Afcons Infrastructure Share Price Rise on Contract from RIL for Dahej Vinyl Project

Afcons Infrastructure Limited, a prominent Indian engineering and construction company, has received a Letter of Award worth ₹700 crore (LoA) from Reliance Industries Limited (RIL) for the execution of construction activities tied to Reliance Industries Vinyl Projects at Dahej, Gujarat.

Scope and Details of the Contract

The awarded contract encompasses civil, mechanical, and related activities, including installation, testing, and commissioning. The estimated value of the contract stands at ₹700 crore, although the final amount will be determined based on the actual work carried out under the terms of the contract. The stipulated project completion timeline extends until the end of June 2026.

Afcons Infra’s Recent Developments

Afcons Infrastructure recently secured a ₹463.50 crore contract for a major water supply project in Rajasthan, set to be completed in 20 months. It also contributed significantly to the Kanpur Metro by constructing the Central Station and completing 2.4 km of challenging underground tunnelling. 

Additionally, Mr. Dimitrius D'Mello was appointed as Director (Commercial & Special Initiatives), bringing over 38 years of experience to lead the company’s supply chain operations.

Read More: Indian Infra Giants L&T and Afcons Win Big in West Asia!

Afcons Infrastructure Share Price Performance 

As of June 09, 2025, at 11:50 AM, Afcons Infrastructure share price is trading at ₹448.20 per share, reflecting a surge of 2.99% from the previous closing price. Over the past month, the stock has surged by 6.73%. The stock's 52-week high stands at ₹570 per share, while its low is ₹398 per share.

Conclusion 

This contract marks a significant milestone for Afcons Infrastructure Limited, strengthening its partnership with Reliance Industries and reinforcing its capabilities in executing large-scale industrial projects. The project is expected to contribute meaningfully to Afcons' order book and revenue stream, while aligning with its long-term growth strategy in the infrastructure sector.

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