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Afcons Infrastructure Share Price Rises 5.87%; Wins ₹1,006.74 Crore Bhopal Metro Contract

Updated on: Dec 16, 2024, 3:14 PM IST
Afcons Infrastructure share price rises 5.87%. The company secured ₹1,006.74 crore Bhopal Metro contract for a 12.915 km viaduct and 13 stations, set for completion in 36 months under EPC mode.
Afcons Infrastructure Share Price Rises 5.87%; Wins ₹1,006.74 Crore Bhopal Metro Contract
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Afcons Infrastructure Limited informed the stock exchanges that it has secured a major contract for the Bhopal Metro Rail Project. The company received the Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. Ltd, formally confirming the award of the BH-05 project.

Details of the Project

This project involves the part design and construction of an elevated viaduct and 13 elevated metro stations, connecting Bhadbhada Chauraha to Ratnagiri Tiraha on the Blue Line. The contract excludes an elevated passenger interchange metro station but includes access to the depot.

The project spans a total length of 12.915 km, with specific chainages covered between 50+000 and 62+915 for the viaduct and between 00+143 and 01+080 for depot access. The project will be executed under the Engineering, Procurement, and Construction (EPC) model at a cost of ₹1,006.74 crore (excluding GST). The completion timeline is set at 36 months.

This project is a key component of the Bhopal Metro’s development and aligns with the city’s efforts to enhance public transportation infrastructure. Once completed, it is expected to improve urban connectivity, reduce travel times, and support eco-friendly commuting in the region.

The contract award strengthens Afcons Infrastructure’s reputation for delivering large-scale metro rail projects and reinforces its position as a leading player in the infrastructure sector. The company’s selection as the Lowest Bidder (L1) for this project further reflects its competitive bidding strategy and technical expertise in executing complex infrastructure projects.

On December 16, 2024, Afcons Infrastructure share price opened at ₹536.00, up from its previous close of ₹522.50. At 9:52 AM, the share price of Afcons Infrastructure was trading at ₹553.15, up by 5.87% on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 16, 2024, 10:03 AM IST

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