Afcons Infrastructure Share Price Surges on Securing ₹4,535 Crore Projects in Croatia

Afcons Infrastructure Ltd. has been declared the lowest bidder for two separate road construction packages in Croatia, as per an exchange filing. The projects are part of the Metković–Dubrovnik sector of the A1 Motorway, a major route that connects Zagreb, Split, and Dubrovnik.

Details of Contracts

The first package, J324/23, covers a 9 km stretch between Rudine and Slano. The estimated value of this project is €240.59 million, which is around ₹2,398 crore based on an exchange rate of 1 euro = ₹99.67.

The second package, J325/23, includes 11.5 km of road between Slano and Puo Mravinjac. This contract is valued at €214.45 million, or approximately ₹2,137.44 crore.

Both projects are based on a BOQ (Bill of Quantities) or item-rate structure. The completion period for each is 42 months from the date of commencement, as stated in the official exchange filing.

Source of Award

The contracts have been awarded by Croatian Motorways Ltd. These fall under a plan to complete critical sections of the A1 Motorway, which spans key regions of southern Croatia. Combined, the two packages amount to €455.05 million, translating to over ₹4,535 crore. This adds to Afcons Infrastructure’s international projects in the transport infrastructure space.

Afcons Infrastructure Share Price Performance 

As of 10:14 AM on July 18, 2025, Afcons Infrastructure share price was trading at ₹421.60, up 1.27%. The stock is currently trading closer to its 52-week low of ₹398.00.

Read More: SBI QIP Oversubscribed 4.5 Times, Raises ₹25,000 Crore from Domestic and Global Investors!

Conclusion

Afcons Infrastructure’s bid for both packages was the lowest among all contenders. The projects are now under finalisation and are expected to begin execution following the award confirmation.

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