Afcons Infrastructure Shares Fall Over 3%; Receives Termination Notice For Gabon NR1 EPC Project

Afcons Infrastructure Limited has received a termination notice from its client for an EPC road project in Gabon valued at approximately €113.03 million. The contract relates to the development of a key stretch of National Road NR1. 

Project Scope and Current Status 

The project involved the design, construction, rehabilitation and upgradation of National Road NR1 from PK 24+000 to PK 105+000, covering nearly 117 km. As of December 31, 2025, around 93.47% of the work had been completed and the road had already been opened to traffic nearly two years ago. Certain remaining sections are pending due to land handover constraints. 

The termination follows an earlier communication regarding invocation of bonds by the client, Société Autoroutière du Gabon. 

Company Stand and Business Impact 

Afcons has stated that it believes the termination is inconsistent with the contractual framework and applicable law, and that it is pursuing available contractual and legal remedies. The company clarified that the dispute is limited to this specific project. 

It further indicated that the development is not expected to affect its overall order book, operational capacity or execution of other ongoing projects. 

Read More: Brahmaputra Infrastructure Share Price Gains Over 5%; Secures ₹397 Crore NH-458 EPC Project In Rajasthan! 

Afcons Infrastructure Share Price Performance  

As of 25 February 2026, at 9:25AM, Afcons Infrastructure Limited share price is trading at ₹296.15 per share, reflecting a decline of 3.85% from the previous closing price. Over the past month, the stock has declined by 13.08%. 

Conclusion 

While the Gabon NR1 contract has now been formally terminated, Afcons Infrastructure maintains that the issue is project-specific and does not alter its broader operational outlook or project pipeline. 

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