Afcons Infrastructure Limited has informed the Exchange about Awarding of order(s)/contract(s)
AFCONS · price
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Awaiting price reaction for this filing.
Afcons Infrastructure has received a Letter of Commitment (LoC) from Reliance Industries Limited (RIL) for Civil & Structural Erection work at Jamnagar, Gujarat. The indicative contract value is Rs. 175 crores (excluding GST), though actual payment will be based on work executed. The work will be carried out on a BOQ (Bill of Quantities) basis, with the completion timeline to be mutually agreed between both parties. This is a domestic order from a major private sector client, adding to Afcons' order book from a reputed counterparty.
This order from RIL, a highly creditworthy counterparty, strengthens Afcons' order pipeline and provides revenue visibility, though the size is modest relative to the company's overall scale. Positive for investor sentiment given the client's strong reputation, but unlikely to materially move the stock.