Announced Thu, 6 Aug · 14:38 IST
Afcons wins Rs 1,918 Cr water tunnel order from BMC Mumbai
AFCONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹280.25
prior close
₹281.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.9-0.6-0.5-2.4-6.5-5.6-4.7-3.0-3.1+1.7+4.7——
Up moveDown movePending
AI summary
Afcons Infrastructure has received a Letter of Acceptance from Brihanmumbai Municipal Corporation for a Rs 1,918 crore desalinated water tunnel project in Mumbai. Work involves designing and constructing a water conveyance tunnel from Manori to Charkop to Mahavir Nagar in Kandivali. The order value includes GST and operations and maintenance charges.
Likely market impact
Positive: adds a sizeable order to the backlog, supporting future revenue. Execution depends on BMC timelines and municipal approvals.