Please find enclosed the press release titled " Afcons Forays into Europe".
AFCONS · price
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Afcons Infrastructure has been selected as the most suitable bidder for a railway rehabilitation and construction project in Croatia. The project involves reconstructing the existing track and building a second track, along with overhead electrification, signalling, and telecommunication works. The contract is valued at €677.07 million (approximately INR 7,544 crore), making it Afcons' largest international order to date. This marks the company's entry into the European infrastructure market. The project follows an earlier announcement from July 2025 when Afcons was declared the Lowest Bidder (L1) for this railway line project.
This is a significant positive development for Afcons as the large international order in Euros provides hard currency revenue and demonstrates the company's ability to win complex infrastructure projects outside India. The project's scale as the company's largest international order could boost investor confidence and future order book visibility.