Afcons Infrastructure share price rose in the opening trade on January 30 after the company received the Letter of Award (LOA) from Hindustan Gateway Container Terminal Kandla.
At 09:53am, Afcons Infrastructure was quoting at Rs 463.55, up Rs 5.90, or 1.29 percent, on the BSE.
The project includes design and construction of the marine package of the container terminal at Tuna Tekra - India (Package-1) worth Rs 1,283 crore, which is to be completed in 29 months.
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On January 13, the company emerged as the Lowest bidder (L1) for the tender invited for the work of construction of the Access Controlled Pune Ring Road (East) Packages PRR E5 and E7 by the Maharashtra State Road Development Corporation (MSRDC) with total cost of Rs 4,787.20 crore.
On January 8, the company received Letter of Intent from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for the infrastructure work on EPC basis in India. The order value was Rs 1084.54 crore.
The share touched a 52-week high of Rs 570 and a 52-week low of Rs 420.25 on 03 January, 2025 and 04 November, 2024, respectively.
Currently, the stock is trading 18.68 percent below its 52-week high and 10.3 percent above its 52-week low.
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