Afcons Infrastructure share price touched 52-week high of Rs 561.75 in the opening trade on December 16 following the company received Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co for Bhopal Metro Rail Project.
At 09:27am, afcons Infrastructure was quoting at Rs 552.10, up Rs 29.45, or 5.63 percent, on the BSE.
The project include design and construction of elevated Viaduct, thirteen elevated metro stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha and access to Depot for Bhopal Metro Rail Project.
The said project cost is Rs 1,006.74 crore and to be completed in 36 months.
Last week, company's JV Afcons – Hindustan has been declared as lowest bidder for the water supply project of 353 villages of district Dungarpur form Kadana Back Water (Mahi Dam) Package -1 under Jal Jeevan Mission with O&M for Ten years after defect liability period of one year from Public Health Engineer Department, Udaipur, E- procurement System, Government of Rajasthan of Rs 503,85,95,894.19.
Earlier in this month, the company completed the longest tunnelling drive between the Tughlakabad Airforce Launching Shaft and Maa Anandmayee Marg Station on the Tughlakabad-Aerocity corridor of Delhi Metro Phase IV.
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In November, the company received a letter of acceptance (LoA) worth Rs 1274 crore from the Uttarakhand Project Development and Construction Corporation (UPDCC) for the civil works and hydromechanical (HM) works associated with the construction of a 130.6-meter high concrete gravity dam and other related works for the Song Dam Project across the River Song in Dehradun, Uttarakhand.
On November 4, the company share got listed with nearly 8 percent discount at Rs 426 per share against its offer price of Rs 463 apiece.
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