INSUBCONTINENT EXCLUSIVE:
The project also includes overhead electrification and signalling & telecommunication work.The estimated contract value, excluding VAT, is
The work will be executed on a BOQ/item-rate basis, with a scheduled completion period of 72 months from the commencement date
post-award.Earlier in May, Afcons Infrastructure said it had received a letter of commitment for a civil and structural contract worth Rs
175 crore from Reliance Industries for work at Jamnagar, Gujarat
The final value will depend on the actual work executed, as per the contract terms.Also Read:7 Nifty500 stocks with highest dividend yields
Do you own any?
Live EventsOn Monday, Afcons Infra shares ended 0.36% higher at Rs 418.70, tracking broader market gains
However, the stock has declined 17% over the past six months and is down 22% year-to-date.According to Trendlyne, the average target price
for Afcons Infra is Rs 543, suggesting a potential upside of nearly 30% from current levels
stocks trading below industry PE; may rally up to 43%(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are
These do not represent the views of the Economic Times)
