Big relocation by Mukesh Ambani as Dependence provides Rs 7000000000 order to business called …, it’s service is …
The contract from Mukesh Ambani-led Dependence has actually equated into a significant increase for Afcons Facilities in the stock exchange.
The agreement from Mukesh Ambani-led Reliance has equated into a significant increase for Afcons Infrastructure in the stock market. Released: June 7, 2025 10:08 PM IST By Gazi Abbas Shahid Afcons Facilities Limited has actually protected an agreement worth Rs 700 crore from Mukesh Ambani-led Dependence Industries for civil, mechanical, setup, testing and commissioning deal with the Vinyl Task in Dahej, Gujarat, which is set up for conclusion by June 2026. In a regulative filing, Afcons Infra stated it has been Letter of Award (LOA) from Dependence Industries Limited for a Rs 700 crore agreement Afcons Infrastructure share prices rise after Reliance agreement Meanwhile, the agreement from Mukesh Ambani’s Dependence has translated into a considerable increase for Afcons in the stock market, with the company’s shares closing at Rs 436 apiece on Monday, gaining nearly 3 percent. According to its quarterly results, Afcons Facilities saw a 23% decrease in its net revenue to Rs 110.92 crore in the March quarter which ended on March 31, against Rs 144.90 crore in the exact same quarter a year ago. In the previous quarter, the company had published a net revenue of Rs 148.85 crore. Afcons’ profits from operations stood at Rs 3,223.27 crore in the fourth quarter of FY 25, versus Rs 3,636.43 crore in the same period in 2015. The business’s Board of Directors have actually likewise authorized a dividend of Rs 2.50 for its shareholders. In a stock exchange filing, Subramanian Krishnamurthy, the Executive Vice Chairman (Whole-time Director) of Afcons Infrastructure, said the company’s debt metric has actually enhanced by a significant margin, with an order book of Rs 36,869 crore, leaving out L1 projects worth Rs 10,662 crore. About Afcons Infrastructure A part of the Shapoorji Pallonji Group, Afcons Infrastructure Limited is an Indian international building and engineering business that concentrates on infrastructure tasks. Afcons has carried out more than 350 facilities projects in over 25 nations internationally, and has actually dealt with crucial facilities projects in India, consisting of the Chenab Rail Bridge in Jammu and Kashmir, and the construction of an underground area of the Kanpur City. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Find out more on Newest Organization News on India.com.
