Afcons Infrastructure Share Price Surges 6% After ₹700 Crore Reliance Order Win

Market Performance

Afcons Infrastructure's share price opened at ₹453.70 on the BSE this Monday, climbing 4% above last Friday's close of ₹435.05. Within the first hour, Afcons Infrastructure's share price reached an intraday peak of ₹460.75, registering a nearly 6% jump before noon.

Main News

Over the weekend, the engineering major announced a significant win: a ₹700 Crore Letter of Award from Reliance Industries Ltd. (RIL). The new contract covers construction works for RIL's Vinyl Projects in Dahej, Gujarat. News of the award sparked immediate interest on Dalal Street, propelling Afcons Infrastructure's share price higher at the opening bell.

Company Details

• Client: Reliance Industries Limited
• Project: Vinyl Projects, Dahej, Gujarat
• Scope:
  • Civil works
  • Mechanical installation
  • Testing & commissioning
• Contract Value: ₹700 Crore (excluding GST)
• Completion Deadline: June 2026

Financial Highlights

• Indicative contract value: ₹700 Crore
• Payment structure: Based on actual work executed under contract terms

Summary of the Article

The fresh ₹700 Crore order from Reliance has boosted market sentiment, sending Afcons Infrastructure's share price up by almost 6% in early trade. With project completion slated for June 2026, investors will closely monitor execution milestones. While the contract value is indicative and payments hinge on actual work done, the win strengthens Afcons Infrastructure's order book and underscores its capabilities in large-scale industrial construction. For now, the market response reflects confidence in the company's ability to deliver on this marquee project.