Afcons Infrastruct.

July 6 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE - GETS TAX PENALTY OF 164.8 MILLION RUPEES IMPOSED

Source text: ID:nNSE1JBjD6

Further company coverage: AFCN.NS

(([email protected];))

** Shares of Afcons Infrastructure AFCN.NS jump 8.8% to 343.35 rupees

** Infrastructure engineering and construction co gets order worth 53.01 bln rupees ($554.7 mln) from Vadhvan Port Project

** Order for construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra

** YTD, AFCN down about 11%

($1 = 95.5575 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Afcons Infrastructure has received a Letter of Award from Vadhvan Port Project Limited to build a 10.14-kilometre breakwater at the upcoming Vadhvan Port in Maharashtra, the company announced on Tuesday. The project is valued at ₹5,301 crore. Once completed, it will be the second longest breakwater in the world. Vadhvan Port is envisioned as India's largest public port with a handling capacity of 23.2 million twenty-foot equivalent units, positioning the country prominently on global trade routes. Afcons, ranked the eighth largest marine and port facilities contractor globally by Engineering News-Record, has previously delivered complex marine projects across India and internationally, including in Oman, Gabon, and Kuwait. The company's executive chairman described the award as a testament to its expertise in large-scale marine infrastructure.

Powered by Tijori

June 9 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE - GETS PROJECT VALUED AT 53.01 BILLION RUPEES

Source text: ID:nBSE8mFl2

Further company coverage: AFCN.NS

(([email protected];;))

** Shares of Afcons Infrastructure AFCN.NS fall as much as 1.26% after Jefferies downgrades stock to "hold" from "buy", PT cut to 305 rupees from 440 rupees

** Jefferies cuts FY27/FY28 EPS estimates by more than 37%

** Brokerage cites persistent weakness in execution and order inflows

** Says FY26 order inflow fell 74% y/y due to delays in converting low-bidder projects and cancellations, while working capital pressures and payment delays remain

** Adds, near-term weakness could persist amid slower execution, geopolitical disruptions

** AFCN rated "hold" on average by 10 analysts, median PT at 345 rupees - LSEG-compiled data

** Stock last down 0.41% at 304.15 rupees

** YTD, stock down about 21%

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

BENGALURU, May 19 (Reuters) - Diary of India economic, corporate events on May 19

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

(([email protected]))

May 18 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - RECOMMENDS DIVIDEND OF 2 RUPEES PER SHARE

• AFCONS INFRASTRUCTURE LTD - MARCH-QUARTER CONSOL NET LOSS 884 MILLION RUPEES

• AFCONS INFRASTRUCTURE LTD - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 26.14 BILLION RUPEES

Source text: ID:nBSE5p3zwC

Further company coverage: AFCN.NS

(([email protected];;))

** Shares of Afcons Infrastructure AFCN.NS up 2.3% to 334.3 rupees, after rising as much as 9.9% earlier in the session

** Co wins project worth 75.44 bln rupees ($789.7 mln) for rehabilitation and construction of a railway line in Europe

** More than 8.5 mln shares traded, ~4x their 30-day moving avg

** Busiest session since April 15

** Avg analysts' rating is "buy" and median PT is 424.5 rupees - data compiled by LSEG

** YTD, AFCN down ~14%

($1 = 95.5325 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

May 11 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - SELECTED FOR RAILWAY REHABILITATION AND CONSTRUCTION IN EUROPE

• AFCONS INFRASTRUCTURE LTD - PROJECT VALUED AT 677.07 MILLION EUROS EXCLUDING TAXES

Source text: ID:nBSE3fTVLR

Further company coverage: AFCN.NS

(([email protected];))

May 4 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - RECEIVES EPC ORDER WORTH 3.73 BILLION RUPEES IN APRIL 2026

Source text: ID:nBSEbbt8LF

Further company coverage: AFCN.NS

(([email protected];;))

March 17 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - ARBITRAL TRIBUNAL AWARDS 33.5 MILLION RUPEES TO AFCONS GUNANUSA JOINT VENTURE

Source text: ID:nBSE2GcgYT

Further company coverage: AFCN.NS

(([email protected];))

Feb 10 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - DEC-QUARTER CONSOL NET PROFIT 970.9 MILLION RUPEES

• AFCONS INFRASTRUCTURE LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 29.76 BILLION RUPEES

Source text: ID:nnAZN4SFU5I

Further company coverage: AFCN.NS

(([email protected];))

Feb 2 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - SECURES 100 MILLION EURO ROAD PROJECT IN UGANDA

Source text: ID:nPre6VP5ja

Further company coverage: AFCN.NS

(([email protected];))

Jan 30 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• GETS ARBITRATION AWARD OF 270.3 MILLION RUPEES, BANK GUARANTEE 275.4 MILLION RUPEES

Source text: ID:nBSE4cB1Wk

Further company coverage: AFCN.NS

(([email protected];))

** Afcons Infrastructure AFCN.NS rises 2% to 475 rupees

** Co secures contract worth 5.76 bln rupees ($64.9 mln) for civil, allied infra works

** More than 984,640 shares traded, 1.2x the 30-day avg

** Stock rated "strong buy" on average; median PT is 560 rupees, per data compiled by LSEG

** YTD, AFCN falls ~13%

($1 = 88.7320 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

** Afcons Infrastructure AFCN.NS rises 3.87% to 422.45 rupees after Q1 PAT jumps 50% y/y

** Co's revenue rises 6.4%, benefiting from robust national spending on infra

** Core profit came in above expectations, Jefferies and DAM Capital say, citing strong execution of higher-margin orders

** Jefferies adds Afcons' target markets abroad are largely unaffected by tariff-related uncertainty, while domestic pipeline remains strong

** DAM Capital says co's substantial order backlog provides revenue growth visibility in the range of 20-25% for fiscal 2026

** YTD, AFCN down 22.5%

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Shares of Afcons Infrastructure Ltd AFCN.NS rise as much as 3.7% to 434.3 rupees
** Infra co declared the lowest bidder by HŽ Infrastructure Ltd for construction of a railway line in the Republic of Croatia
** Adds, estimated value of contract is 68 bln rupees ($788.5 mln)
** Stock on track to gain for third straight day
** More than 2.2 mln shares traded as of 9:53 a.m. IST, 1.7x their 30-day moving avg
** Mean rating of stock is "strong buy"; their median PT is 560 rupees - data compiled by LSEG
** AFCN last up 2%, cutting YTD losses to 23.2%

($1 = 86.2350 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

July 21 (Reuters) - Four companies submitted bids for the rebuilding of an 83-km railway and construction of a new track in central Croatia, the country's largest rail project ever estimated to cost 620 million euros ($725 million), a state infrastructure operator said on Monday.

The reconstruction of the Dugo Selo-Novska railway track will be financed with European Union funds, HZ Infrastruktura said on its website.

A consortium of Ashoka Buildcon Ltd ABDL.NS, Serneke International Group AB and Konkan Railway Corp Ltd offered to perform the work for 780 million euros, HZ Infrastruktura said.

Afcons Infrastructure Ltd AFCN.NS has submitted a 677-million-euro bid, while Turkish companies Dogus Insaat ve Ticaret Anonim Sirketi and Cengiz Insaat Sanavi ve Ticaret A.S. have bid 990 million and 873 million euros respectively.

The bids will be evaluated in a timeframe provided by law and a contract signed after the selection of the economically most favourable offer, HZ Infrastruktura said. It is estimated that the works will last nearly six years.

($1 = 0.8592 euros)

(Reporting by Daria Sito-Sucic; Editing by Dale Hudson)

(([email protected]))

** Shares of Afcons Infrastructure AFCN.NS rise as much as 5.6% to 437 rupees, logging biggest intraday pct gain since May 13

** Construction co emerges as lowest bidder for two road construction packages in Croatia

** Total contract value stands at 455 mln euros ($528.85 mln)

** Stock rated "Strong Buy" on an avg; median PT is 560 rupees, per data compiled by LSEG

** Stock down 18% YTD

($1 = 0.8604 euros)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

July 17 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• DECLARED LOWEST BIDDER IN TWO DIFFERENT PACKAGES BY CROATIAN MOTORWAYS

• PACKAGE J324/23 CONTRACT VALUED AT EURO 240.6 MILLION

• PACKAGE J325/23 CONTRACT VALUED AT EURO 214.5 MILLION

Source text: ID:nBSE6yh0Vz

Further company coverage: AFCN.NS

(([email protected];;))

** Shares of India's Afcons Infrastructure AFCN.NS rise 2% to 444 rupees

** Construction company receives 7 billion rupees ($81.7 mln) order from Reliance Industries RELI.NS

** Construction work order for Reliance's vinyl projects at Dahej in Gujarat - Afcons

** Stock rated "Strong Buy" on an avg; median PT is 560 rupees, per data compiled by LSEG

** More than 1.5 mln shares traded, 1.4x 30-day moving avg

** Stock down 18% YTD

($1 = 85.6800 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

May 23 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD MARCH-QUARTER CONSOL NET PROFIT 1.11 BILLION RUPEES

• AFCONS INFRASTRUCTURE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 32.23 BILLION RUPEES

• AFCONS INFRASTRUCTURE LTD - DIVIDEND 2.5 RUPEES PER SHARE

• AFCONS INFRASTRUCTURE LTD - TO BORROW FUNDS UPTO 7.5 BILLION RUPEES

• AFCONS INFRASTRUCTURE- TO ISSUE NCDS/BONDS/OTHER INSTRUMENTS ON PRIVATE PLACEMENT BASIS

Source text: [ID:]

Further company coverage: AFCN.NS

(([email protected];))

March 21 (Reuters) - ** Afcons Infrastructure AFCN.NS rises 2.3% to seven-week high of 480.85 rupees; set for third day of gains

** IIFL Capital starts with "buy", PT of 554 rupees

** Says co's existing 486 bln-rupee order book (including L1 position) and stable government infra spends provide strong growth visibility

** Expects revenue and profit to grow at compounded annual rate of 20% and 24%, respectively, over FY25-FY27

** Adds margins rose steadily due to larger size, complexity of projects and will sustain going ahead

** Stock rated "strong buy" on avg; median PT is 570.50 rupees, per data compiled by LSEG

** AFCN up 4% from IPO price of 463 rupees when it debuted on November 4, 2024, but down 12% YTD

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of Afcons Infrastructure AFCN.NS slide 7.4% to 412 rupees, lowest since Nov 4 trading debut

** Stock now down 11.5% vs IPO price of 463 rupees

** Income tax officials conducting survey at AFCN offices in Mumbai and Delhi, CNBC Awaaz reported

** Afcons, the flagship of conglomerate Shapoorji Pallonji Group, did not respond to a Reuters request for comment

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Feb 3 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - GETS PENALTY ORDER FOR 388.2 MILLION RUPEES

Source text: ID:nBSE4K2f9g

Further company coverage: AFCN.NS

(([email protected];))

Feb 1 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• GETS TAX ORDER WITH PENALTY OF 143.9 MILLION RUPEES

Source text: ID:nBSE4WtZ30

Further company coverage: AFCN.NS

(([email protected];;))

Jan 29 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• RECEIVES LETTER OF AWARD FOR ORDER WORTH 12.83 BILLION RUPEES

Source text: ID:nBSE9H4Yfm

Further company coverage: AFCN.NS

(([email protected];;))

Jan 13 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - EMERGES AS L1 BIDDER FOR PUNE RING ROAD PACKAGES

• AFCONS INFRASTRUCTURE LTD - TOTAL BID COST FOR PROJECTS IS 47.87 BILLION RUPEES

Source text: ID:nBSErBHYk

Further company coverage: AFCN.NS

(([email protected];))

Jan 8 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - TAX AUTHORITY DEMANDS 14.4 MILLION RUPEES

Source text: ID:nBSE6T6Q0W

Further company coverage: AFCN.NS

(([email protected];))

** Shares of recently listed Afcons Infrastructure AFCN.NS rise as much as 6.6% to a record high of 570 rupees

** Construction engineering co gets order worth 10.85 bln rupees ($126.56 mln) from Defence Research and Development Organisation

** Order for designing and building civil, mechanical, electrical, HVAC, ELV systems, furniture and interiors

** More than 4.2 mln AFCN shares traded; 1.5x its 30-day avg

** Stock last up 3.5%, has risen 30% since its market debut in Nov. 2024

($1 = 85.7290 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))