Rs 36,869 crore order book: Shapoorji Pallonji Group’s Civil Construction Company Secures Rs 6,800 Crore Croatian Railway Projects
DSIJ Intelligence-2 / 22 Jul 2025/ Categories: Mindshare, Trending
Despite the positive momentum, the stock has declined by over 22 per cent year-to-date and by 4.68 per cent over the last three months.
Afcons Infrastructure Limited, the flagship company of the Shapoorji Pallonji Group, saw its share price climb after securing a Rs 6,800 crore railway project in Croatia. This development strengthens the company’s record-high order book, now at Rs 36,869 crore, approximately 2.9 times its trailing twelve-month turnover.
On July 21, 2025, Afcons Infrastructure announced that it had been declared the Lowest Bidder (L1) by HŽ INFRASTRUKTURA d.o.o. for the reconstruction of the existing and construction of a second track on the Dugo Selo – Novska railway line in Croatia. The project also includes overhead electrification and signalling & telecommunication works. Valued at €677,071,899.78 (around Rs 6,800 crore at €1 = Rs 100.44), the contract is expected to be completed within 72 months from commencement.
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This follows the company’s success on July 18, when it secured two Croatian road construction contracts worth Rs 4,535 crore, further strengthening its international order portfolio.
As of March 2025, Afcons Infrastructure’s order book reached Rs 36,869 crore, the highest in its history. For the quarter ended March 2025, the company posted revenue of Rs 3,223 crore, an 11.36 per cent decline from Rs 3,636 crore in the same period last year. Profit after tax stood at Rs 111 crore, marking a 23.45 per cent drop compared to Rs 145 crore a year ago.
On an annual basis for FY 2024–25, revenue fell by 5.43 per cent to Rs 12,548 crore, while profit after tax improved by 8.22 per cent, rising to Rs 487 crore from Rs 450 crore in FY 2023–24.
On Monday, July 22, 2025, Afcons Infrastructure’s share price surged as much as 3.7 per cent to touch an intraday high of Rs 434.30 per share. At 10:32 AM, the stock was trading 1.42 per cent higher at Rs 424.25, while the Nifty 50 index edged up 0.04 per cent to 25,100.
Despite the positive momentum, the stock has declined by over 22 per cent year-to-date and by 4.68 per cent over the last three months. Since its IPO listing in November 2024, the share price is marginally down by 0.59 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.