Rs 32,500 Cr Order Book: Infrastructure Engineering Company Wins Rs 5,301 Cr Vadhvan Port Contract

On Tuesday, Indian equity benchmarks ended higher, with the benchmark Nifty 50 index gaining 0.52 per cent to 23,242.10. Amid the positive market sentiment, Afcons Infrastructure share price ended at Rs 315.50, up 1.06 per cent from the previous close after the company secured a major marine infrastructure contract worth Rs 5,301 crore for the Vadhvan Port project in Maharashtra.

Receives Rs 5,301 Crore Marine Infrastructure Contract

Afcons Infrastructure Ltd has received a Letter of Award from Vadhvan Port Project Limited (VPPL) for the construction of a 10.14-kilometre-long breakwater at the upcoming Vadhvan Port in Maharashtra. The contract is valued at Rs 5,301 crore, excluding GST, and was awarded in the normal course of business.

According to the company, the Letter of Award was received on June 9, 2026. Upon completion, the breakwater is expected to become the second-longest breakwater structure in the world.

Also Read - Rs 99,262 Crore Order Book: Navratna PSU Bags Rs 221 Crore Railway Infrastructure Contract

Strategic Project For India's Maritime Infrastructure

Vadhvan Port is being developed as India's largest public port and is among the world's largest planned container ports. The port is designed with an annual handling capacity of 23.2 million TEUs.

The project is expected to significantly enhance India's maritime infrastructure capabilities and strengthen the country's position in global trade. The development of Vadhvan Port is also aimed at supporting large-scale logistics and cargo movement along India's western coastline.

Management Commentary

Krishnamurthy Subramanian, Executive Chairman of Afcons Infrastructure Ltd, said that the award reflects the company's expertise in executing complex and large-scale marine infrastructure projects. He stated that the Vadhvan breakwater project would serve as a strategic enabler for India's ambition to emerge as a global maritime hub.

S. Paramasivan, Managing Director of Afcons Infrastructure Ltd, said the project is one of the world's landmark marine infrastructure developments and highlights India's growing capabilities in executing complex infrastructure projects. He added that the company remains committed to delivering the project successfully in line with the vision of Viksit Bharat.

Marine Infrastructure Track Record

Afcons has executed several marine infrastructure projects in India and overseas. Its international portfolio includes the Bulk Jetty at Port of Sohar in Oman, the New Owendo International Port in Gabon, and the Sulphur Jetty project in Kuwait.

The company has been ranked as the eighth-largest marine and port facilities contractor globally by Engineering News-Record (ENR), USA.

Financial Performance And Order Book

For FY25, Afcons Infrastructure reported consolidated total income of Rs 13,023 crore. EBITDA stood at Rs 1,662 crore, with an EBITDA margin of 12.8 per cent. The company reported a consolidated profit after tax of Rs 487 crore during the financial year. As of March 31, 2025, Afcons Infrastructure's consolidated order book stood at Rs 36,869 crore.

About Afcons Infrastructure

Afcons Infrastructure Ltd, established in 1959, is the flagship engineering and construction company of the Shapoorji Pallonji Group.

The company operates across marine infrastructure, transportation, tunnelling, bridges, water, oil and gas, and heavy civil construction segments. It has executed and is currently executing projects across 30 countries in Asia, Africa and the Middle East.

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Disclaimer: The article is for informational purposes only and not investment advice.