Afcons Infrastructure Bags Over ₹4,500 Cr Croatia Road Deals! 🛣️
Hey finance enthusiasts!
We’ve got some exciting news from Afcons Infrastructure Limited (AFCONS) that’s definitely worth a closer look. The company has just announced a significant international win, being declared the Lowest Bidder (L1) for two major road construction packages in the Republic of Croatia! 🎉
What’s the Big Deal?
Afcons has secured contracts from Croatian Motorways Ltd for two crucial road projects. Being the ‘Lowest Bidder’ means they’ve submitted the most competitive offer, putting them in prime position to execute these works. This is a fantastic testament to their expertise and competitive edge on the global stage.
Let’s break down the details of these impressive projects:
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Package J324/23: This involves the construction of a 9 km stretch of road within the Metkovij – Dubrovnik Sector, specifically the Rudine – Slano subsection. This is part of the A1 Motorway connecting Zagreb, Split, and Dubrovnik. The estimated value for this package is a whopping Euro 240,593,861.40, which translates to approximately ₹2,398 Crores! 💰
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Package J325/23: The second package covers the construction of an 11.5 km road section, also within the Metkovij – Dubrovnik Sector, focusing on the Slano Puo Mravinjac subsection. This is another vital part of the A1 Motorway. This project is valued at Euro 214,452,118.69, equivalent to around ₹2,137.44 Crores. 🏗️
Total Impact:
Combined, these two projects are valued at over Euro 455 million, or more than ₹4,535 Crores! Both packages are slated for completion within 42 months from the commencement date, post-award. This substantial order highlights Afcons’ growing footprint in the international infrastructure market and showcases their capability to handle large-scale, complex road projects. It’s a significant boost to their order book and a clear indicator of their global ambitions. 🌍
This win underscores Afcons Infrastructure’s position as a key player in the construction sector, not just in India but increasingly across the world. Keep an eye on how these projects unfold! ✨
source: Corporate Announcement
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