Afcons Bags Massive β¬677M Croatia Railway Project! π
Big news from the infrastructure world! Afcons Infrastructure Limited, a name you’re likely familiar with in the construction space, has just landed a massive international contract. The company has been declared the Lowest Bidder (L1) for a significant railway project in the Republic of Croatia. π
The contract, awarded by M/s. HΕ½ INFRASTRUKTURA d.o.o. (HΕ½ Infrastructure Ltd), involves the rehabilitation and construction of a crucial railway line. Specifically, Afcons will be undertaking the reconstruction of the existing track and building a second track on the Dugo Selo - Novska railway line. This comprehensive project also includes essential overhead electrification, signalling, and telecommunication works, making it a full-fledged upgrade for the Croatian railway network.
Now, let’s talk numbers! This isn’t just any contract; it’s a substantial one. The estimated value of this project, excluding taxes, stands at a whopping EUR 677,071,899.78. For those of us thinking in Indian Rupees, that’s equivalent to approximately Rs. 6,800.00 Crores, based on the current exchange rate of 1 Euro to INR 100.44. That’s a serious chunk of change! π°
As for the timeline, the project is set to be completed within 72 months, which translates to a solid six years of work from the commencement date post-award. This long-term engagement highlights the scale and complexity of the undertaking.
This win is a testament to Afcons’ growing international footprint and its expertise in large-scale infrastructure projects. Securing the ‘Lowest Bidder’ status against competition speaks volumes about their competitive edge and technical capabilities. It’s exciting to see Indian companies making such significant strides on the global stage! π
source: Corporate Announcement
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