Afcons Infrastructure Limited Wins Pune Ring Road Contracts

Afcons Infrastructure Limited has been selected as the lowest (L1) bidder for two major projects under the Pune Ring Road (East). These projects, managed by the Maharashtra State Road Development Corporation Ltd. (MSRDC), are part of the construction of an access-controlled expressway aimed at improving regional connectivity.

Package PRR E5: Valati to Sonori

The PRR E5 segment stretches from kilometer 72+335 in Valati, Taluka Haveli, to kilometer 81+900 in Sonori, Taluka Purandar. The total project cost, excluding GST, amounts to ₹2,718.50 crore. The construction work for this section is to be executed under the Engineering, Procurement, and Construction (EPC) model and is expected to be completed within a period of 36 months.

Package PRR E7: Garade to Shiware

The PRR E7 package extends from kilometer 97+900 in Garade, Taluka Purandar, to kilometer 104+140 in Shiware, Taluka Bhor. This section of the project is also being executed on the EPC basis, with a total estimated cost of ₹2,068.70 crore, excluding GST. Similar to the E5 package, the completion period for this section is set at 36 months.

Combined Project Value

The total cost for both packages E5 and E7 is ₹4,787.20 crore (excluding GST). The projects are important for the development of Pune’s ring road infrastructure, providing an access-controlled route to ease traffic congestion and support regional development.

Afcons shares are trading at ₹495.45, up ₹15.60 (3.25%) as of 1:44 PM on January 14, marking a 4.48% rise over the past six months.

About Company

The company has its registered office in Mumbai and operates globally in infrastructure development, with projects in transportation, marine infrastructure, and industrial construction. Further updates about the progress of these packages will likely be shared as the projects advance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.