09 Jun , 2025 By : Debdeep Gupta
Afcons Infrastructure share price extended gains on third consecutive session, rising nearly 3 percent in the early trade on June 9 after company received work order from Reliance Industries.
At 09:18am, Afcons Infrastructure was quoting at Rs 446.30, up Rs 11.25, or 2.59 percent, on the BSE.
"... has been awarded a Letter of Award (LoA) from Reliance Industries for the execution of construction works related to the Vinyl Projects at Dahej, Gujarat," company said in exchange filing.
The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works.
The estimated value of the contract is Rs 700 crore.
In the month of May the company declared as a lowest bidder (L1) for the water supply project of 353 villages of district Dungarpur form Kadana Back Water (Mahi Dam) Package -1. The project cost is Rs 463.50 crore.
The share touched a 52-week high of Rs 570.00 and a 52-week low of Rs 382.40 on 03 January, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 21.7 percent below its 52-week high and 16.71 percent above its 52-week low.
The market capitalisation of the company stands at Rs 16,414.23 crore.
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