Archive · 9 Jun 2025
Afcons Infrastructure Receives Order from Reliance, Shares Rise
Afcons Infrastructure, a construction company, got a big job from Reliance Industries to build things for the Vinyl Projects in Dahej, Gujarat.
The contract is worth ₹700 crore.
This news made the company's stock price go up by almost 6% during the day.
The work includes building structures, installing equipment, and testing everything.
The project is expected to be finished by the end of June 2026.
Afcons Infrastructure received a Letter of Award (LoA) from Reliance Industries.
The LoA is for construction works related to the Vinyl Projects in Dahej, Gujarat.
The contract value is estimated at ₹700 crore, excluding GST.
The scope of work includes civil, mechanical, and associated works.
Afcons Infrastructure's share price rose up to 6% intraday after the announcement.
- Who
- Afcons Infrastructure and Reliance Industries Limited (RIL).
- What
- Afcons Infrastructure received a Letter of Award (LoA) from Reliance for construction works related to Vinyl Projects.
- When
- Order announced June 7, 2025; Completion by end of June 2026.
- Where
- Dahej, Gujarat
- Why
- To execute construction works for the Vinyl Projects.
- Company
- Afcons Infrastructure
- Client
- Reliance Industries Limited (RIL)
- Project
- Vinyl Projects
- Location
- Dahej, Gujarat
- Contract Value (excl. GST)
- ₹700 crore
- Completion Date
- June 2026
- Share Price Increase (Intraday)
- Up to 6%
