Afcons Wins Big In Europe With €677 Million Croatian Rail Project

Anirudh Jain - Kolkata Bureau May 11, 2026 4,750 Views

Afcons Infrastructure Ltd has been selected for a major railway rehabilitation and construction project in Europe, with the contract valued at €677.07 million (around ₹6,800 crore) excluding taxes. The project, awarded by Croatia’s HŽ Infrastructure Ltd, marks a significant milestone in Afcons’ international expansion strategy and European presence.

The Indian infrastructure major will work on one of Croatia’s most important railway corridors, underscoring growing global confidence in Indian engineering and project execution capabilities. For Afcons, part of the Shapoorji Pallonji Group, this is not just a large order win, but a brand-defining entry into Europe’s high-spec transport infrastructure space.

European Rail Push Gains Momentum

Afcons has been selected for rehabilitation of existing tracks and construction of a second line on the Dugo Selo–Novska railway section in Croatia. The scope includes civil works, overhead electrification, and signaling and telecommunication systems, making it a comprehensive EPC-style engagement rather than a limited civil contract.

Scale And Strategic Importance

With an estimated value of €677.07 million excluding VAT, and a completion timeline of about 72 months, this is among Afcons’ largest overseas projects by value. The line is part of a key European rail corridor, co-funded by EU mechanisms, which further raises technical and compliance expectations for the contractor.

Boost To India’s Infra Credentials

The win reinforces India’s growing reputation as an exporter of infrastructure expertise, not just manpower. Successful execution can open doors to additional tenders across Europe, where Afcons has already emerged as the lowest bidder among multiple global competitors for this project.

Project And Order Book Highlights

Project value pegged at €677.07 million, excluding taxes
Work includes track rehab, second line construction, electrification, signalling and telecom
Project located on Dugo Selo–Novska rail stretch in Croatia
Completion timeline estimated at about 72 months from commencement
Afcons emerged as lowest bidder among multiple international players
Win significantly boosts overseas order book and European credentials

Sources: Company and exchange disclosures on Afcons’ Croatia project, HŽ Infrastructure tenders, EU corridor and project reports

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