Afcons Secures ₹175 Cr Contract Backed by Reliance Industries’ LOC Boost

Afcons Infrastructure Ltd has clinched a significant infrastructure contract valued at ₹175 crore, backed by a Letter of Credit (LOC) from Reliance Industries Ltd (RIL). The development marks a strategic win for the Shapoorji Pallonji Group company, reinforcing its position as a preferred EPC partner for high-value industrial and energy projects.

 

The contract, awarded in late June 2025, is expected to involve marine and industrial infrastructure development, a segment where Afcons has deep expertise. While specific project details remain under wraps, sources indicate the scope includes jetty construction, material handling systems, and structural works—likely tied to RIL’s ongoing expansion in the western coastal belt.

 

Key Highlights:

 

Contract Value: ₹175 crore

Client: Reliance Industries Ltd

Scope: Likely includes marine infrastructure and EPC works

Funding: Backed by LOC issued by RIL, ensuring financial security and execution confidence

Strategic Fit: Aligns with Afcons’ core strengths in marine, oil & gas, and industrial EPC

Stock Impact: Afcons shares rose 3% following the announcement, reflecting investor optimism

 

This win adds to Afcons’ growing order book, which includes recent projects in metro rail, tunneling, and international marine works. With a strong execution track record and a diversified portfolio, Afcons is well-positioned to capitalize on India’s infrastructure boom and private sector capex revival.

 

Source: Moneycontrol, Economic Times, Mint