Afcons Infrastructure IPO Details, Financials, Valuation & Peers

Afcons Infrastructure Limited is a flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, boasting a legacy of over six decades. Renowned for executing complex and challenging EPC (Engineering, Procurement, and Construction) projects both in India and internationally, Afcons has a substantial track record and a strong presence across Asia, Africa, and the Middle East. The company excels in various infrastructure sectors, maintaining a significant order book and achieving high returns on capital and equity. Afcons is recognized for its innovative project management and dedication to sustainable practices.

Key Points:

• Company Evolution and Legacy:
  • Over six decades of experience in infrastructure engineering and construction.
  • Part of the Shapoorji Pallonji Group, a diversified Indian conglomerate.
• Global Presence and Achievements:
  • 79 projects completed across 17 countries with a cumulative value of ₹563.05 billion. (as of June 30, 2024).
  • 65 ongoing projects in 12 countries, maintaining a robust order book worth ₹317.47 billion.
• Notable Completed Projects:
  1. Chenab Bridge: Tallest single-arch railway bridge in the world (Jammu and Kashmir, India).
  2. Atal Tunnel: World’s longest highway tunnel at high altitude (Himachal Pradesh, India).
  3. MG Setu Bridge: First superstructure replacement project in India (Patna, Bihar, India).
  4. Annaram Barrage: Part of the world's largest multi-stage lift irrigation project (Telangana, India).
  5. Fourth Container Terminal, JNPT: Deepest berths at Jawaharlal Nehru Port (Mumbai, Maharashtra, India).
  6. Zambia – Lusaka City Decongestion Project: Zambia's first flyovers (Lusaka, Zambia).
• Ongoing Landmark Projects:
  1. Kolkata Metro: India’s first underwater metro tunnel (Kolkata, West Bengal, India).
  2. Male to Thilafushi Link Project: Largest infrastructure project in the Maldives.
  3. Mumbai – Ahmedabad High Speed Railway: India’s first undersea rail tunnel.
• Business Verticals:
  • Marine and Industrial: Ports, jetties, LNG tanks, material handling systems.
  • Surface Transport: Highways, roads, railways, mining infrastructure.
  • Urban Infrastructure: Metro works, bridges, flyovers.
  • Hydro and Underground: Dams, tunnels, irrigation.
  • Oil and Gas: Offshore and onshore projects.
• Sustainability and ESG Commitment:
  • Integration of environmental, social, and governance best practices.
  • Over 40 environmental auditors and 250 HSE professionals.
  • Significant reductions in energy consumption and wastewater recycling.
• Parentage and Support:
  • Benefits from the Shapoorji Pallonji Group’s reputation, global presence, and industry experience.
  • Strategic guidance and support from experienced board and management team.