Afcons Infrastructure shares in focus after winning Rs 5,301 crore Vadhvan Port Breakwater Project

Afcons Infrastructure shares are likely to remain in focus tomorrow after the company announced that it has received a Letter of Award (LoA) from Vadhvan Port Project Limited (VPPL) for the construction of a 10.14-kilometre-long breakwater at the upcoming Vadhvan Port in Maharashtra.

The total value of the contract stands at ₹5,301 croremaking it one of the most significant marine infrastructure orders secured by the company. Upon completion, the structure is expected to become the second-longest breakwater in the worldhighlighting the project’s scale and strategic importance.

Commenting on the development, Mr. Krishnamurthy Subramanian, Executive Chairman of Afcons Infrastructure, said the award reflects the company’s proven capability in executing large and complex marine infrastructure projects. He added that the Vadhvan breakwater project will play a key role in supporting India’s ambition of becoming a global maritime hub.

Mr. S. Paramasivan, Managing Director of Afcons Infrastructure, described the contract as a landmark achievement for the company and a demonstration of India’s growing expertise in delivering world-class infrastructure projects. He expressed confidence that successful execution of the project would further strengthen the vision of a developed India under the Viksit Bharat initiative.

Afcons Infrastructure has a strong track record in the marine construction segment. In India, the company has delivered several notable port and marine projects. Globally, it has successfully executed key developments such as the Bulk Jetty at Port of Sohar in Oman, the New Owendo International Port in Gabon, and the Sulphur Jetty project in Kuwait.

The company’s global credentials have also been recognized by the Engineering News-Record (ENR), USA, which ranked Afcons Infrastructure as the 8th largest marine and port facilities contractor in the world.

The Vadhvan Port project is expected to become a major milestone in India’s maritime infrastructure journey. Envisioned as the country’s largest public port and one of the world’s biggest container ports, Vadhvan Port is planned to have a cargo handling capacity of 23.2 million TEUssignificantly boosting India’s trade and logistics capabilities.

The ₹5,301 crore order is expected to strengthen Afcons Infrastructure’s order book and enhance revenue visibility over the coming years, making the stock an important one to watch in the infrastructure and construction sector.