Afcons Infrastructure Limited receives LOA for BH 05 package of Bhopal Metro Rail project

Afcons Infrastructure Limited has received Letter of Acceptance (LOA) from Madhya Pradesh Metro Rail Co. Ltd formally confirming our selection and the award of the said Project to the Company.

The company was earlier declared the Lowest Bidder (L1) for the construction Package BH 05 of Bhopal Metro Rail Project involving "Part Design and Construction of elevated Viaduct, thirteen (13) elevated Metro Stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha (excluding an Elevated Passenger interchange Metro Rail Station),between chainage 50+000 and 62+915 and access to Depot between Chainages 00+143 and 01+080 for Blue Line".

The Bid Project Cost excluding GST is Rs. Rs. 1006.74 crores.

Shares of Afcons Infrastructure Limited was last trading in BSE at Rs. 540.55 as compared to the previous close of Rs. 522.65. The total number of shares traded during the day was 505947 in over 10262 trades.

The stock hit an intraday high of Rs. 564.40 and intraday low of 534.65. The net turnover during the day was Rs. 278272220.00.

Source : Equity Bulls

Keywords

AfconsInfrastructure INE101I01011 CivilConstruction LOA MadhyaPradeshMetroRailCo