Incorporated in 1959, Afcons Infrastructure Limited is an infrastructure engineering and construction company. Afcons Infrastructure Limited is the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate with over six decades of legacy.
Afcons Infrastructure– Quick Overview
| Particular | Details |
| Company Name | Afcons Infrastructure Limited |
| Former Name | Asia Foundations and Construction Limited |
| Type | Public Infrastructure Engineering & Construction Company |
| Industry | Infrastructure, Engineering & EPC Projects |
| Founded | 1959 (as Rodio Foundation Engineering & Hazarat & Co) |
| Headquarters | Mumbai, Maharashtra, India |
| Area Served | India & Worldwide |
| Parent Group | Shapoorji Pallonji Group |
| Chairman | Shapoorji Pallonji Mistry (Chairman Emeritus) |
| Executive Chairman | Subramanian Krishnamurthy |
| Managing Director | Paramasivan Srinivasan |
| Core Business | Engineering, Procurement & Construction (EPC) – bridges, highways, metros, tunnels, marine works, ports & oil & gas structures |
| Major Projects | Atal Tunnel, East-West Metro Tunnel (Kolkata), Chenab Bridge, coastal & marine infrastructure |
| Stock Exchange Listing | Unlisted (plans for IPO) |
| CIN | U45200MH1976PLC019335 |
| Market Position | One of India’s leading infrastructure contractors; ranked globally in marine & port facilities |
| Notable Recognition | First Indian infrastructure company certified as “Great Place to Work” |
| Official Website | afcons.com |
Net Worth and Market Cap
Net income: 12,602 Cr. Market capitalization₹449 crore (US$53 million) increase (FY24)
Business Leadership
The international Indian engineering and construction company Afcons Infrastructure Limited is based in Mumbai. As a joint venture between Hazarat & Co. of India and Rodio Foundation Engineering of Switzerland, the company was founded in 1959 as Rodio Hazarat & Co.
Overview of Services
Bridges, flyovers, metros, railroad lines, tunnels, highways, ports and marine works, barrages, and oil and gas structures are just a few of the infrastructure EPC projects that the business works on. Since 2000, it has been a member of the Shapoorji Pallonji Group.
The core of their business strategy is carrying out intricate, massive EPC (Engineering, Procurement, and Construction) projects in five main verticals:
- A) Marine and Industrial: Projects such as ports, material handling systems, harbor jetties, and LNG tanks.
- B) Surface Transport: This includes roads, railroads, interchanges, and highways.
- C) Urban Infrastructure: Emphasizing flyovers, bridges, elevated corridors, and metro projects.
- D) Hydro and Underground: This category includes water and irrigation projects, tunnels, dams, and underground construction.
- E) Oil and Gas: Managing both onshore and offshore oil and gas initiatives.
Scale of Operations
Later, the company’s business activities went beyond foundation engineering to encompass transportation projects (roads and bridges) and marine construction (jetties, docks, and harbors). The business changed its name to Afcons Infrastructure in 1997. It is the tenth-largest international contractor for port and maritime facilities worldwide, the 12th largest contractor worldwide in the bridge industry, the transportation sector’s 42nd-largest contractor and the 18th-biggest contractor in the aqueducts and transmission lines market.
The company has finished 79 projects in 17 countries during the past 11 years, with a total contract value of Rs. 563.05 billion. It had 65 active projects (i.e., continuing initiatives) in 12 countries as of June 30, 2024.
Afcons has completed projects in 30 nations, including significant building and infrastructure projects in Ghana, Kuwait, Zambia, the Maldives, and other places.
