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Afcons Infrastructure Reviews

Mumbai, Maharashtra

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Afcons Infrastructure Limited (AFCONS) is a premier Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. Established in 1959 originally as Rodio Hazarat & Co, a civil construction partnership, the company underwent strategic transitions—including being renamed Asia Foundations and Construction Limited in 1976—before rebranding to its current name in August 1996. Since 2000, it has functioned as the flagship infrastructure arm of the prestigious Shapoorji Pallonji Group, which holds a controlling stake in the enterprise. Publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), the company operates under the leadership of Chairman Shapoor Pallonji Mistry, Executive Vice Chairman K. Subramanian, and Managing Director S. Paramasivan. The operational profile of Afcons is highly diversified and organized across five major infrastructure verticals: Marine & Industrial, Surface Transport, Rail & Metro, Urban Infrastructure, Hydro & Underground, and Oil & Gas. Renowned globally for executing technically challenging and complex civil engineering projects, Afcons maintains a robust transnational footprint spanning over 30 countries across South Asia, Africa, the Middle East, and the CIS region. According to the Engineering News-Record (ENR) surveys, the company frequently ranks among the world’s top international contractors, securing prominent global positions in specialized sectors like marine facilities, bridges, and transportation infrastructure. Over its six-decade legacy, Afcons has built an extensive portfolio featuring more than 350 successfully completed projects. The company possesses an impressive domestic leadership position, having delivered over 190 marine works, multiple LNG tanks, and over 120 kilometers of elevated and underground metro rail networks. It is particularly celebrated for its "extreme engineering" feats, which include the construction of the Atal Tunnel (the world's longest highway tunnel above 10,000 feet), the Chenab Rail Bridge (the world's highest single-arch railway bridge), and India's first underwater metro rail tunnel for the East-West Metro in Kolkata. Financially, Afcons has demonstrated steady operational performance. For the fiscal period ending in 2025, the company reported a total income of approximately INR 13,023 crore, an EBITDA of INR 1,662 crore representing a healthy 12.8% margin, and a Profit After Tax (PAT) of INR 487 crore. Backed by a substantial order book valued at INR 36,869 crore as of mid-2025, the company possesses immense revenue visibility. It employs a large workforce of over 3,400 professionals and has consistently been recognized for its workplace culture, human resource practices, and technical knowledge systems, famously earning the prestigious Most Innovative Knowledge Enterprise (MIKE) award for consecutive years.