Afcons Infrastructure Limited is an Indian multinational
construction
Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...
and
engineering
Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...
company based in
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
. The company is involved in infrastructure
EPC projects such as bridges, flyovers,
metros, railway lines, tunnels, highways, ports and marine works,
barrages, and oil and gas structures. It has been a part of the
Shapoorji Pallonji Group since 2000.
History
The company was founded in 1959 as Rodio Hazarat & Co, a joint venture between Rodio Foundation Engineering of Switzerland and Hazarat & Co of India. In the initial years, the company undertook
foundation work of office buildings in Mumbai's then-business district
Nariman Point. In 1976, the Swiss partner exited the joint venture by selling its stake to an employees-led consortium, owing to the
Foreign Exchange Regulation Act legislation passed in 1973 which affected its business viability. The company was renamed as Asia Foundations and Construction in the same year.
The company later expanded its business interests beyond foundation engineering to include
marine construction (jetties, docks and harbours) and transportation works (roads and bridges). In 1997, the company was renamed to Afcons Infrastructure. In the 1990s, the company raised debt funding from
ICICI, which later converted the debt to equity, obtaining a 47.37% stake by 1998.
In 2000, the
Shapoorji Pallonji Group acquired a majority stake in Afcons by buying out ICICI's entire stake and an additional 6.59% from promoter Hazarat family.
Shapoorji Pallonji Group eventually increased its stake to over 97% by acquiring shares held by employees.
Cyrus Mistry served as chairman from 2003 until 2012, when he was succeeded by his brother
Shapoor Mistry.
Notable projects
*
Atal Tunnel
* Chhara Port
*
Chenab Rail Bridge
*
Dahej Port liquid cargo berth
*
Kolkata Metro Orange Line
*
Chennai Metro Blue Line
*
Airoli Bridge
*
Udhampur–Jammu highway
*
KR Puram Bridge, Bangalore
*
Kanpur Metro
*
East–West Metro Tunnel, Kolkata
*
Namma Metro
(), also known as Bangalore Metro or Bengaluru Metro, is a rapid transit system serving the city of Bengaluru, the capital city of the States and union territories of India, state of Karnataka, India. It is the Urban rail transit in India#List ...
, Bangalore
* New railway bridge adjacent to
Rajendra Setu on River Ganga in Begusarai, Bihar
*
Dhaka
Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...
-
Chittagong railway corridor doubling
*
Ram Jhula, Nagpur
*
Samruddhi Mahamarg Package-14 and Package-02
* Pandoh-Takoli
* T49 Tunnel, Jammu & Kashmir
*
Vembanad Rail Bridge, Kerala
*
Agaléga Military Base, Mauritius
*
Mahatma Gandhi Setu rehabilitation
*
Kochi Metro
*
Delhi–Meerut Regional Rapid Transit System
*
Saraswati Barrage
*
Agra–Lucknow Expressway
*
Thilamalé Bridge, Maldives
*
Tema-Mpakadan Railway Line, Ghana
References
{{reflist
Construction and civil engineering companies of India
Companies based in Mumbai
Indian companies established in 1959
Construction and civil engineering companies established in 1959
Shapoorji Pallonji Group
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange
2024 initial public offerings