Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater

Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater

Shares of Afcons Infrastructure rallied as much as 9.4% to their day’s high of Rs 346.30 on the BSE on Wednesday after the company announced that it had received a letter of award from Vadhvan Port Project Ltd (VPPL) for the construction of a 10.14-km breakwater at the upcoming Vadhvan Port in Maharashtra.According to the company, the contract is valued at Rs 5,301 crore. Upon completion, the structure is expected to become the second-longest breakwater in the world. The project involves the co…

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