Formerly | Asia Foundations and Construction Limited |
---|---|
Company type | Public |
NSE: AFCONS BSE: 544280 | |
Industry | Infrastructure |
Founded | 1959 |
Headquarters | , India |
Area served | Worldwide |
Key people | Shapoor Pallonji Mistry (Chairman) |
Revenue | ₹13,646 crore (US$1.6 billion) (FY24) [1] |
₹1,583 crore (US$190 million) (FY24) [1] | |
₹449 crore (US$54 million) (FY24) [1] | |
Parent | Shapoorji Pallonji Group |
Website | afcons |
Afcons Infrastructure Limited is an Indian multinational construction and engineering company based in Mumbai. 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. [2] [3] It has been a part of the Shapoorji Pallonji Group since 2000.
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. [4] [5]
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. [4] [5]
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. [6] [4] Shapoorji Pallonji Group eventually increased its stake to over 97% by acquiring shares held by employees. [7] Cyrus Mistry served as chairman from 2003 until 2012, when he was succeeded by his brother Shapoor Mistry. [5]
Ircon International, or Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specialized in transport infrastructure. The public sector undertaking was established in 1976, by the Indian Railways under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Limited, a wholly owned entity of the Indian Railways. Its primary charter was the construction of railway projects in India and abroad. Ircon has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world, the name was changed to Indian Railway International Ltd. in October 1995.
The Airoli Bridge is a bridge in the Mumbai Metropolitan Region of India. It was constructed to establish a direct road link between Mumbai and Navi Mumbai.
The Jammu–Baramulla line is a railway track being laid to connect the Kashmir Valley in the Indian union territory of Jammu and Kashmir with Jammu railway station and thence to the rest of the country. The 338 km railway track will start from Jammu and end at Baramulla. It comes under the jurisdiction of the Firozpur railway division of Indian Railways's Northern zone. Part of this railway route from Udhampur to Baramulla is known as Udhampur-Srinagar-Baramula Rail Link (USBRL). The 359 m (1,178 ft) high Chenab Bridge lies on this line, which is the highest railway bridge in the world. The total project cost in 2022 was INR28,000 crore. Construction of the route faced natural challenges including major earthquake zones, extreme temperatures and inhospitable terrain.
Hindustan Construction Company Limited(HCC) is an Indian multinational engineering and construction company headquartered in Mumbai, Maharashtra, India. The company was founded by Industrialist Seth Walchand Hirachand in 1926.
The Chenab Rail Bridge is a steel and concrete arch bridge carrying a single-track railway line, located between Bakkal and Kauri in the Reasi district of the Jammu Division of Jammu and Kashmir, India. The bridge spans the Chenab River at a height of 359 m (1,178 ft) above the river, making it the world's highest rail bridge and the world's highest arch bridge. The bridge was fully completed and was inaugurated in August 2022. It is built between the Sangaldan Railway Station and the Reasi Railway Station.
Expressways are the highest class of roads in India. As of December 2024, the total length of expressways in India was 5,930 km (3,680 mi), with 11,127.69 km (6,914.43 mi) under construction. As per NHAI and Indian Roads Congress, expressways are access controlled highways with a divided carriageway, designed for high speed vehicular movement and heavy traffic. There is a central reservation or median that separates the flow travelling in opposite directions. Entrance and exits are provided only by grade separated interchanges. The interchanges may be system interchanges used with other national or state highways or be service interchanges used with smaller roads. In contrast, National highways may or may not be divided by a median and may or may not have access control. Some highways, built by State Governments, which may be fully access controlled or may be limited access controlled, are declared or named as expressways by their respective State Governments.
The Kanpur Metro is a mass rapid transit (MRT) system in the Kanpur, Uttar Pradesh, India. The metro is owned and operated by the Uttar Pradesh Metro Rail Corporation (UPMRC) and it partially opened within 2 years of construction starting in 2019 making it the fastest constructed mass rapid transit system in the world.
The Barakhamba Road metro station is located on the Blue Line of the Delhi Metro. It was constructed by the Shapoorji Pallonji Group.
Line 2 is a rapid transit metro line of the Kolkata Metro in Kolkata, West Bengal, India. It currently consists of two distinctly operational sections from Salt Lake Sector-V to Sealdah, and Esplanade to Howrah Maidan by going underneath the Hooghly River. A future eastern extension from Sector-V to Teghoria is planned. It will cover a distance of 22 km (14 mi) and consist of 17 stations from Teghoria (Haldiram) in the east to Howrah Maidan in the west, of which it will consist of 11 elevated and 6 underground stations, and the operational section consists of 6 elevated and 6 underground stations, with a total distance of 13.1 km (8.1 mi). It is expected to derive a very high ridership, since it will connect India's two largest commuter railway and long-distance railway terminals, Howrah and Sealdah, along with two of its largest business districts, BBD Bagh and Salt Lake Sector V. At present, more than 100,000 passengers commute through the line every day, and this figure is expected to go up to 1 million after it gets fully completed by 2035. It will also connect the industrial hub of Kolkata, i.e., Howrah and the IT hub of Kolkata, i.e., Salt Lake Sector-V. It connects Line 1 at Esplanade and will eventually connect Lines 3 and 6.
Cyrus Pallonji Mistry was an Indian-born Irish billionaire businessman. He was the chairman of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second not to bear the surname Tata. In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December that year. In October 2016, the board of Tata Group's holding company, Tata Sons, voted to remove Mistry from the post of chairman. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020. Mistry had filed a cross-appeal in the court, seeking explanations for anomalies in the NCLAT. However, the Supreme Court upheld his dismissal.
Shapoorji Pallonji & Company Private Limited (SPCPL), trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. Its primary business interests include construction and engineering, infrastructure, real estate, energy, and textiles, among others. The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.
Nandni tunnels are the series of four highway tunnels built inside the Nandni Wildlife Sanctuary on NH44 Jammu–Srinagar National Highway in Jammu and Kashmir in India. Built between Jammu and Udhampur cities with a combined length of 1.4 km, the tunnels have reduced distance and travel time between Jammu and Srinagar by bypassing 6.8 km of rugged mountainous area with 3.6 km of straight bridges and tunnels.
The Anji Khad bridge is a cable-stayed bridge connecting the Katra and Reasi sections of the Udhampur-Srinagar-Baramulla-Rail-Link (USBRL) in the Jammu Division of Jammu and Kashmir, India.
Reasi railway station is a railway station in Reasi district, Jammu and Kashmir. Its code is REAI. It will serve Reasi city. The station consists of two platform. The station lies on Jammu-Baramulla line. Reasi station is 17 km from Shri Mata Vaishno Devi Katra railway station. The railway line has been completed.
East West Metro Tunnel is an underwater river tunnel of Kolkata Metro in Kolkata, West Bengal. The river tunnel is constructed underneath Hooghly River. It is the biggest underwater river tunnel of India, which is made for metro rail service. The East West Metro Tunnel length is 10.8 km (6.7 mi) and width is 5.5 metres. A 520 m stretch of the tracks goes through a tunnel under the Hooghly River. The roof of the tunnel is about 30 metres from the ground level. The tunnel was completed in 2021. The tunnel is used by East West Metro Line for metro rail service by Kolkata Metro Rail Corporation and it was constructed by Afcons Infrastructure.
The Samruddhi Mahamarg or Nagpur-Mumbai Expressway and Maharashtra Expressway-2 (ME-2), is a partially opened 6-lane wide, 701-km long access-controlled expressway in Maharashtra, India. It is amongst the country's longest greenfield road projects, which will connect the two capital cities of the state, its capital, Mumbai, and its third-largest and alternate capital city, Nagpur. This project was the brainchild of Devendra Fadnavis and was conceptualised by him when he was chief minister of the state back in 2015. It is being led by the state infrastructure arm Maharashtra State Road Development Corporation (MSRDC), and is designed under the Engineering, Procurement and Construction (EPC) model.
Gopalpur port is a deep sea port of Gopalpur near Brahmapur city in Ganjam District, Odisha, India. The port has been developed on the banks of the Bay of Bengal. The seaport will increase the sea trade of Odisha, as well as industry and employment.
Titagarh Rail Systems Limited, is an Indian rolling stock manufacturer. Established in 1984 as a rolling stock foundry unit, the company's headquarters are situated in Kolkata, West Bengal. Titagarh is publicly traded on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Ram Jhula consists of two parallel cable-stayed railway over-bridges in Nagpur, India. The 606.74 metres (1,990.6 ft) long bridge crosses the railway tracks north of Nagpur Junction railway station. The Blue Line of the Nagpur Metro runs along the centre of the bridge on the eastern side.
Texmaco Rail & Engineering Ltd. is a private engineering and infrastructure company of Adventz Group based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services. The company is headquartered in Kolkata, West Bengal. The company manufactures coaches for the Indian Railways and many other private firms.