New Delhi: Shapoorji Pallonji Group’s flagship firm Afcons Infrastructure Restricted (AIL) has bought approval from SEBI to deliver an IPO of Rs 7,000 crore. The corporate works within the subject of infrastructure engineering and building. This IPO will assist the corporate to boost the capital required for enlargement. Afcons is similar firm that constructed the Abu Dhabi temple and Kolkata underwater metro.
AIL had utilized to SEBI for IPO on March 28, 2024. SEBI has given ‘Last Statement’ to the corporate. Which means the corporate is now able to deliver an IPO. This IPO may be as much as Rs 7,000 crore.
Afcons is the flagship agency of Shapoorji Pallonji Group
Shapoorji Pallonji Group is likely one of the main enterprise teams in India. The group has companies in numerous sectors, together with building, actual property, and textiles.
Afcons Infrastructure is the flagship agency of the group. It’s a very massive firm within the building sector. This firm has been working for greater than 60 years. It has constructed many massive tasks in India and around the globe. It has labored in additional than 25 international locations in Asia, Africa and the Center East.
Greater than 350 infrastructure tasks have been accomplished
Afcons has accomplished greater than 350 infrastructure tasks since 1959. It is likely one of the largest corporations within the marine, LNG and metro rail phase in India. This firm has constructed many massive tasks like Mahatma Gandhi Setu, Nagpur Metro, Kanpur Metro, Atal Tunnel. Other than this, Chenab Railway Bridge, two components of Mumbai-Nagpur Expressway, Kolkata’s East-West Metro and Jammu-Udhampur Freeway have additionally been constructed by this firm.
The tasks constructed by Afcons are wonderful examples of engineering. One among these is the Chenab Railway Bridge. It’s the world’s highest railway bridge. Afcons has a superb file of finishing EPC tasks. EPC means engineering, procurement and building. This firm is counted among the many prime engineering and building corporations of India.