{{short description|Indian construction and engineering company}} {{Use Indian English|date=July 2020}} {{Use dmy dates|date=September 2020}} {{Infobox company | name = Afcons Infrastructure Limited | logo = AFCONS logo.svg | logo_size = 250px | former_name = Asia Foundations and Construction Limited | type = Public | traded_as = {{NSE|AFCONS}}<br>{{BSE|544280}} | industry = Infrastructure | founded = 1959 | hq_location_city = Mumbai, Maharashtra | hq_location_country = India | area_served = Worldwide | key_people = Shapoor Pallonji Mistry <small>(Chairman)</small> | revenue = {{up}} {{INRconvert|13646|c}} (FY24)<ref name="fy24"/> | operating_income = {{up}} {{INRconvert|1583|c}} (FY24)<ref name="fy24"/> | profit = {{up}} {{INRconvert|449|c}} (FY24)<ref name="fy24">{{cite news |title=Annual Report 2023-24|url=https://www.afcons.com/sites/default/files/2024-07/Full%20-%20Afcons%20Annual%20Report%202024_Low_0.pdf|access-date=28 September 2024 |work=Afcons}}</ref> | parent = Shapoorji Pallonji Group | website = {{URL|https://afcons.com}} }}
'''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.<ref>{{Cite web|title=Afcons Infrastructure Limited Company Profile – India {{!}} Financials & Key Executives {{!}} EMIS|url=https://www.emis.com/php/company-profile/IN/Afcons_Infrastructure_Limited_en_2586695.html|access-date=30 June 2020|website=emis.com}}</ref><ref>{{Cite web|title=Afcons Infrastructure Ltd – Company Profile and News – Bloomberg Markets|url=https://www.bloomberg.com/profile/company/6595396Z:IN|access-date=30 June 2020|website=Bloomberg.com}}</ref> 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.<ref name="gold">{{cite news |title=Afcons’ golden moment |url=https://businessindia.co/magazine/afcons-golden-moment |access-date=28 September 2024 |work=Business India |date=15 November 2009 |language=en}}</ref><ref name="cyrs">{{cite news |last1=Lall |first1=Pavan |title=The company that Cyrus built |url=https://www.fortuneindia.com/people/the-company-that-cyrus-built/100391 |access-date=28 September 2024 |work=Fortune India |date=9 August 2015 |language=en}}</ref>
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.<ref name="gold"/><ref name="cyrs"/>
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.<ref>{{cite news |title=Shapoorji Buys Out 47% Icici Stake In Afcons |url=https://www.business-standard.com/article/specials/shapoorji-buys-out-47-icici-stake-in-afcons-100051101073_1.html |access-date=5 July 2023 |work=Business Standard |date=11 May 2000}}</ref><ref name="gold"/> Shapoorji Pallonji Group eventually increased its stake to over 97% by acquiring shares held by employees.<ref>{{Cite web|date=December 23, 2006|first=Reeba|last=Zachariah|title=Shapoorji Pallonji readies IPO for arm|url=https://timesofindia.indiatimes.com/business/india-business/Shapoorji-Pallonji-readies-IPO-for-arm/articleshow/903974.cms|access-date=30 June 2020|website=The Times of India|language=en}}</ref> Cyrus Mistry served as chairman from 2003 until 2012, when he was succeeded by his brother Shapoor Mistry.<ref name="cyrs"/>
==Notable projects== {{multiple image | direction = vertical | align = right | image1 = Chenab Rail Bridge, Reasi district, Jammu and Kashmir, India.jpg | image2 = Atal Tunnel 01.jpg | image3 = Nagpur-Metro.webp | caption1 = Chenab Rail Bridge in Jammu division | caption2 = North portal of Atal Tunnel, at an altitude of 10,075 ft | caption3= Nagpur's four-level corridor comprising underpass, railway line, highway and metro<ref>{{cite news |title=A first in India: Nagpur’s 4-level transport corridor |url=https://www.mid-day.com/mumbai/mumbai-news/article/a-first-in-india-nagpurs-4-level-transport-corridor-23259194 |access-date=16 October 2024 |work=Mid-Day |date=6 December 2022 |language=en}}</ref> }} * Tunnels such as Atal Tunnel,<ref>{{cite news |last1=Bisht |first1=Gaurav |title=9-km-long Atal Tunnel an engineering marvel |url=https://www.hindustantimes.com/cities/9-km-long-atal-tunnel-an-engineering-marvel/story-hxYuskhbvkFAmQK1uQD1YK.html |access-date=13 February 2025 |work=Hindustan Times |date=2 October 2020 |language=en-us}}</ref> East–West Metro Tunnel (Kolkata),<ref>{{Cite news|date=22 March 2010|title=Afcons to build India's first underwater train tunnel, Bags Rs 938-Cr Project From Kolkata Metro Railway|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/transportation/railways/afcons-to-build-indias-first-underwater-train-tunnel-bags-rs-938-cr-project-from-kolkata-metro-railway/articleshow/5710331.cms|access-date=30 June 2020}}</ref> USBRL T49 tunnel,<ref>{{cite news |last1=Shaikh |first1=Mustafa |title=T49 tunnel, longest railway tunnel, in J-K to soon become pride of the nation |url=https://www.indiatoday.in/india/story/t49-tunnel-longest-railway-tunnel-jk-2301440-2022-11-25 |access-date=22 July 2025 |work=India Today |date=25 November 2022 |language=en}}</ref> and Thane Creek undersea bullet train tunnel<ref>{{cite news |title=Afcons awarded Rs 6,397 crore bullet train tunnel tender |url=https://economictimes.indiatimes.com/industry/transportation/railways/afcons-awarded-rs-6397-crore-bullet-train-tunnel-tender/articleshow/100854852.cms |access-date=22 July 2025 |work=The Economic Times |date=9 June 2023}}</ref>
* Bridges such as Chenab Rail Bridge,<ref>{{Cite web |title=Chenab Bridge, Jammu and Kashmir, India |url=https://www.railway-technology.com/projects/chenab-bridge-jammu-kashmir/ |access-date=2023-05-03 |website=Railway Technology |language=en-US}}</ref> Tiger Valley Bridge<ref>https://www.constructionworld.in/transport-infrastructure/highways-and-roads-infrastructure/afcons---navayuga-set-world-records-with-missing-link-expressway/90926</ref>, Airoli Bridge, KR Puram Bridge (Bangalore), Ram Jhula (Nagpur), Vembanad Rail Bridge (Kerala), Mahatma Gandhi Setu rehabilitation (Bihar),<ref>{{cite news |title=India's longest steel bridge Mahatma Gandhi Setu to be fully functional by June 7th |url=https://economictimes.indiatimes.com/news/new-updates/indias-longest-steel-bridge-mahatma-gandhi-setu-to-be-fully-functional-by-june-7th/articleshow/91859612.cms |access-date=13 February 2025 |work=The Economic Times |date=31 May 2022}}</ref> and Thilamalé Bridge (Maldives)
* Port and marine projects including Dahej Port liquid cargo berth, Kochi LNG Terminal,<ref>{{cite news |title=Afcons eyes bigger role in LNG terminals |url=https://www.business-standard.com/article/companies/afcons-eyes-bigger-role-in-lng-terminals-114021200436_1.html |access-date=22 July 2025 |work=Business Standard |date=12 February 2014}}</ref> Chhara Port breakwater, and Sohar Port jetty (Oman)<ref>{{cite news |last=Joshi|first=Manish|title=Vadhvan Port a big bet for Afcons |url=https://www.pressreader.com/india/mint-chennai/20250106/281762749891196 |access-date=22 July 2025 |work=Mint |publisher=PressReader.com |date=6 January 2025}}</ref>
* Metro works in Kolkata,<ref>{{Cite web |date=2023-02-20 |title=Afcons Begins Kolkata Metro Line-6's D-Wall Work at Airport |url=https://themetrorailguy.com/2023/02/20/afcons-begins-kolkata-metro-line-6s-d-wall-work-at-airport/ |access-date=2023-06-25 |website=The Metro Rail Guy |language=en-US}}</ref> Chennai,<ref>{{Cite news|date=1 February 2011|title=Afcon Infra bags Rs 2,598-cr Chennai Metro Project|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/afcon-infra-bags-rs-2598-cr-chennai-metro-project/articleshow/7404891.cms|access-date=30 June 2020}}</ref> Kanpur,<ref>{{Cite web|last=Shah|first=Narendra|date=2019-09-07|title=AFCONS Infra wins Rs 676 crore Civil Contract For Kanpur Metro|url=https://www.metrorailnews.in/afcons-infra-wins-rs-676-crore-civil-contract-for-kanpur-metro/|access-date=2020-10-05|website=Metro Rail News|language=en-US}}</ref> Bengaluru, Delhi, Mumbai, Kochi, Nagpur, Ahmedabad, and Delhi–Meerut RRTS
* Highway projects such as Udhampur–Jammu highway, Agra���Lucknow Expressway, and Samruddhi Mahamarg<ref>{{cite web |url=https://www.mahasamruddhimahamarg.com/construction-package14/ |title=Construction Package14 |publisher=Maharashtra Samruddhi Mahamarg |access-date=2023-05-05}}</ref>
*Railway projects including Tema-Mpakadan Railway Line (Ghana)<ref>{{cite news |title=President of Ghana commissions $447-million railway line built by Afcons Infra |url=https://www.moneycontrol.com/news/business/president-of-ghana-commissions-447-million-railway-line-built-by-afcons-infra-12875484.html |access-date=22 July 2025 |work=Moneycontrol}}</ref> and Dhaka-Chittagong railway corridor doubling<ref>{{Cite news|date=8 October 2013|title=Afcons, Ircon JV bags Rs 453-crore contract in Bangladesh|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/afcons-ircon-jv-bags-rs-453-crore-contract-in-bangladesh/articleshow/23727498.cms|access-date=30 June 2020}}</ref>
* Water structures like Saraswati Barrage and Pakal Dul Dam
* Agaléga Military Base (Mauritius)<ref>{{Cite web |last=Jazeera |first=Al |title=Agaléga, a secret base, and India’s claim to power |url=https://interactive.aljazeera.com/aje/2021/island-of-secrets/index.html |access-date=2022-08-18 |website=interactive.aljazeera.com |language=en}}</ref>
== References == {{reflist}}
Category:Construction and civil engineering companies of India Category:Companies based in Mumbai Category:Indian companies established in 1959 Category:Construction and civil engineering companies established in 1959 Category:Shapoorji Pallonji Group Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange Category:2024 initial public offerings Category:Multinational companies headquartered in India