On January 3, 2025, Afcons Infrastructure Limited announced the receipt of a Letter of Intent (LOI) from the Government of India, Ministry of Defence, through the Defence Research and Development Organisation (DRDO). This major contract pertains to the augmentation of MTC, creation of SAF, and the workshop equipment required for the Ship Lift Facility (AMCSWF) at Visakhapatnam, marking a significant milestone for Afcons Infrastructure in the defence sector.

The contract, valued at ₹1084.54 Crore, includes all aspects of the Design & Build (D&B) concept, covering a wide range of works: Civil, Mechanical, Electrical, HVAC, ELV Systems, Furniture & Interiors, and other associated works. This project is crucial for enhancing the infrastructure capabilities of India’s defence sector and aligns with the government’s focus on strengthening its maritime and defence infrastructure.

Afcons Infrastructure’s execution of the project is set for a period of 36 months, reflecting the scale and complexity of the work involved. The contract is domestic in nature, awarded by DRDO, and will not involve any related party transactions. The project is expected to contribute significantly to Afcons’ growth and its position in the defence and infrastructure sectors.

With a proven track record in engineering and infrastructure development, Afcons is poised to deliver the project successfully, leveraging its expertise in handling large-scale, complex infrastructure projects. The company has no existing interest in DRDO, ensuring that the contract is awarded on arms-length terms.

This development is a promising step for Afcons Infrastructure as it further solidifies its capabilities in executing defence-related infrastructure projects, which are vital to the nation’s security and technological advancement.

Stay updated on Afcons Infrastructure’s latest ventures and developments by exploring more about the company’s projects and business strategies.

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