Afcons Infrastructure Limited, a leading infrastructure development company, has been awarded a prestigious contract by the Defence Research and Development Organisation (DRDO) under the Ministry of Defence, Government of India. This contract, valued at ₹1,084.54 crore (inclusive of GST), involves the execution of critical infrastructure development at Visakhapatnam.

Project Overview:

The project focuses on the augmentation of MTC (Material Transfer Centre), the creation of SAF (Ship Assembly Facility), and the installation of advanced workshop equipment for the ship lift facility (AMCSWF). The contract has been structured on a Design & Build (D&B) basis, ensuring a comprehensive approach to civil, mechanical, electrical, HVAC, ELV systems, furniture, and interiors.

Key Features:

• Value and Scope: The project is valued at ₹1,084.54 crore, reflecting its significant scale and strategic importance.
• Execution Timeline: The contract will be completed within a strict timeline of 36 months, showcasing Afcons' capability to handle large-scale, time-sensitive projects.
• Technological Integration: A multidisciplinary approach incorporating state-of-the-art systems and technologies will be employed for efficient project execution.

Strategic Importance:

This contract aligns with India's vision of bolstering its defence infrastructure, particularly in maritime capabilities. The ship lift facility at Visakhapatnam will play a crucial role in enhancing operational efficiency for naval and shipbuilding activities.

Compliance and Transparency:

Afcons has confirmed that there is no related party involvement or conflict of interest in the award of this contract. The project represents a domestic endeavour to strengthen indigenous infrastructure.

About Afcons Infrastructure:

Headquartered in Mumbai, Afcons Infrastructure Limited is a leader in engineering and construction, known for delivering world-class projects across various domains, including transportation, marine infrastructure, and urban development.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp, B R Goyal.

The Current active IPO is   Fabtech Technologies, Leo Dry Fruits, Davin Sons, and Parmeshwar Metal.