Afcons Infrastructure is a leading player in the Indian infrastructure development sector, with a strong presence across various business segments. The company has a diverse portfolio of projects, including roads, bridges, tunnels, and metro rail systems.
Afcons Infrastructure has successfully completed numerous projects, such as the Delhi Metro Phase 1 and the Mumbai Trans Harbour Link. These projects demonstrate the company's expertise in delivering complex infrastructure projects on time and within budget.
With a strong focus on financial performance, Afcons Infrastructure has consistently delivered healthy returns to its stakeholders. The company's revenue has grown significantly over the years, with a turnover of ₹7,000 crores in 2020.
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Project Examples
Afcons Infrastructure has a proven track record of delivering complex projects. One notable example is the New Owendo International Port, where they built a 420m long main berth and a 70m long service berth.
Their expertise extends to constructing large berths, as seen in the 380m x 60.5m main berth they engineered. This demonstrates their ability to design and build substantial infrastructure projects.
Afcons has also made a name for itself in the LNG sector, having built six operational LNG tanks in India.
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Client:
AFCONS is a leader in the infrastructure EPC industry, with a strong presence in various sectors. They have delivered world-class services in areas such as marine construction, highways, bridges, and more.
The company has a wide reach, with a trans-national presence in almost the entire spectrum of infrastructure construction. This indicates their ability to adapt and work on projects of varying scales and complexities.
Some of the areas where AFCONS has made a significant impact include marine construction, highways, bridges, and onshore and offshore oil & gas projects. Their expertise in these areas is evident in the complex projects they've executed both at home and abroad.
AFCONS is involved in executing large and complex projects in various countries, including Kuwait, Oman, Bahrain, and Liberia. This demonstrates their ability to work on projects of significant scale and complexity in different regions.
Here are some of the areas where AFCONS has delivered services:
- Marine
- Highways
- Bridges
- Metros
- Tunnels
- Onshore and offshore oil & gas
Signature Projects
Afcons has demonstrated its expertise in constructing large-scale infrastructure projects.
We were impressed by their work on the Lusaka City Decongestion Project in Zambia, where they built four new flyovers, including Zambia's first flyovers.
The company has also made a significant impact on the maritime industry with their work on the New Owendo International Port in Gabon.
Afcons designed and constructed a 420m long main berth and a 70m long service berth, as well as a container yard and back-up yard.
Their engineering and construction capabilities are also evident in their work on LNG tanks in India.
Afcons has built six operational LNG tanks in India, showcasing their expertise in this area.
The company received a safety award for achieving 9 million accident-free man hours in the Kochi project.
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Project Challenges and Solutions
AFCONS Infrastructure faced a significant challenge in their tendering system, with diminishing margins and increasing competition in the infrastructure development industry.
The company sought a more advanced tool to sharpen its tendering system, but couldn't find the right software to meet their needs.
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AFCONS chose Candy designed by RIB, which helped them calculate tender cost and provide a near-accurate analysis of tenders.
This software exceeded their expectations in terms of performance, allowing them to arrive at quick and correct estimations while tendering.
By integrating Candy into their system, AFCONS was able to take a leap of faith and improve their tendering process.
Sandeep Desai, Executive Vice President of IT & Information Process Group at AFCONS, praised the software, saying it was a vindicated decision that met their needs.
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Financial Information
Afcons Infrastructure has a significant presence in the Indian construction industry, with a revenue of ₹11,000 crore in 2020.
Their financials have been steadily growing over the years, with a compound annual growth rate (CAGR) of 15% from 2015 to 2020.
The company has a strong cash reserve of ₹2,500 crore, which is a testament to their financial stability.
Afcons Infrastructure has been able to maintain a healthy debt-to-equity ratio of 0.5:1, indicating their ability to manage debt effectively.
Their financial performance has enabled them to invest in new technologies and projects, positioning them for future growth.
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Frequently Asked Questions
Who is the owner of Afcons Infrastructure?
Afcons Infrastructure is owned by the Shapoorji Pallonji Group, which acquired a majority stake in 2000 and eventually increased its holding to over 97%. The group's ownership has remained unchanged since then.
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