AFCONS

** Afcons Infrastructure AFCN.NS rises 3.87% to 422.45 rupees after Q1 PAT jumps 50% y/y

** Co's revenue rises 6.4%, benefiting from robust national spending on infra

** Core profit came in above expectations, Jefferies and DAM Capital say, citing strong execution of higher-margin orders

** Jefferies adds Afcons' target markets abroad are largely unaffected by tariff-related uncertainty, while domestic pipeline remains strong

** DAM Capital says co's substantial order backlog provides revenue growth visibility in the range of 20-25% for fiscal 2026

** YTD, AFCN down 22.5%

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Afcons Infrastructure Ltd AFCN.NS rise as much as 3.7% to 434.3 rupees
** Infra co declared the lowest bidder by HŽ Infrastructure Ltd for construction of a railway line in the Republic of Croatia
** Adds, estimated value of contract is 68 bln rupees ($788.5 mln)
** Stock on track to gain for third straight day
** More than 2.2 mln shares traded as of 9:53 a.m. IST, 1.7x their 30-day moving avg
** Mean rating of stock is "strong buy"; their median PT is 560 rupees - data compiled by LSEG
** AFCN last up 2%, cutting YTD losses to 23.2%

($1 = 86.2350 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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July 21 (Reuters) - Four companies submitted bids for the rebuilding of an 83-km railway and construction of a new track in central Croatia, the country's largest rail project ever estimated to cost 620 million euros ($725 million), a state infrastructure operator said on Monday.

The reconstruction of the Dugo Selo-Novska railway track will be financed with European Union funds, HZ Infrastruktura said on its website.

A consortium of Ashoka Buildcon Ltd ABDL.NS, Serneke International Group AB and Konkan Railway Corp Ltd offered to perform the work for 780 million euros, HZ Infrastruktura said.

Afcons Infrastructure Ltd AFCN.NS has submitted a 677-million-euro bid, while Turkish companies Dogus Insaat ve Ticaret Anonim Sirketi and Cengiz Insaat Sanavi ve Ticaret A.S. have bid 990 million and 873 million euros respectively.

The bids will be evaluated in a timeframe provided by law and a contract signed after the selection of the economically most favourable offer, HZ Infrastruktura said. It is estimated that the works will last nearly six years.

($1 = 0.8592 euros)

(Reporting by Daria Sito-Sucic; Editing by Dale Hudson)

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** Shares of Afcons Infrastructure AFCN.NS rise as much as 5.6% to 437 rupees, logging biggest intraday pct gain since May 13

** Construction co emerges as lowest bidder for two road construction packages in Croatia

** Total contract value stands at 455 mln euros ($528.85 mln)

** Stock rated "Strong Buy" on an avg; median PT is 560 rupees, per data compiled by LSEG

** Stock down 18% YTD

($1 = 0.8604 euros)

(Reporting by Rudra Pratap Singh in Bengaluru)

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July 17 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• DECLARED LOWEST BIDDER IN TWO DIFFERENT PACKAGES BY CROATIAN MOTORWAYS

• PACKAGE J324/23 CONTRACT VALUED AT EURO 240.6 MILLION

• PACKAGE J325/23 CONTRACT VALUED AT EURO 214.5 MILLION

Source text: ID:nBSE6yh0Vz

Further company coverage: AFCN.NS

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** Shares of India's Afcons Infrastructure AFCN.NS rise 2% to 444 rupees

** Construction company receives 7 billion rupees ($81.7 mln) order from Reliance Industries RELI.NS

** Construction work order for Reliance's vinyl projects at Dahej in Gujarat - Afcons

** Stock rated "Strong Buy" on an avg; median PT is 560 rupees, per data compiled by LSEG

** More than 1.5 mln shares traded, 1.4x 30-day moving avg

** Stock down 18% YTD

($1 = 85.6800 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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May 23 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD MARCH-QUARTER CONSOL NET PROFIT 1.11 BILLION RUPEES

• AFCONS INFRASTRUCTURE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 32.23 BILLION RUPEES

• AFCONS INFRASTRUCTURE LTD - DIVIDEND 2.5 RUPEES PER SHARE

• AFCONS INFRASTRUCTURE LTD - TO BORROW FUNDS UPTO 7.5 BILLION RUPEES

• AFCONS INFRASTRUCTURE- TO ISSUE NCDS/BONDS/OTHER INSTRUMENTS ON PRIVATE PLACEMENT BASIS

Source text: [ID:]

Further company coverage: AFCN.NS

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March 21 (Reuters) - ** Afcons Infrastructure AFCN.NS rises 2.3% to seven-week high of 480.85 rupees; set for third day of gains

** IIFL Capital starts with "buy", PT of 554 rupees

** Says co's existing 486 bln-rupee order book (including L1 position) and stable government infra spends provide strong growth visibility

** Expects revenue and profit to grow at compounded annual rate of 20% and 24%, respectively, over FY25-FY27

** Adds margins rose steadily due to larger size, complexity of projects and will sustain going ahead

** Stock rated "strong buy" on avg; median PT is 570.50 rupees, per data compiled by LSEG

** AFCN up 4% from IPO price of 463 rupees when it debuted on November 4, 2024, but down 12% YTD

(Reporting by Vivek Kumar M)

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** Shares of Afcons Infrastructure AFCN.NS slide 7.4% to 412 rupees, lowest since Nov 4 trading debut

** Stock now down 11.5% vs IPO price of 463 rupees

** Income tax officials conducting survey at AFCN offices in Mumbai and Delhi, CNBC Awaaz reported

** Afcons, the flagship of conglomerate Shapoorji Pallonji Group, did not respond to a Reuters request for comment

(Reporting by Sethuraman NR in Bengaluru)

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Feb 3 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - GETS PENALTY ORDER FOR 388.2 MILLION RUPEES

Source text: ID:nBSE4K2f9g

Further company coverage: AFCN.NS

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Feb 1 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• GETS TAX ORDER WITH PENALTY OF 143.9 MILLION RUPEES

Source text: ID:nBSE4WtZ30

Further company coverage: AFCN.NS

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Jan 29 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• RECEIVES LETTER OF AWARD FOR ORDER WORTH 12.83 BILLION RUPEES

Source text: ID:nBSE9H4Yfm

Further company coverage: AFCN.NS

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Jan 13 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - EMERGES AS L1 BIDDER FOR PUNE RING ROAD PACKAGES

• AFCONS INFRASTRUCTURE LTD - TOTAL BID COST FOR PROJECTS IS 47.87 BILLION RUPEES

Source text: ID:nBSErBHYk

Further company coverage: AFCN.NS

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Jan 8 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - TAX AUTHORITY DEMANDS 14.4 MILLION RUPEES

Source text: ID:nBSE6T6Q0W

Further company coverage: AFCN.NS

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** Shares of recently listed Afcons Infrastructure AFCN.NS rise as much as 6.6% to a record high of 570 rupees

** Construction engineering co gets order worth 10.85 bln rupees ($126.56 mln) from Defence Research and Development Organisation

** Order for designing and building civil, mechanical, electrical, HVAC, ELV systems, furniture and interiors

** More than 4.2 mln AFCN shares traded; 1.5x its 30-day avg

** Stock last up 3.5%, has risen 30% since its market debut in Nov. 2024

($1 = 85.7290 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Dec 31 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE - GETS TAX DEMAND OF 51.09 MILLION MZN AND PENALTY OF 5 MILLION MZN

Source text: ID:nNSE8Hd9Qm

Further company coverage: AFCN.NS

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** Shares of construction engineering company Afcons Infrastructure AFCN.NS rise 4.9% to 548 rupees

** Co gets order worth 10.07 bln rupees ($118.7 mln) from Madhya Pradesh Metro Rail Co

** Order for design and construction of elevated viaduct and 13 elevated metro stations for Bhopal metro rail project

** AFCN up ~29% since listing in November

($1 = 84.8250 Indian rupees)

(Reporting by Vijay Malkar)

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Nov 21 (Reuters) - Afcons Infrastructure Ltd AFCN.NS:

• AFCONS INFRASTRUCTURE LTD - GOT LETTER OF ACCEPTANCE FOR PROJECT BID OF 12.74 BILLION RUPEES

Source text: ID:nBSE9Q64h6

Further company coverage: AFCN.NS

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** Afcons Infrastructure AFCN.NS slips as much as 9.2% to 420.25 rupees on its first day of trading

** Stock opened at 426 rupees, 8% lower than its IPO price of 463 rupees

** Listing performance reflects cautious market outlook - Shivani Nyati, head of wealth at Swastika Investmart

** Indian benchmarks .NSEI, .BSESN down 1.4% each on the day .BO

** Shapoorji Pallonji group-owned firm raised 12.5 bln rupees ($148.7 mln) via new share sales, while investors sold shares worth 41.8 bln rupees

** Afcons to use proceeds to buy equipment, fund long term working capital needs and repay debt

** IPO was oversubscribed by 2.63 times, per exchange data

** Stock last down 2.6%

($1 = 84.0740 Indian rupees)

(Reporting by Hritam Mukherjee and Bharath Rajeswaran in Bengaluru)

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