Afcons Infrastructure has emerged as the lowest bidder for two infrastructure contracts worth Rs 4,535 crore in Croatia. In an exchange filing, the Shapoorji Pallonji group company said the contracts are offered by Croatian Motorway for road construction.
Afcons Infrastructure said that the first order, worth Rs 2398 crore, pertains to the construction of a 9 KM road, while the second order, worth Rs 2137 crore, is for the construction of an 11.5 KM road in Croatia.
The company said that the construction period for the two roads in the Balkan country is set at a 42-month period.
Work order from Reliance
This is the second order that Afcons Infrastructure has bagged this month. Earlier on July 2, the company received a Letter of Commitment from Reliance Industries for civil and structural construction work at Reliance’s facility in Jamnagar. The construction order from Reliance Industries was worth Rs 175 crore.
Afcons Infrastructure FY25 highlights
The construction order from Croatia is not the first overseas order of Afcons Infrastructure this year. The company has a presence in over 26 countries, primarily in Africa and the Middle East. In the fiscal year 2025, the company completed over 60 projects overseas.
In FY25, Afcons Infrastructure completed construction of over 5100 Lane KM of roads and 195 bridges and flyovers. Furthermore, the company completed the construction of about 150 km of elevated and underground metro tracks.
Afcon Infrastructure posted Rs 497 crore PAT in FY25. The company reported a total income of Rs 13,023 crore in FY25, decreasing by 4.57 per cent on a Year-on-Year basis. While the company saw a decline in its total income in the year, its EBITDA grew by 4.99 per cent. The company posted EBITDA of Rs 1662 crore in FY25.
Afcons Infrastructure’s profit after tax (PAT) grew by 8.2 per cent in the year. Its PAT increased from Rs 450 crore in FY25 to RS 487 crore in FY26.
Afcon Infrastructure saw a YoY decrease in its revenue in the fourth quarter of FY25. The company’s revenue from operations in Q4 decreased from Rs 3636 crore in Q4FY24 to Rs 3,223 crore in Q4FY25, declining by 11.36 per cent.