Highlights

• Afcons Infrastructure shares gained during Tuesday’s NSE trading session.
• The company announced selection for a railway project in Croatia.
• The project value stands at approximately INR 7,544 crore excluding taxes.

Afcons Infrastructure Limited (NSE:AFCONS) shares traded higher during the May 12 session on the National Stock Exchange. The stock was trading at INR 332.05 at 13:55 IST, up 1.65% or INR 5.40 from the previous close of INR 326.65.

The stock opened at INR 351.05 and touched an intraday high of INR 359.05 before declining to a low of INR 331.00 during the session.

Source: TradingView

Company Announces Europe Railway Project

Afcons Infrastructure informed exchanges that it received intimation of the client’s decision selecting the company as the most suitable bidder for rehabilitation and construction of a railway line in the Republic of Croatia.

The company stated that the project involves reconstruction of the existing railway track and construction of a second railway track on the Dugo Selo–Novska railway line.

The scope of work also includes overhead electrification, signalling, and telecommunication works.

According to the company, the project is valued at EUR 677.07 million excluding taxes, equivalent to approximately INR 7,544 crore.

Management Commentary on International Expansion

Executive Chairman Krishnamurthy Subramanian stated that the project marks Afcons Infrastructure’s entry into Europe and represents a significant milestone in the company’s international expansion.

Managing Director S Paramasivan said the railway project contributes to the company’s global infrastructure development activities and aligns with India’s “Making for the World” vision.

Trading Activity and Market Capitalisation

The stock recorded a VWAP of INR 342.05 during the trading session.

Afcons Infrastructure shares witnessed intraday volatility after opening significantly above the previous close before paring gains later in the session.

According to the company profile, Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group and has executed EPC projects across India and international markets.

The company stated that it ranks among the top international contractors globally in the latest ENR survey.

Key Risks Investors Monitor

• Execution delays may impact project timelines and profitability.
• Currency fluctuations could affect international project earnings.
• Rising infrastructure costs may pressure operating margins.
• Geopolitical developments may influence overseas project operations.

Summary

Afcons Infrastructure (NSE:AFCONS) shares traded higher after the company announced selection for a railway rehabilitation and construction project in Croatia valued at approximately INR 7,544 crore excluding taxes.

The project marks the company’s entry into Europe and represents its largest international order to date. Investors continue monitoring project execution, overseas expansion, infrastructure demand, and global economic conditions affecting international EPC projects.

FAQs

Q: Why did Afcons Infrastructure shares rise on May 12, 2026?
A: The stock gained after the company announced selection for a Croatia railway project.

Q: What is the value of Afcons Infrastructure’s Croatia railway project?
A: The project is valued at EUR 677.07 million, approximately INR 7,544 crore excluding taxes.

Q: What work is included in the Croatia railway project?
A: The project includes railway reconstruction, second track construction, electrification, signalling, and telecommunication works.