Afcons Infrastructure

Afcons Infrastructure Limited
FormerlyAsia Foundations and Construction Limited
Company typePrivate
IndustryInfrastructure
Founded1959
Headquarters,
India
Area served
Worldwide
Key people
Shapoor Pallonji Mistry (Chairman)
RevenueIncrease 12,654 crore (US$1.5 billion) (FY23)[1]
Increase 410 crore (US$49 million) (FY23)[1]
ParentShapoorji Pallonji Group[2]
Websiteafcons.com

Afcons Infrastructure Limited is an Indian multinational construction and engineering company based in Mumbai. The company provides infrastructure services and is involved in the construction of infrastructure projects such as viaducts, flyovers, metros, bridges, pipelines, roads, ports, barrages, oil and gas projects etc.[3][4]

Indian business conglomerate Shapoorji Pallonji Group acquired Afcons from ICICI Bank in 2000.[5] In 2006, there was widespread speculation that Afcons would go public in an IPO but the company did not go through with it.[6]

  1. ^ a b "Afcons Infrastructure Limited: Ratings reaffirmed". ICRA. Retrieved 4 December 2023.
  2. ^ "SP Group-backed Afcons taps 5 i-banks for up to Rs 8,000-crore IPO". Moneycontrol. 27 June 2023. Retrieved 5 July 2023.
  3. ^ "Afcons Infrastructure Limited Company Profile – India | Financials & Key Executives | EMIS". emis.com. Retrieved 30 June 2020.
  4. ^ "Afcons Infrastructure Ltd – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 30 June 2020.
  5. ^ "Shapoorji Buys Out 47% Icici Stake In Afcons". Business Standard. 11 May 2000. Retrieved 5 July 2023.
  6. ^ Zachariah, Reeba (23 December 2006). "Shapoorji Pallonji readies IPO for arm". The Times of India. Retrieved 30 June 2020.