Afcons Infrastructure Secures ₹1274 Crore Song Dam Project in Uttarakhand

Afcons Infrastructure Limited has been awarded a major infrastructure project, marking a significant achievement for the company. Below are the key details:

• Award Announcement:
  Afcons received a Letter of Acceptance on November 21, 2024, from the Uttarakhand Project Development and Construction Corporation Ltd. This confirms their role in constructing the 130.6-meter-high concrete gravity dam and appurtenant works for the Song Dam Project in Dehradun, Uttarakhand.

• Project Scope and Cost:
  The project, valued at ₹1274 crore (excluding GST), will follow the EPC (Engineering, Procurement, and Construction) model and has an expected timeline of 60 months for completion.

• Bidding Process:
  Afcons was declared the lowest bidder (L1) for the project on September 28, 2024. However, since the company was listed on the stock exchange only on November 4, 2024, they were not obligated to disclose this status at the time.

Why This is Significant:

• Industry Expertise:
  Securing this large-scale dam project highlights Afcons’ expertise and reliability in executing complex infrastructure projects.

• Strategic Details:
  The specifics of the project—its cost, duration, and location—underscore the scale and technical challenges involved.

• Regulatory Compliance:
  By disclosing the project award, Afcons fulfills its obligations as a publicly listed company in India.

This development not only strengthens Afcons’ project portfolio but also reinforces its position as a leader in infrastructure development.