Afcons Infrastructure Limited is an Indian multinational

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

and

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

company based in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. The company is involved in infrastructure EPC projects such as bridges, flyovers, metros, railway lines, tunnels, highways, ports and marine works, barrages, and oil and gas structures. It has been a part of the

Shapoorji Pallonji Group Shapoorji Pallonji & Company Private Limited (SPCPL), trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. Its primary business interests include construction and engineering, infrastructure, real estate, ener ...

since 2000.

History

The company was founded in 1959 as Rodio Hazarat & Co, a joint venture between Rodio Foundation Engineering of Switzerland and Hazarat & Co of India. In the initial years, the company undertook foundation work of office buildings in Mumbai's then-business district

Nariman Point Nariman Point is a prominent downtown area of Mumbai in Maharashtra, India. Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman Point houses some of India's prestigious business headquarters. B ...

. In 1976, the Swiss partner exited the joint venture by selling its stake to an employees-led consortium, owing to the

Foreign Exchange Regulation Act The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India which was under the guidance of Prime Minister Atal Bihari Vajpayee "to consolidate and amend the law relating to foreign exchange with the objective of faci ...

legislation passed in 1973 which affected its business viability. The company was renamed as Asia Foundations and Construction in the same year. The company later expanded its business interests beyond foundation engineering to include marine construction (jetties, docks and harbours) and transportation works (roads and bridges). In 1997, the company was renamed to Afcons Infrastructure. In the 1990s, the company raised debt funding from

ICICI ICICI Bank Limited is an Indian Multinational Corporation, multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate a ...

, which later converted the debt to equity, obtaining a 47.37% stake by 1998. In 2000, the

acquired a majority stake in Afcons by buying out ICICI's entire stake and an additional 6.59% from promoter Hazarat family. Shapoorji Pallonji Group eventually increased its stake to over 97% by acquiring shares held by employees.

Cyrus Mistry Cyrus Pallonji Mistry (4 July 1968 – 4 September 2022) was an Indian-born Irish billionaire businessman. He was the chairman of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, ...

served as chairman from 2003 until 2012, when he was succeeded by his brother

Shapoor Mistry Shapoorji Pallonji & Company Private Limited (SPCPL), trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. Its primary business interests include construction and engineering, infrastructure, real estate, ener ...

Notable projects

Atal Tunnel Atal Tunnel () is a road tunnel connecting Manali and Keylong. It helps in bypassing the Rohtang Pass, Himachal Pradesh in the eastern Pir Panjal range of the Himalayas. It carries two lanes of National Highway 3. It is the longest highwa ...

* Chhara Port * Chenab Rail Bridge *

Dahej Port Dahej is a cargo port situated on the South-west coast of Gujarat, India in Bharuch district. There is 17.5 million tonnes per year capacity LNG terminal operated by Petronet in Dahej. Port Information General The Port of Dahej is located in t ...

liquid cargo berth * Kolkata Metro Orange Line * Chennai Metro Blue Line *

Airoli Bridge The Airoli Bridge is a bridge in the Mumbai Metropolitan Region of India. It was constructed to establish a direct road link between Mumbai and Navi Mumbai. Structure Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, con ...

* Udhampur–Jammu highway * KR Puram Bridge, Bangalore *

Kanpur Metro The Kanpur Metro is a Rapid transit, mass rapid transit (MRT) system in Kanpur, Uttar Pradesh, India. The metro is owned and operated by the Uttar Pradesh Metro Rail Corporation (UPMRC) and it partially opened within two years of construction ma ...

* East–West Metro Tunnel, Kolkata *

Namma Metro (), also known as Bangalore Metro or Bengaluru Metro, is a rapid transit system serving the city of Bengaluru, the capital city of the States and union territories of India, state of Karnataka, India. It is the Urban rail transit in India#List ...

, Bangalore * New railway bridge adjacent to

Rajendra Setu Rajendra Setu, or Simaria Bridge, is a bridge across the Ganges that was the first to link the northern and southern portions of the state of Bihar. The location of the bridge was based on the work of M. Visvesvaraya, who was more than 90 years ...

on River Ganga in Begusarai, Bihar *

Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...

Chittagong Chittagong ( ), officially Chattogram, (, ) (, or ) is the second-largest city in Bangladesh. Home to the Port of Chittagong, it is the busiest port in Bangladesh and the Bay of Bengal. The city is also the business capital of Bangladesh. It ...

railway corridor doubling *

Ram Jhula Ram Jhula () is an iron suspension bridge across the river Ganges, located north-east from the center of the city of Rishikesh in the Indian state of Uttarakhand. The bridge connects the Sivananda Nagar area of Muni Ki Reti in the Tehri Gar ...

, Nagpur * Samruddhi Mahamarg Package-14 and Package-02 * Pandoh-Takoli * T49 Tunnel, Jammu & Kashmir * Vembanad Rail Bridge, Kerala *

Agaléga Agaléga () is a dependency of Mauritius, as defined by the Constitution of Mauritius, which consists of two outer islands located in the Indian Ocean, about north of Mauritius Island. Similar to other Mauritian islands such as St. Brandon, ...

Military Base, Mauritius *

Mahatma Gandhi Setu Mahatma Gandhi Setu (also called Gandhi Setu or Ganga Setu) is a bridge over the river Ganga in Bihar, India, connecting Patna in the south to Hajipur in the north. Its length of makes it the fourth-longest river bridge in India. It was inau ...

rehabilitation * Kochi Metro *

Delhi–Meerut Regional Rapid Transit System The Delhi–Meerut Regional Rapid Transit System, also known as Delhi–Meerut RRTS and colloquially Rapid Rail, is a partially operational -long Higher-speed rail, rapid Rail transport, rail that will connect the National Capital Region (NCR) ...

* Saraswati Barrage * Agra–Lucknow Expressway * Thilamalé Bridge, Maldives * Tema-Mpakadan Railway Line, Ghana

References

{{reflist Construction and civil engineering companies of India Companies based in Mumbai Indian companies established in 1959 Construction and civil engineering companies established in 1959 Shapoorji Pallonji Group Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange 2024 initial public offerings