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July 06, 2015 10:55 PM ET

Construction and Engineering

Company Overview of AFCONS Infrastructure Limited

Company Overview

Afcons Infrastructure Limited engages in the construction business in India and internationally. The company constructs marine and industrial structures, including jetties, wet basins, dry docks, breakwater, slipways, wharves, and intake/outfalls, as well as LNG tanks; and executes general civil engineering works, including industrial buildings, such as workshop, dry dock complexes, cooling water pump houses, and shopping malls, as well as the work of turbine buildings, tunnels/trenches, and D.M. plants and associated civil works for Nuclear Power Corporation. It also builds bridges, flyovers, viaducts, and elevated corridors, as well as undertakes highway constructions, including road works...

Afcons House

16, Shah Industrial Estate

Veera Desai Road

Azadnagar, Andheri (West)

Mumbai,  400053

India

Founded in 1959

1,473 Employees

Phone:

91 22 6719 1000

Fax:

91 22 2673 0047

Key Executives for AFCONS Infrastructure Limited

Managing Director, Vice Chairman, Chairman of Corporate Social Responsibility Committee, Member of Committee of Directors, Member of Compensation (ESOP) Committee and Member of Fully Convertible, Non- Cumulative, Non-Participatory Preference Shares Committee
Age: 57
Executive Vice President of Operations
Age: 75
Executive Vice President of Operations
Age: 59
Executive Vice President and Director of Operations
Age: 75
Executive Vice President of Contracts
Age: 65
Compensation as of Fiscal Year 2015.

AFCONS Infrastructure Limited Key Developments

AFCONS Infrastructure Limited Wins Contract for Arcelormittal Phase II Expansion at Tokadeh Mines

AFCONS INFRASTRUCTURE Limited announced that it was awarded the contract to undertake the construction works for ArcelorMittal Phase II Expansion at Tokadeh Mines, is on theirway out of the country. AFCONS was initially contracted to complete a concentrator plant, a power plant and other infrastructure that were vital for ArcelorMittal to expand her production capacity from 4 million tons to 15 million tones by December 2015. However, during the heat of the Ebola crisis, AFCONS was one of several ArcelorMittal subcontractors who filed a force majeure and left the country. While AFCONS was out, the price of iron dropped considerably, and apparently ArcelorMittal, in a cost- saving measure move, decided to postpone the Phase II project. Two months ago, sources say, AFCONS was in negotiation with its former employees and reached an agreement to pay them 1½ months' salary. Since then the company has reportedly been gathering its assets (trucks, yellow machines etc) for shipment out of the country.

Afcons Infra Wins Marine Project in Kuwait

Afcons Infrastructure bagged a INR 5,670 million marine project in Kuwait. As per the company, it has bagged the project as subcontractor to South Korea-based Daelim Industrial Company. The project, which includes procurement and construction of 1.2 km approach trestle and a loading platform, will be completed in 28 months.

Afcons Infrastructure Bags INR 4,530 Million Contract in Bangladesh

Afcons Infrastructure bagged INR 4,530 million contract in Bangladesh for constructing a railway bridge with approach lines. The scope of the INR 4,530 million project involves doubling of Dhaka-Chittagong railway corridor which is considered to be the backbone of Bangladesh railway infrastructure. The project is expected to be completed in 30 months.

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