Try GOLD - Free
A Big Bet for Afcons
Mint New Delhi
|January 06, 2025
Niche play
-
Afcons's marine & industrial order book has potential to rise from Vadhvan Port orders.
Afcons has successfully executed breakwater construction at Chhara Port in Gujarat. In terms of experience of building a jetty, it has executed Sohar jetty project at one of the deepest ports in Oman.
If Afcons wins some orders for Vadhvan Port, it could swell its already healthy order book. The company's order book has already risen from ₹30,961 crore as of FY24 to ₹34,152 crore at September-end, translating into book-to-bill ratio of 2.7x.
This story is from the January 06, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
IN INDIA'S KNITWEAR CAPITAL, A SURVIVAL ACT
Hit by Trump's tariffs, textile manufacturers in Tiruppur are renegotiating deals while scouting for newer markets
7 mins
October 10, 2025
Mint New Delhi
INDUSIND BANK RATED INDIA INVOLVED BY SKOCH FOR EXCELLENCE IN MSME BANKING
Once upon a spreadsheet, India's MSMEs were drowning in paperwork, late payments and queues that snaked through branch corridors like endless fiscal serpents.
2 mins
October 10, 2025
Mint New Delhi
Lodha faces execution test as H2 turns crucial for sales goal
The first half of fiscal year 2026 (FY26) was modest for realty firm Lodha Developers Ltd, with pre-sales or bookings up 8% year-on-year (yo-y) to ₹9,020 crore.
1 mins
October 10, 2025
Mint New Delhi
Inflation likely fell to 1.5% in Sep
India's retail inflation is likely to have cooled to 1.5% in September from 2.1% in August, mainly due to the statistical effect of a favourable base and easing food prices, according to 19 economists polled by Mint.
1 mins
October 10, 2025
Mint New Delhi
Capital goods shine selectively
The S&P BSE Capital Goods index gained 21% in the previous six months on the back of some key developments.
2 mins
October 10, 2025
Mint New Delhi
Sebi's Ananth Narayan steps down
Ananth Narayan G., the Securities and Exchange Board of India (Sebi) official who led the high-profile investigation of alleged market manipulation by US high-frequency trading firm Jane Street, stepped down on Thursday at the end of his three-year term.
1 min
October 10, 2025
Mint New Delhi
Andreessen Horowitz to open office in Bengaluru
Andreessen Horowitz, one of the world's biggest venture capital funds, is setting up an office in Bengaluru, multiple people familiar with the development said.
2 mins
October 10, 2025
Mint New Delhi
DoT says spectrum price fine, next auction hinges on demand
No telecom service provider (TSP) has approached the government with concerns over the high reserve prices for spectrum, Neeraj Mittal, telecom secretary, said on Thursday.
2 mins
October 10, 2025
Mint New Delhi
Silver ETFs fired up by scarcity, festivals
Silver exchange traded funds or ETFs opened Thursday with a record 10-12% premium to spot prices, underscoring a scramble for the metal as festive buying, industrial use, and investor FOMO (fear of missing out) drove up demand against tight supplies.
2 mins
October 10, 2025
Mint New Delhi
AI BROKE THE INFO BOTTLENECK, BUT VALUE INVESTING STILL DEPENDS ON INSIGHT
In a Bloomberg column, Guy Spier argues that AI has ended the golden age of value investing by removing the old information edge.
3 mins
October 10, 2025
Listen
Translate
Change font size