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A Big Bet for Afcons
Mint New Delhi
|January 06, 2025
Niche play
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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.
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