Company Profile
Afcons Infrastructure Limited (AIL), incorporated in 1976 as Asia Foundations and Constructions Limited, is a reputed construction company and is part of the Shapoorji Pallonji Group (SPG). The SPG presently holds the majority stake in AIL. The company operates in several segments such as marine works including construction of jetties and dry docks, offshore oil & gas, bridges and flyovers, road construction, hydro & tunnelling, urban infrastructure, pipe laying and general civil engineering works.
AIL commenced operations as a civil construction firm in 1959 and was initially engaged in the construction of specialized foundation activities, such as pile foundations, diaphragm walls, geotechnical investigations, drilling and grouting. AIL entered the marine segment in 1963 and subsequently undertook design & build contracts in the marine segment. Over the years, AIL has also increased its presence geographically and has executed projects across all major Indian states in addition to overseas projects in Madagasar, Oman, UAE, Qatar, Yemen, Mauritius, Bahrain, Algeria, Jordan, Liberia, Bangladesh, Kuwait and Kazakhstan.
The Shapoorji Pallonji Group, through various companies owns majority stake in AIL’s equity capital. AIL is a key entity within the Shapoorji Pallonji Group. The SPG is one of the oldest construction groups in India and is more than 150 years old. SPG is the largest private shareholder (18.40%) of Tata Sons Limited, the Holding Company of the Tata Group. While Shapoorji Pallonji and Company Private Limited, AIL’s holding company, executes projects related to construction of buildings, factories, steel and power plants and real estate development, AIL executes infrastructure construction projects across sectors like marine, roads, urban infrastructure (metros, flyovers), offshore oil & gas, etc. AIL has received crucial financial support from its promoters in the past.
Since its inception, Afcons has built up considerable expertise in marine works (construction of jetties, berths, diaphragm walls, etc.), complex bridges and flyovers, hydro & tunnel projects. While the core expertise of Afcons continues to be in bridges & flyovers, marine & hydro/tunnel works, the company has also been undertaking projects in the area of civil works, urban infrastructure, roads and pipeline over the years. Afcons has built up a diverse and reputed client profile and has executed repeat orders for a number of its clients which is an indicator of Afcons’ strong execution capabilities.