The project encompasses the reconstruction of the existing track and the creation of a second track along the Dugo Selo–Novska railway line, which includes overhead electrification, signaling, and telecommunication works in the Republic of Croatia.
The contract is worth €677.07 million, excluding taxes, which is approximately ₹7,544 crore. The company highlighted that this project represents its entry into the European market and will be its largest international contract to date. Afcons had previously informed exchanges on July 21, 2025, that it was the lowest bidder for the project.Also Read: Afcons Infrastructure shares decline 4% after client issues termination notice for €113 million contract
Krishnamurthy Subramanian, Executive Chairman of Afcons Infrastructure Ltd, stated, “This landmark project signifies a major advancement in Afcons’ global trajectory, marking our entry into Europe. It showcases our capability to implement complex, large-scale infrastructure solutions across various regions.
We take pride in aiding the modernization of a railway network in a European country, and this success further solidifies our reputation as a reliable partner in international infrastructure development.”
S Paramasivan, Managing Director of Afcons Infrastructure Ltd, added, “The project involves reconstructing the existing track and building a second railway line. Along with civil works, the scope encompasses overhead electrification, signaling, and telecommunication works.”
Also Read: Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Shares of Afcons Infrastructure Limited closed at ₹327.40, a decrease of ₹13.35, or 3.92%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: May 11, 2026 4:04 PM IST
