AFCONS INFRASTRUCTURE Share price

We originally began our operations as a civil construction firm in 1959 as a partnership between the Rodio Foundation Engineering Limited Switzerland and Hazarat & Company India under the name of ‘Rodio Foundation Engineering Limited and Hazarat & Company’. The Partnership Deed was amended from time to time as a result of addition or retirement of partners and the partnership was registered under the Indian Partnership Act 1932 with the Registrar of Firms Bombay on July 27 1961. Subsequently a company was incorporated under the name of ‘Asia Foundations and Constructions Private Limited’ under the Companies Act 1956 pursuant to a certificate of incorporation dated November 22 1976 issued by the RoC. Pursuant to an indenture dated March 22 1977 the entire business and undertaking of the partnership firm i.e. Rodio Foundation Engineering Limited and Hazarat & Company was transferred to our Company as a running concern. Subsequent to the aforementioned transfer our Company became a deemed public limited company as per Section 43A of the Companies Act 1956 and the name of our Company was changed from ‘Asia Foundations and Constructions Private Limited’ to ‘Asia Foundations and Constructions Limited’. Subsequently the name of our Company was changed from ‘Asia Foundations and Constructions Limited’ to ‘Afcons Infrastructure Limited’ pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on July 25 1996 and a fresh certificate of incorporation dated August 14 1996 was issued to our Company by the RoC. The Company’s status was converted from a deemed public company to a public limited company pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on November 4 1997 and a fresh certificate of change of name was issued to our Company by the RoC on November 11 1997.Major events and milestones:1959-The partnership firm Rodio Foundation Engineering Limited Switzerland and Hazarat & Company India began operations as a civil construction firm1965-Rodio Foundation Engineering Limited and Hazarat & Company India commenced marine construction operations1974-Entry of Rodio Foundation Engineering Limited and Hazarat & Company India in the overseas market by construction of jetty and intake structure for desalination plant at Muscat1976-Established as a company‘Asia Foundations and Construction Private Limited’1977Acquired the business of Rodio Foundation Engineering Limited and Hazarat & Company India through an Indenture dated March 22 19771979-Commenced bridge construction operations1987-Bagged our first project in Africa (Ethiopia)1988-Entered road construction when large road projects funded by World Bank/ Asian Development Bank were put to tender1996-Renamed as “Afcons Infrastructure Limited” due to major thrust in infrastructure related work2000-Shares of the Company were acquired by Sterling Investment Corporation Limited a Shapoorji Pallonji Group company.-Commenced operations in the elevated metro segment project – construction of elevated structures (viaduct) Tis Hazari Tri Nagar2001-Crossed a total income of ? 3000 million2002-Certified as ISO 9001:2000 by BVQI2003-Bagged the Delhi Metro Barakhamba underground metro station contract2005-Commenced operations in the hydro segment - Kol Dam Hydro Electric Power Project in the state of Himachal Pradesh-Commenced operations in the rail tunnel segment – B.G. Single Line Tunnels Katra-Laole section of Udhampur-Srinagar-Baramulla Rail Link Project-Crossed a total income of ? 5000 million2006-Bagged a project in Mauritius - Construction of Oil Jetty at Port Louis Harbour Mauritius2007-Crossed a total income of ? 10000 million.-Bagged the Vallarpadam Rail Bridge Project – an 8.86 km long rail corridor including 4.62 km longest railway bridge in India2008-Bagged the project for developing the Nad Al Sheba Racecourse United Arab Emirates2009-Won first offshore oil & gas business project – ICPR Process Platform-Bagged the Atal Tunnel Project at Rohtang–Recognized as ‘Longest Highway Tunnel above 10000 feet’ by World Book of Records2010-Had pending order book of more than ? 50000 million-Entered into underground metro tunnelling segment with Kolkata underground metro: India’s first underwater tunnel below river (Hooghly) river and India’s deepest metro station-Bagged the Jammu-Udhampur 4-laning of NH-1A Project – One of the fastest hill road project completion in NHAI’s history2011-Bagged two packages for design and construction of the Chennai Underground Metro Project.2013-Crossed a total income of ? 30000 million2014-Bagged the construction project of T49B tunnel at Dharam-Udhampur-Srinagar Baramulla railway line (India’s longest railway tunnel)-Bagged two packages in six-lane green field Agra Lucknow Expressway Project UP – India’s longest access control expressway at the time of inauguration2015-Crossed a total income of ? 40000 million-Had a pending order book of more than ? 110000 million-Bagged the Jawaharlal Nehru Port Trust Project India’s largest container port: Construction of Wharf and Approach trestle2016-Entered into Turnkey Railway segment with Tema to Akosombo Ghana Railway Project – Ghana’s largest railway project and the project includes longest railway bridge in the country-Entered into Irrigation segment with Annaram Barrage Project – Part of Kaleshwaram Lift Irrigation Project (KLIP): World’s largest multi-stage lift irrigation project-Bagged the Mahatma Gandhi Setu Patna project2017-Crossed a total income of ? 60000 million-Entered into International Water Supply segment – Extension of Water Transmission Pipeline from Lake Victoria to Tabora Nzega and Igunga2018-Had a pending order book of more than ? 200000 million-Bagged Package 2 and Package 14 of Nagpur-Mumbai Expressway (Maharashtra Samruddhi Mahamarg)2019-Crossed a total income of ? 80000 million-Had a pending order book of more than ? 300000 million-Bagged the Kanpur elevated metro project2020-Crossed the total income of ? 100000 million-Entered into Regional Rapid Rail Transit System (RRTS) segment – Bagged the Meerut RRTS Corridor2021-Bagged the Greater Male Connectivity – Male to Thilafushi Link Project Maldives–Biggest Infrastructure project in Maldives2022-Entered into Domestic Water Supply segment-Ranked amongst the top international contractors by ENR (Engineering News-Record US):i) 10th largest international marine and port facilities contractor (only Indian company in top 25)ii) Ranked 12th in bridges sector in the world (only Indian company in top 25)iii) Ranked 42nd in transportation sector in the world (only Indian company in top 50)iv) Ranked 18th in transmission Lines and aqueducts in the worldv) Ranked 43rd in Water Supply in the world2023-Won C2 Tunnel Package for Mumbai Ahmedabad High Speed Rail– India’s first 7 km long undersea tunnel -Entered into Onshore EPC Refinery Segment – Bagged the Crude Oil Terminal (COT) and associated facilities at Mundra Gujarat2024-Achieved a total income of more than ? 130000 million-Won Jamrani Dam Project – largest dam project of our Company in terms of project value