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Shapoorji Pallonji group’s Afcons Infrastructure has won a ₹6,800 crore contract from HŽ Infrastructure for a railway rehab and construction project in Croatia.
Afcons Infrastructure is a construction and engineering company specializing in large-scale infrastructure projects like transportation, marine, and industrial works.
The deets: the projects include rebuilding the existing track and adding a second one on the Dugo Selo–Novska line, along with electrification, signalling, and telecom works.
The latest order is the company's 3rd big order in a week in Croatia. Moreover, earlier in May, Afcons had bagged a ₹175 crore civil works contract from Reliance Industries for its Jamnagar facility in Gujarat.
What’s next: Afcons expects 20–25% revenue growth in FY26, bouncing back from a weak FY25. Backed by a strong order book, Afcons is targeting ₹30,000–35,000 crore in orders for FY26 and is also bidding for a major project in Dubai.
Zoom out: the global infrastructure construction market was valued at around $2.7 trillion in 2023 and is expected to grow at an annual rate of 6–7% through 2030.
Growth is being fueled by increased government spending, especially in transport and energy sectors. For instance, India’s infrastructure capex in FY25 is budgeted at ₹11.1 lakh crore, while the EU has allocated €600 billion under its Global Gateway plan.
