Afcons Infrastructure Limited has been declared the lowest bidder (L1) by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd), the state-owned railway infrastructure company of Croatia, for a major railway rehabilitation and construction project in the country.
The project involves the reconstruction of the existing track and construction of a second track along the Dugo Selo–Novska railway line. In addition to civil works, the contract also includes overhead electrification, signalling, and telecommunication systems.
The estimated value of the contract stands at €677.07 million, equivalent to approximately ₹6,800 crore, excluding taxes. The project will be executed on a BOQ (Bill of Quantities) / item rate basis, with a completion timeline of 72 months.
This development was announced in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. If awarded, the project would represent a significant step in Afcons’ international expansion and reaffirm its growing presence in European infrastructure markets.