6 percent rise in Facon’s Infrastructure shares, 700 crore order from Reliance

Afcons Infrastructure Share: After receiving a big order of Rs 700 crore from Mukesh Ambani’s company Reliance, Facons Infrastructure shares on the first trading day of the week rose by 6 % and the price reached Rs 460.7. The company has received a letter of award (LOA) from Reliance Industries Limited.

Project of Rs 700 crore was found

Facon’s Infrastructure informed the Stock Exchange on Saturday 07 June 2025 to receive a letter of award from Reliance. The company said the National Stock Exchange of India Limited and BSE or Bombay Stock Exchange that they have received the letter of award from Reliance Industries Limited for Construction Works related to Dahej Vinyl Project in Gujarat. The contract value may be Rs 700 crore, but the final payment will be done on the basis of total expenditure on the total project. The completion of this project is expected to be completed by June 2026.

The company got a big order in May too

Under this contract, the company will have to handle the work of civil, mechanical, installation, testing and commissioning for the vinyl project. Earlier, in May, the company received a project of Rs 463.50 crore for water supply in 353 villages of Dungarpur district from Kadana Back Water (Mahi Dam).

This project was received from the Public Health Engineering Department of Rajasthan under the Water Life Mission. The Facons Infrastructure profit in the quarter ended March 2025 declined by 23.44 percent to Rs 110.93 crore as compared to the same quarter last year, compared to Rs 144.89 crore in the same quarter last year.

Target price on company shares

According to the trendline, the average target price for Facons Infra is Rs 543, which reflects a possible growth of 21 percent. Seven analysts, who monitor the stock, have rated the ‘Strong Bye’. Till 10:16 am, the stock was trading at a 3.1 percent to Rs 448.6 on BSE. However, in the last six months, it has declined by 14 percent and 16 percent so far this year. Its existing market capitalization is Rs 16,498 crore.

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