Afcons Infrastructure bags Rs 1,918 crore BMC desalinated water tunnel project

Afcons Infrastructure announced that it has received a Letter of Acceptance (LoA) from the Brihanmumbai Municipal Corporation (BMC) for a project worth Rs 1,918 crore.

The contract involves the design and construction of a desalinated water conveyance tunnel from the proposed water pumping station at Manori to Charkop, extending further to Mahavir Nagar (Kandivali), Mumbai.

Mr Krishnamurthy Subramanian, executive chairman, Afcons Infrastructure, said, The desalinated water conveyance tunnel is a critical step towards ensuring sustainable water supply for Mumbai and stands as a testament to our engineering excellence and execution capabilities.

Mr S Paramasivan, managing director, Afcons Infrastructure, said, We are honoured to partner with BMC once again. Alongside the Kasheli?Mulund water conveyance tunnel, this complex desalinated water tunnel project will be executed on time while maintaining the highest standards.?

Afcons said it has executed and is currently undertaking several hydro, water supply and water tunnel projects across India, including BMC's 7.13-km Kasheli?Mulund underground water conveyance tunnel, CIDCO's 8.7-km treated water tunnel in Navi Mumbai, the Rural Water Supply Scheme in Uttar Pradesh, and a Water Supply Project in Rajasthan. The company has also completed the Annaram Barrage in Telangana, part of a major multi-stage irrigation project.

Internationally, the company has delivered water supply projects in Tanzania, Ivory Coast, Benin and Rwanda, strengthening its presence in sustainable infrastructure development.

Afcons Infrastructure, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It is a well-diversified infrastructure construction company, and it has delivered projects ranging from expressways, underground and elevated metros, railways, bridges, dams, irrigation systems, hydro, water supply, ports, breakwaters, and oil & gas around the world.

The company reported a consolidated net loss of Rs 88.40 crore in Q4 FY26, compared with a net profit of Rs 110.93 crore in the corresponding quarter of the previous year. Revenue from operations fell 18.9% YoY to Rs 2,613.84 crore in the quarter ended 31 March 2026.

The counter shed 0.61% to Rs 279 on the BSE.

Powered by Capital Market - Live News