Afcons Infrastructure Ltd.

Afcons Infrastructure are the flagship infrastructure engineering and construction company of the Shapoorji Pallonji group (i.e., the group’s leading engineering and construction company). We have a strong track record of executing numerous technologically complex engineering, procurement and construction (“EPC”) projects both within India and internationally. According to the Fitch Report, we are one of India’s largest international infrastructure construction companies, as per the 2023 ENR (Engineering News-Record, US) Top International Contractors rankings, based on International Revenue for the Financial Year 2023. In the last eleven financial years and the three-month period ended June 30, 2024, we have successfully completed 79 projects across 17 countries with a total historic executed contract value of ?563.05 billion. We typically bid for projects through a competitive bidding process. Our customer contracts typically fall into the following categories –EPC contracts, item rate contracts and cost plus contracts, contracts, item rate EPC contracts and cost plus contracts contributed to 72.37%, 27.38% and 0.25%, respectively, of our total construction contract revenue for the Financial Year 2024.