Afcons Infrastructure Ltd has received a Letter of Commitment (LoC) from Reliance Industries Limited (RIL) for executing civil and structural erection work at its Jamnagar facility in Gujarat.
As per the company’s regulatory filing under SEBI Listing Regulations, the estimated value of the contract is around Rs 175 crore (excluding GST), based on the bill of quantities (BOQ). The final payment will be made according to the actual work executed under the terms of the contract.
The tentative completion timeline for the project will be mutually agreed upon by both parties.