Afcons shifts focus to Europe, Middle East amid Africa slowdown

The Shapoorji Pallonji group company received a similar call earlier this year to increase its existence in the Middle East market, albeit with local partners. So far, it has limited its exposure to the region by referring to negative contract conditions.

Afcons is the most bull in the United Arab Emirates in Saudi Arabia and the Middle East. In Saudi Arabia, with a local partner in July 2023, AfCons Ciritting Co. to address local projects. 90:10 with a local partner.

In July, AFCONS emerged as the lowest bidder for three projects in Croatia, which is cumulatively worth LaIt will be executed for 11,300 crore and 42-72 months. The company has not yet been officially given the contracts that it expects to receive before December.

These include the development of a railway line and the construction of two extension of a highway project.

The company will compete with European, American and Turkish contractors who are active in the region.

For context, AfCons’s FY25 income La12,548 CRORE Snow La487 Crore.

“As a global EPC company, we constantly discover new geographies to support growth and risk reduction.” He said.

“Historically, our key international affairs have been in African and neighboring regions. As part of our overseas strategy, we continue to choose the potential in the areas such as Eastern Europe and the Balkans, between some uncertainties in neighboring areas and the slowdowns of financing in Africa.”

The authority added that the company’s three proposals in Croatia are part of this approach.

Turmoil in the neighborhood

AFCONS traditionally received about 30% of its business from overseas countries, especially from neighboring countries of Africa and India. However, the share of international affairs has fallen in the midst of the slowdown in works from Africa in recent years. Political turmoil in India’s neighbor – governments have recently been overthrown in Bangladesh and Nepal, and an economic slowdown in Sri Lanka – reduced business visibility in these regions.

Parasivan Srinivasan, General Manager Afcons, calls for a profit on August 8, and a few international orders from Croatia and a few international orders, the company’s waiting order book will lead to 30% guidance until the end of the 26 financial year.

As of June 2025, only 12% of the company La35.311 Crore order book came from abroad.

The company is actively looking for new business opportunities abroad. AFCONS ‘ LaSrinivasan, 3.4 trillion trillion address project pipeline is one of the international orders for the next two years, he said. A addressable pipeline refers to the projects that the company plans to bid in the near future.

Ankita Shah, Analysts in Elara Capital on August 9, “Afcons is on the road for a stronger H2FY26.

Since the company is expected to accelerate high-speed track orders and key projects, 20-25% income growth guidance for 26 fiscal years has provided an expected increase in execution in the second half of the fiscal year. This comes after 25 financial income is 5% lower than the previous year.

AFCONS infrastructure La449.90 in BSE on Friday. The scenario has lost about 17% since the beginning of the year.