Afcons Infrastructure Ltd., part of the Shapoorji Pallonji Group, saw its shares partially recover after emerging as the lowest bidder for Rs 4,800 crore worth of road projects in Pune.
These include the Pune Ring Road (East) Packages PRR E5 and E7, valued at Rs 2,718.50 crore and Rs 2,068.70 crore, respectively. Earlier, shares dipped 6.66% to an intraday low of Rs 465.55 but later traded at Rs 482, down 3.37%. The tender was issued by MSRDC to improve Pune's road connectivity.