Afcons Infra shares in focus as two Croatia road construction contracts get cancelled; Q4 results today

Shares of Afcons Infrastructure Ltd. are in focus on Monday, May 18, after the company witnessed two order cancellations. The company is also set to report its fourth quarter earnings on Monday.

Afcons Infra said it had intimated the exchanges on July 17, 2025 of being declared the lowest bidder for two separate packages by Croatian Motorways Ltd. to construct roads in the Republic of Croatia.

However, the company on May 16 said it received communication from the client regarding the cancellation of both tenders as the price of its offer exceeded their planned or secured financial resources.

Major Order Last Week

On another note, last week

, Afcons Infra said it was selected as the most suitable bidder for the rehabilitation and construction of a railway line in Croatia.

The project is for the reconstruction of the existing track and construction of a second track on the Dugo Selo-Novska railway line, and it includes overhead electrification, signaling and telecommunication works in the Republic of Croatia. The order is worth €677.07 million.

Afcons International said this project marks its entry into Europe and will be its largest international order, so far. It had informed the exchanges of being the lowest bidder for the contract on July 21, 2025.

Shares of Afcons Infra ended the previous trade session 1.6% higher at ₹336 apiece. The stock has declined 14.5% this year, so far and remains below its issue price.

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