Afcons Infrastructure Wins ₹3,469 Crore UP EPC Orders

Afcons Infrastructure has secured two engineering, procurement and construction contracts in Uttar Pradesh with a combined value of ₹3,469 crore. The orders cover the Jewar Link Expressway and an underground section of the Lucknow Metro. The company said the awards lift its fresh order intake in FY27 to ₹19,438 crore. The contracts add road and urban rail work to Afcons' existing portfolio of complex infrastructure projects.

Two Uttar Pradesh Contracts

The larger of the two projects is the ₹2,086 crore Jewar Link Expressway order from the Uttar Pradesh Expressways Industrial Development Authority, or UPEIDA. The second order is valued at ₹1,383 crore and relates to underground Lucknow Metro work for Uttar Pradesh Metro Rail Corporation, or UPMRC. Together, the two awards are worth ₹3,469 crore, also stated as ₹34.69 billion. Both are EPC assignments, under which the contractor is responsible for engineering, procurement and construction activities within the project scope.

Jewar Link Expressway Assignment

The Jewar Link Expressway contract is the biggest component of the newly announced orders. UPEIDA is the awarding authority for the ₹2,086 crore project. The available information identifies the project as a link expressway associated with Jewar. No construction schedule, route length, completion date or package-level scope was disclosed in the announcement. The order nevertheless expands Afcons' presence in road infrastructure alongside its work in transport, marine and urban infrastructure segments.

Underground Lucknow Metro Work

Afcons has also received a ₹1,383 crore order from UPMRC for an underground Lucknow Metro section. The project sits within the company's Urban Infrastructure and Metro business. Underground metro construction typically involves specialised civil engineering and coordinated execution in dense urban environments, although project-specific technical details were not disclosed. Afcons has previously worked on elevated and underground metro networks and stations across Indian cities. The Lucknow award adds to that established metro execution record.

Key Order Details

The values in the table are stated in crore rupees for consistent comparison. The Jewar project accounts for roughly three-fifths of the combined value, while the metro package accounts for the remaining portion. Afcons did not provide a breakdown of expected revenue recognition, execution milestones or margins for either contract. Such details will depend on the contractual terms and construction progress.

FY27 Fresh Orders Reach ₹19,438 Crore

Afcons said its FY27 fresh orders have reached ₹19,438 crore after these Uttar Pradesh awards. The new contracts represent a meaningful addition to that disclosed order intake figure. Order inflows are an important operating measure for EPC companies because they indicate the volume of work awarded, though they do not by themselves establish revenue or profit. Actual financial contribution depends on project mobilisation, execution progress, costs and contract conditions.

Record in Complex Infrastructure

Afcons describes itself as an engineering and construction company focused on technically complex infrastructure work. Its cited projects include the Atal Tunnel and the East-West Metro in Kolkata, which included India's first underwater tunnel. In urban infrastructure, the company says it has built more than 120 km of elevated and underground metro networks, more than 150 bridges, viaducts and flyovers, and 32 metro stations across nine Indian cities. This background is relevant to the underground civil work required for metro projects.

Recent Order Momentum

The Uttar Pradesh wins follow other disclosed project awards for Afcons. The company recently received a Letter of Award from Vadhvan Port Project Limited for a 10.14-km breakwater at the upcoming Vadhvan Port in Maharashtra. That project was valued at ₹5,301 crore. Afcons has also previously announced metro-related contracts, including civil work orders connected with Jaipur Metro, Delhi Metro Phase 4 and Kanpur Metro. These disclosures show the company's participation across transport, urban infrastructure and marine construction.

What the Orders Mean for Investors

The ₹3,469 crore awards provide disclosed visibility on Afcons' fresh-order pipeline for FY27. The order mix includes both road infrastructure and underground urban rail construction, rather than a single project category. For investors, the notable disclosed figures are the individual project values and the FY27 fresh-order total of ₹19,438 crore. No information was provided on the impact on earnings, project margins, completion timelines or the company's share price. Those factors cannot be assessed from the announced order details alone.

Significance for Uttar Pradesh Infrastructure

The projects are tied to two important types of public infrastructure: expressway connectivity and urban metro development. The Jewar Link Expressway order involves UPEIDA, while the underground metro contract has been awarded by UPMRC. Their execution will require Afcons to deliver work under separate public-sector project frameworks. The announcement does not specify traffic, ridership, local employment or commissioning outcomes. It therefore establishes the contract awards and values, rather than confirmed operating benefits after completion.

Outlook Based on Disclosed Steps

Afcons has formally added the Jewar Link Expressway and Lucknow Metro contracts to its FY27 fresh-order tally. The next material updates are likely to concern mobilisation, construction milestones and any further disclosures by the company or the project authorities. For now, the confirmed development is the award of ₹3,469 crore in Uttar Pradesh EPC contracts. The projects reinforce Afcons' activity in large transport and urban infrastructure assignments.