Indian infrastructure company Afcons Infrastructure has secured a major international breakthrough by winning a railway project in Croatia worth about ₹7,544 crore.
The project involves rebuilding an existing railway line and constructing a second track on the Dugo Selo–Novska route. It will also include electrification, signalling and telecom upgrades to modernise the corridor and improve rail connectivity in the region.
The contract, awarded by Croatian authorities, is valued at around €677 million and is expected to be one of Afcons’ largest overseas projects so far. The work is scheduled to be completed over several years and marks a significant expansion of the company’s global presence.
Afcons, headquartered in Mumbai, is part of the Shapoorji Pallonji Group. The company is a major player in infrastructure development, with expertise in railways, metro systems, bridges, tunnels, ports, marine structures, roads and energy-related projects.
The latest win is being seen as a strong step forward for Indian engineering companies in Europe, highlighting their ability to compete for large-scale infrastructure contracts in developed markets.
Following the announcement, the company’s stock also saw positive market reaction, reflecting investor confidence in its global growth strategy.