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Uttar Pradesh Expressways Industrial Development Authority
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Afcons Infrastructure (AFCONS) wins Rs 3,469cr in Jewar Expressway and Lucknow Metro contracts, but can its order boom reverse an earnings slump?
Afcons Infrastructure Limited has secured two major engineering and construction contracts in Uttar Pradesh, lifting its fresh FY27 order wins to ₹19,438 crore. The awards strengthen revenue visibility, but weaker earnings, stretched working capital and a negative credit-rating outlook have made profitable execution the more immediate test.