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In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz

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In a Conservative Pitch to Investors, Afcons says focus on high-margin EPC biz

Shapoorji Pallonji Group's subsidiary, Afcons, is taking a conservative approach ahead of its upcoming IPO. The company, which specializes in high-margin engineering, procurement, and construction (EPC) projects, has seen steady revenue growth and healthy cash flows by focusing on technologically complex projects with low competition. Unlike its peers, Afcons will not diversify into other industries but is open to diversification within the EPC sector. With an order book of INR 32,556 crore ($4.36 billion) and a significant portion of government contracts, the company sees ample business opportunities in the infrastructure EPC segment. Afcons plans to raise INR 7,000 crore ($938 million) through the IPO, with a portion allocated for debt repayment and working capital.

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