Afcons Infrastructure Ltd., which began its operation as a civil construction firm in 1959 has now grown into a leader in Infrastructure Development with the capability to execute large and complicated Civil Engineering Projects in India and abroad, with emphasis on jetties, docks, harbours, Roads, bridges and special foundations.
The company has promoted five JV companies in association with each of the companies i.e Pauling Plc. UK; Ing. Giovanni Rodia SpA, Italy; Tensacciai SpA, Italy; Kier International Plc., UK; Starkstoem-und-Sognal-Baugessessschaft GmbH, Germany. But the company Rodio-Afcons (India) Ltd, which was a JV company promoted with Giovanni Rodia, Italy has gone into voluntary liquidation and the liquidation process is underway with effect from July 29 1999. Another subsidiary of AIL, Nakojo Engineering Works (India) Ltd. is also went into voluntary liquidation with effect from July 29, 1999.
The company has entered into a co-operation agreement(subcontractor relationship) with the Germany based M/s Dyckerhoff & Widmann Aktingesellschaft(DYWIDAG) for the execution of the Worli-Bandra Outfalls project.
During 2001-02,the company has received Certification for ISO 9001-2000 for Design and Construction of Marine Works,Bridges,Roads,Heavy Civil Engineering Structures like Power Plant Buildings,LNG Containment Tanks, etc., and Specialised Foundation Engineering Works in concrete and steel, from BVQI(Bureau Veritas Quality International).
During the year 2001-02, the company has issued 20000000 12% Redeemable Cumulative Convertible Preference Shares of Rs.10/- each amounting to Rs.20.00 crores to Cyrus Investments Limited.