Afcon Group Wins 36 Million Shekel Tender
Afcon Holdings continues to expand its footprint in the energy sector after winning a government tender to build a substation worth approximately 36 million shekels.
The Afcon Holdings group continues to expand its presence in Israel's energy and infrastructure sector. A wholly-owned subsidiary of the group has won a tender from a government company for the construction of a substation, in a deal estimated at approximately 36 million shekels.
The official notification of the win was delivered to the company on Sunday. The final scope of work and implementation schedules are subject to the signing of a detailed agreement and the issuance of a formal work order. The project adds to Afcon's backlog in the fields of infrastructure, renewable energy, and electromechanical systems.
Afcon Group CEO Dudi Harali stated that this win reflects the knowledge and experience the company has accumulated in executing complex, system-intensive projects. Harali emphasized that the group will continue to leverage its capabilities to provide comprehensive solutions and strengthen its position in the Israeli economy.
"The knowledge and extensive experience accumulated by the group in executing complex and system-intensive projects allow us to continue expanding Afcon's activity. We are strengthening our position in significant projects within the Israeli economy by leveraging our wide range of capabilities to provide comprehensive solutions to our customers."
Afcon Holdings, which is traded on the Tel Aviv Stock Exchange and has been operating since 1945, focuses on providing technological and system solutions in the fields of control, automation, and communication. In recent years, the company has identified key growth engines in green energy, energy storage facilities for grid continuity, and charging infrastructure for electric vehicles, placing it at the center of modern energy infrastructure development in Israel.
