Vascon Engineers: A Double Win with Two New Contracts Worth ₹615 Crore

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Vascon Engineers: Breaking New Ground with Two Contracts Worth ₹615 Crore

Company Overview: Vascon Engineers Limited

Vascon Engineers Limited, incorporated on 01 January, 1986, is a public limited company located in Pune, Maharashtra. With an authorized share capital of INR 269.13 crore and a total paid-up capital of INR 217.32 crore, the company has made its mark in the construction and real estate sector. Over the past three decades, Vascon Engineers has delivered over 200 projects, covering more than 50 million sq. ft. of space. The company’s portfolio spans across residential, industrial, IT parks, malls, and multiplexes.

Recently, Vascon Engineers Limited made headlines with the acquisition of two significant contracts. The company’s shares saw a surge of more than two per cent following the announcement, reflecting the market’s positive response to this development.

Contract Conquest: Vascon Engineers Limited Strikes Gold

The first contract, worth ₹352.91 crore, has been awarded by the Jharkhand State Building Construction Corporation Limited. This contract pertains to the remaining work for the construction of a Medical College and the upgradation of a District Hospital in Koderma. The work, based on a Bill of Quantities (BOQ), is expected to reach completion within 30 months from the date of the Letter of Acceptance.

The second contract, valued at ₹262.19 crore, comes from Bridge and Roof Co. India Ltd., a Government of India Enterprise. This contract involves planning, designing, construction, IT (Networking), and maintenance of a Government Medical College in District Kanker, Chhattisgarh. This project falls under the Chhattisgarh Medical Services Corporation Ltd., a Government of Chhattisgarh enterprise, and has been awarded on an Engineering, Procurement, and Construction (EPC) basis. The work is slated for completion within 24 months from the commencement date.

Market Mania: How the Market Reacted

Following the announcement of these contracts, Vascon Engineers Limited’s shares were up by 2.44% to ₹75.54 at 1.55 pm on the BSE. This positive market response underscores the significance of these contracts for Vascon Engineers and its stakeholders.

Future Forecast: What Lies Ahead for Vascon Engineers

These contracts mark a significant milestone for Vascon Engineers Limited as it continues to strengthen its position in the construction and engineering sector. With these projects, Vascon Engineers is not just expanding its portfolio but also contributing to the infrastructural development in Jharkhand and Chhattisgarh.

The successful completion of these projects will undoubtedly add another feather in Vascon Engineers’ cap and pave the way for more such opportunities in the future.

Disclaimer: This blog post is for informational purposes only. The information provided is based on current market trends and should not be used as financial advice. Always consult with a professional before making any investment decisions.


Keywords : Vascon Engineers Limited, Construction Contracts, Jharkhand State Building Construction Corporation Limited, Medical College Construction, District Hospital Upgradation, Koderma, Bill of Quantities (BOQ), Bridge and Roof Co. India Ltd., Government of India Enterprise, Government Medical College, District Kanker, Chhattisgarh, Chhattisgarh Medical Services Corporation Ltd., Engineering, Procurement, and Construction (EPC), Share Market Response, Infrastructure Development in Jharkhand and Chhattisgarh.

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