Vascon Engineers soars on receiving LoA worth Rs 95.92 crore
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Vascon Engineers is currently trading at Rs. 31.10, up by 1.10 points or 3.67% from its previous closing of Rs. 30.00 on the BSE.
The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.70 and Rs. 30.55 respectively. So far 59151 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.00 on 02-Dec-2022 and a 52 week low of Rs. 18.60 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 32.45 and Rs. 29.65 respectively. The current market cap of the company is Rs. 669.34 crore.
The promoters holding in the company stood at 32.20%, while Institutions and Non-Institutions held 0.40% and 67.40% respectively.
Vascon Engineers has received Letter of Acceptance (LoA) amounting to Rs 95.92 crore (Excluding GST) from Pune Metropolitan Region Development Authority, Pune for Construction of Residential quarters along with Welfare Complex, Mess- Barrack, Multipurpose hall & Retail shops including all allied works, Pune. The work has been awarded on ‘EPC Lumpsum basis’. The work has to be completed within 18 months from the date of receipt of Environment Clearance.
Vascon Engineers is one of the leading Construction Engineering Company in India with presence in Real Estate business having an asset light model and Clean Room Partition manufacturing business.
