Vascon Engineers moves higher on getting LoI worth Rs 356.78 crore
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Vascon Engineers is currently trading at Rs. 77.65, up by 3.01 points or 4.03% from its previous closing of Rs. 74.64 on the BSE.
The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 80.58 and Rs. 77.25 respectively. So far 143768 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.50 on 03-Nov-2023 and a 52 week low of Rs. 23.83 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 80.90 and Rs. 74.25 respectively. The current market cap of the company is Rs. 1731.81 crore.
The promoters holding in the company stood at 32.20%, while Institutions and Non-Institutions held 0.99% and 66.81% respectively.
Vascon Engineers has received Letter of Intent (LoI) from Municipal Secretary’s Department - Pimpri-Chinchwad Municipal Corporation, Pune of Rs 356.78 crore (excluding GST) for Construction of General Hospital Building for PCMC Hospital in Moshi, Pimpri-Chinchwad, Pune (Maharashtra). The Letter of Intent has been awarded on ‘Item rate Basis’. The work has to be completed within 36 months from the date of acceptance.
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.
