Vascon Engineers rises on getting LoA worth Rs 416 crore
Vascon Engineers is currently trading at Rs. 88.36, up by 0.30 points or 0.34% from its previous closing of Rs. 88.06 on the BSE.
The scrip opened at Rs. 88.92 and has touched a high and low of Rs. 91.64 and Rs. 86.08 respectively. So far 1125565 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.84 on 20-Jan-2024 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. 91.84 and Rs. 74.16 respectively. The current market cap of the company is Rs. 1988.31 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 Award (LoA) from Capgemini Technology Services India of Rs 416 crore (excluding GST) for construction contracting works for Chennai Sipcot Base Built Construction Project, Chennai, Tamil Nadu. The work has been awarded on EPC basis. The work has to be completed within 30 months from the date of Award.
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.
