Vascon Engineers zooms on receiving LoA worth Rs 198 crore from State Bank of India
Vascon Engineers is currently trading at Rs. 31.95, up by 1.71 points or 5.65% from its previous closing of Rs. 30.24 on the BSE.
The scrip opened at Rs. 31.05 and has touched a high and low of Rs. 33.63 and Rs. 31.05 respectively. So far 167041 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.23 on 03-Nov-2025 and a 52 week low of Rs. 26.80 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 33.63 and Rs. 29.86 respectively. The current market cap of the company is Rs. 748.38 crore.
The promoters holding in the company stood at 30.38%, while Institutions and Non-Institutions held 0.33% and 69.28% respectively.
Vascon Engineers has received Letter of Acceptance (LoA) worth Rs 198 crore (excluding taxes) from State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune. The LoA is for the construction of State Bank Institution for Learning & Development (SBILD), residential flats and other commercial outfits at Hinjewadi, Pune, Maharashtra. The work has to be completed within 24 months.
