Vascon Engineers Ltd receives order for Rs. 465 crores

Vascon Engineers Ltd has received tender amounting to Rs. 465 Crores from Maharashtra State Police Housing & Welfare Corporation Limited (A Government of Maharashtra Undertaking) for "Construction of Staff Quarters alongwith Multipurpose Hall" in Mumbai amounting to Rs. 465 crores. The work has been awarded on 'Lump sum Basis'. The work has to be completed within 36 months from the date of receipt of this tender.

With this, order intake in current financial year is Rs. 7 40 crores and total external order book as on date is around Rs. 1400 crores.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.12.12 as compared to the previous close of Rs. 10.36. The total number of shares traded during the day was 92238 in over 487 trades.

The stock hit an intraday high of Rs. 12.35 and intraday low of 10.25. The net turnover during the day was Rs. 1071326.