Vascon Engineers Limited Receives Rs.131.58 Crore Work Order for Jamnagar Expansion Project
Vascon Engineers Limited has received a Letter of Intent amounting to Rs.131.58 Crore from Reliance Industries Limited. The contract involves the construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at the RG Expansion in Jamnagar.The work order has been awarded on a Bill of quantities (BOQ) Basis. The scope of work is considered domestic, with Reliance Industries Limited acting as the awarding entity.
According to the details provided, the work must be completed within 19 months from the date of the order’s receipt. The transaction is structured such that the project does not fall under the ambit of Related Party Transactions.
Key details regarding the newly secured contract are summarized below:
| Detail | Description |
|---|---|
| Awarding Entity | Reliance Industries Limited |
| Project Scope | Construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar |
| Contract Value | Rs.131.58 Crore (excluding GST) |
| Nature of Work | Bill of quantities (BOQ) Basis |
| Execution Timeline | 19 months from the date of order receipt |
| Contract Type | Domestic |
VASCONEQ Stock Price Movement
Shares of Vascon Engineers Limited today slipped by 3.40% to settle at ₹32.93. The stock saw significant interest with the total traded volume reaching 264,750 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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