Vascon Engineers Secures Rs 126.39 Crore Order for Development of General Hospital in Wardha Nagpur
Vascon Engineers Limited has secured a substantial work order valued at Rs 126.39 Crore (excluding GST) for the development of a 300-bedded general hospital located in Wardha Nagpur, Maharashtra. The contract was awarded by the Executive Engineer, Public Works Department, Arvi Division, Wardha Nagpur.The project involves the comprehensive development of the general hospital and has been awarded to Vascon Engineers on an Item Rate Basis. According to the details provided, the company must complete the work within 24 months from the date of receiving the order.
This domestic contract represents a significant business win for Vascon Engineers in the infrastructure sector.
Key details regarding the order are summarized below:
| Detail | Information |
|---|---|
| Contracting Entity | Executive Engineer, Public Works Department, Arvi Division, Wardha Nagpur (Maharashtra) |
| Project Scope | Development of 300 bedded general hospital at Wardha Nagpur, Maharashtra |
| Order Value | Rs 126.39 Crore (Excluding GST) |
| Nature of Work | Item Rate Basis |
| Execution Timeline | Within 24 months from the date of order receipt |
The work awarded falls under domestic entity jurisdiction, and Vascon Engineers confirmed that none of its Promoter or Promoter Group members hold an interest in the awarding entity. Furthermore, the project is not categorized as a Related Party Transaction.
VASCONEQ Stock Price Movement
Shares of Vascon Engineers Limited today slipped by 2.44%, settling at ₹31.26 after the market close. The stock traded under pressure during the session, hitting a low of ₹29.53 as it moved through a volume of 1.35 million 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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