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Vascon Engineers surges as its arm inaugurates third manufacturing plant in Bhiwandi

Vascon Engineers Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 533156 | NSE: VASCONEQ

14 Jul 2016 Evaluate

Vascon Engineers is currently trading at Rs. 31.90, up by 2.05 points or 6.87% from its previous closing of Rs. 29.85 on the BSE.

The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 32.50 and Rs. 30.00 respectively. So far 4,67,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.25 on 02-Dec-2015 and a 52 week low of Rs. 15.35 on 17-Jul-2015.

Last one week high and low of the scrip stood at Rs. 32.95 and Rs. 29.70 respectively. The current market cap of the company is Rs. 516.28 crore.

The promoters holding in the company stood at 46.78%, while Institutions and Non-Institutions held 5.00% and 48.22% respectively.

Vascon Engineers’ material subsidiary - GMP Technical Solutions, has inaugurated its third manufacturing plant in Bhiwandi (Thane) near Mumbai on July 13, 2016 to meet out fast growing requirements of business. The new set-up is state of art sheet metal fabrication & modern coating facility. The build-up area of the factory is around 60,000 square feet, with 100 no trained & skilled manpower.

The annual capacity of the new plant will be 20,00,000 square feet panel & 36,000 steel doors. Strategically this plant will help GMP to boost their business in export market & western/south Indian region.

GMP Technical Solutions is Turnkey solution providing company in the field of Pharmaceuticals, Food, Semiconductor, Hospitals, Hotels & Other allied industry.

Vascon Engineers has significant experience in providing EPC services, which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings.

Vascon Engineers Share Price

38.78 0.14 (0.36%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
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NCC	161.30
KEC International	580.10
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Vascon Engineers surges as its arm inaugurates third manufacturing plant in Bhiwandi

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