Vascon Engineers zooms on securing new tender worth Rs 465 crore

04 Sep 2019

Vascon Engineers is currently trading at Rs. 11.75, up by 1.39 points or 13.42% from its previous closing of Rs. 10.36 on the BSE.

The scrip opened at Rs. 10.33 and has touched a high and low of Rs. 12.35 and Rs. 10.25 respectively. So far 79320 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.20 on 04-Sep-2018 and a 52 week low of Rs. 10.00 on 02-Aug-2019.

Last one week high and low of the scrip stood at Rs. 12.35 and Rs. 10.22 respectively. The current market cap of the company is Rs. 211.98 crore.

The promoters holding in the company stood at 35.56%, while Institutions and Non-Institutions held 0.46% and 63.98% respectively.

Vascon Engineers has received tender from Maharashtra State Police Housing & Welfare Corporation (A Government of Maharashtra Undertaking) for construction of staff quarters along with multipurpose hall in Mumbai amounting to Rs 465 crore.

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 740 crore and total external order book as on date is around Rs 1,400 crore.

Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200 plus projects spanning over 50 million square feet of landmark developments across residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centers.

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