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Vascon Engineers receives LoA worth Rs 198 crore from State Bank of India

16 Oct 2026 Evaluate

Vascon Engineers has received Letter of Acceptance (LoA) worth Rs 198 crore (excluding taxes) from State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune. The LoA is for the construction of State Bank Institution for Learning & Development (SBILD), residential flats and other commercial outfits at Hinjewadi, Pune, Maharashtra. The work has to be completed within 24 months.

Vascon Engineers and its subsidiaries are engaged in the business of Engineering, Procurement and Construction services (EPC), Real Estate Development and Manufacturing of Clean Room Partitions.

Peers
Company Name CMP
Larsen & Toubro 3606.85
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NCC 115.10
Rail Vikas Nigam 181.20
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