Vascon Engineers to raise Rs 100-150 crore via asset sales and rights issue

12 Mar 2014

Vascon Engineers is looking to raise Rs 100-150 crore via asset sales and rights issue. The company is taking this step with an aim to bring down debt from the current Rs 320 crore.

The company has recently secured orders worth Rs 245 crore for construction of two residential projects, in which it will enjoy margins of around 15% for these projects.

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.

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