Business Update16 Oct 2026, 08:20 am
Vascon Engineers Bags ₹198 Cr Construction Order from SBI
AI Summary
Vascon Engineers Limited has received a Letter of Acceptance from the State Bank of India for the construction of SBILD, Residential Flats, and other commercial outfits at Hinjewadi, Pune. The total value of the contract is ₹198 Crore (excluding taxes). The project is to be completed within 24 months. This is a significant order for Vascon Engineers, reinforcing its position in the construction sector.
Key Highlights
- Received Letter of Acceptance from State Bank of India.
- Contract value stands at ₹198 Crore (excluding taxes).
- Project involves construction of SBILD, residential flats, and commercial outfits.
- Work to be completed within a 24-month timeframe.
- Order awarded by a domestic entity.
Price Impact
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