Business Update23 Jul 2026, 04:51 pm
Vascon Engineers: RIL Cancels ₹131.58 Cr Work Order
AI Summary
Vascon Engineers Ltd has announced the cancellation of a work order by Reliance Industries Limited (RIL) for the construction of four G+12 FLL Type Buildings at RG Expansion Jamnagar. The original Letter of Intent from RIL was for an amount of ₹131.58 Crore (excluding GST). No execution had commenced on the project prior to the cancellation. The company has provided this disclosure as per SEBI (LODR) Regulations, 2015.
Key Highlights
- Reliance Industries Limited has cancelled a work order awarded to Vascon Engineers.
- The cancelled work order was valued at ₹131.58 Crore (excluding GST).
- The project involved construction of four buildings in Jamnagar.
- No work had commenced on the project before cancellation.
- This is a significant business update impacting potential revenue.
Price Impact
More from VASCONEQ