Business Update12 Aug 2026, 05:21 pm
Vascon Engineers Secures ₹126.39 Cr Hospital Project
AI Summary
Vascon Engineers Limited has received a Letter of Intent worth ₹126.39 Crore (excluding GST) from the Executive Engineer, Public Works Department, Arvi Division, Wardha Nagpur. The contract is for the development of a 300-bedded general hospital in Wardha, Maharashtra. The project is to be executed on an 'Item Rate Basis' and has a completion timeline of 24 months from the order date. This award does not involve any related party transactions or interest from promoters/promoter group.
Key Highlights
- Secured a significant work order valued at ₹126.39 Crore.
- Project involves developing a 300-bedded general hospital.
- Project completion timeline is set at 24 months.
- No related party involvement or promoter interest in the contract.
Price Impact
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