Deals23 Apr 2025, 10:51 pm
Vascon Engineers Secures Rs. 225.46 Crore Contract from Royal Rides Pvt Ltd
AI Summary
Vascon Engineers Limited has received a Letter of Intent from Royal Rides Pvt Ltd for the construction of Two Terminal Buildings along-with Ropeway Tower works at Panaji and Reis Magos, Goa. The contract amount is Rs. 225.46 Crores (excluding GST & Labour Cess) and is to be completed within 36 months from the date of Letter of Intent.
Key Highlights
- Contract value of Rs. 225.46 Crores (excluding GST & Labour Cess)
- Construction of Two Terminal Buildings along-with Ropeway Tower works at Panaji and Reis Magos, Goa
- Work to be completed within 36 months from the date of Letter of Intent
- Awarded on ‘Design and Build’ basis
- Doesn’t fall under the ambit of Related Party Transactions