Deals13 Aug 2024, 08:22 pm
Vascon Engineers Secures Rs. 331.38 Crore Work Order for Medical College Construction
AI Summary
Vascon Engineers Limited has been awarded a Letter of Acceptance amounting to Rs. 331.38 crore (excluding GST) by the Chief Engineer, Public Work, Regional Department, Konkan Mumbai (Department of Medical Education and Medicine) for constructing a Medical College with a carrying capacity of 100 students, a 500-bedded hospital, and ancillary buildings at Sindhudurg. The work is to be completed on an ‘EPC Lumpsum basis’ within 30 months from the date of receipt of the Letter of Acceptance dated August 12, 2024, which was received on August 13, 2024. Neither the Promoter nor the Promoter Group has any interest in the aforesaid work, and it does not fall under the ambit of Related Party Transactions.
Key Highlights
- Vascon Engineers Limited has been awarded a work order worth Rs. 331.38 crore (excluding GST).
- The work order is for constructing a Medical College, a 500-bedded hospital, and ancillary buildings at Sindhudurg.
- The work is to be completed on an ‘EPC Lumpsum basis’ within 30 months from the date of receipt of the Letter of Acceptance.
- The Letter of Acceptance was received on August 13, 2024.
- The work does not involve any related party transactions.