Deals14 Oct 2024, 05:17 pm
Vascon Engineers Secures Rs. 57 Crore Order from Mumbai Metro Rail Corporation
AI Summary
Vascon Engineers Limited has received a Letter of Acceptance from Mumbai Metro Rail Corporation Limited for the construction of a Commercial Building at Kalbadevi Girgaon, amounting to Rs. 57,22,65,512.75 (Excluding GST). The work, awarded on 'Percentage rate basis', is for the rehabilitation of Metro Line 2/3 PAP's at Kalbadevi Girgaon and is to be completed within 28 months from the date of receipt of the Letter of Acceptance. Neither the Promoter nor the Promoter Group has any interest in this work, and it does not fall under the ambit of Related Party Transactions.
Key Highlights
- Vascon Engineers has secured a Rs. 57 crore order from Mumbai Metro Rail Corporation Limited.
- The order is for the construction of a Commercial Building at Kalbadevi Girgaon.
- The work is to be completed within 28 months from the date of receipt of the Letter of Acceptance.
- The order does not involve any interest from the Promoter or Promoter Group.
- The order does not fall under the ambit of Related Party Transactions.