STOCKWATCH

Vascon Engineers Ltd Receives Rs. 161.18 Crore LOI for Saudamini Building Redevelopment

Vascon Engineers Ltd has received a Letter of Intent (LOI) from MSEB Holding Company Limited for the redevelopment of the ‘Saudamini’ building in Mumbai, amounting to Rs. 161.18 Crore (excluding GST and Insurance). The project is expected to generate a total value of Rs. 161.18 Crores and will be completed within 36 months. The work does not fall under the ambit of Related Party Transactions.

• Vascon Engineers Ltd receives LOI for Saudamini building redevelopment
• Project value: Rs. 161.18 Crore (excluding GST and Insurance)
• To be completed within 36 months
• Does not fall under Related Party Transactions
• MSEB Holding Company Limited is the awarding entity