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Vascon Engineers Ltd receives Work Order amounting to Rs.70.53 Crores from PWD, Chennai

Posted On: 2018-05-15 17:36:39

Vascon Engineers Ltd has received Work Order from Public Works Department (PWD), Chennai regarding the Additional Work in Operation Theatres, additional amenities towards ICU, IMUC etc and other works in Tower 1 to 3 of Government Medical College Hospital, Chennai amounting to Rs. 70.53 crores. The work has to be completed within 12 months from the date of receipt of Work Order.

None of the Promoter / Promoter Group has any interest in the aforesaid work.BR>
BR>
Furtherahead, the aforesaid work doesn't fall under the ambit of Related Party Transactions.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.32.95 as compared to the previous close of Rs. 33.65. The total number of shares traded during the day was 107388 in over 380 trades.

The stock hit an intraday high of Rs. 34.1 and intraday low of 32.25. The net turnover during the day was Rs. 3541551.


Source: Equity Bulls

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