Vascon Engineers receives LoI for Rs. 31.57 crore order

Vascon Engineers Limited receives Letter of Intent amounting to Rs. 31.57 Crores from M/s EPICONS CONSULTANTS PVT.LTD for 'Construction of New Academic Building for South Indian Education Society at TTC Industrial Area, Navi Mumbai'.

The work has been awarded on 'Item Rate Basis'. The work has to be completed within 12 months from the date of receipt of this Letter of Intent.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.9.43 as compared to the previous close of Rs. 9.46. The total number of shares traded during the day was 6929 in over 43 trades.

The stock hit an intraday high of Rs. 9.71 and intraday low of 9.43. The net turnover during the day was Rs. 65954.

Source : Equity Bulls

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