Vascon Engineers Limited receives LOA for order amounting to Rs. 515.63 Crores

Vascon Engineers Limited has received Letter of Acceptance from Uttar Pradesh Public Works Department for the following two projects namely:

1. Establishment of New Medical College attached with existing District Hospital, Bijnor amounting to Rs. 246.09 Crores. The work has been awarded on 'Design and Built Lumpsum Basis'. The work has to be completed within 18 months from the date of receipt of Letter of Acceptance.

2. Establishment of New Medical College attached with existing District Hospital, Kaushambi amounting to Rs. 269.54 crores. The work has been awarded on 'Design and Built Lumpsum Basis'. The work has to be completed within 18 months from the date of receipt of Letter of Acceptance.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.18.65 as compared to the previous close of Rs. 17.6. The total number of shares traded during the day was 3518871 in over 299 trades.

The stock hit an intraday high of Rs. 19 and intraday low of 18. The net turnover during the day was Rs. 63893718.

Source : Equity Bulls

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