DCS Solar Energy Ltd and Vascon Engineers Ltd consortium receives Letter of Award from Government of Goa

A consortium of DCS Solar Energy Limited ("DCS") and Vascon Engineers Limited ("Vascon") has received Letter of Award from Government of Goa for Development of International Convention Centre at Dona Paula, Goa on Design, Build, Finance, Operate, Transfer (DBFOT) basis.

The project is on Public Private Partnership ("PPP") basis where DCS is the Lead Member and Vascon is the Construction Partner.

The value of construction and tenure would be finalized upon completion of the design development phase.

The scope of the work involves construction of a 5,000 persons capacity convention centre along with the allied construction to support the convention centre on a parcel of land that is around 28 acres.

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 25.75 as compared to the previous close of Rs. 24.55. The total number of shares traded during the day was 169228 in over 405 trades.

The stock hit an intraday high of Rs. 25.75 and intraday low of 24.3. The net turnover during the day was Rs. 4336033.

Source : Equity Bulls

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