Vascon Engineers Limited receives Letter of Intent from Crest Ventures Limited

Vascon Engineers Ltd has received Letter of Intent amounting to approximately Rs. 5.62 Crores plus applicable taxes from Crest Ventures Limited for Civil, Gypsum, Waterproofing & Allied Works for construction of residential cum commercial building consisting of part basements, and G+9 floors at Crest @Park (Bashiron), Bandra (W), Mumbai. The work has been awarded on Item Rate Basis. The work has to be completed within 8 months from the date of receipt of this letter of intent.

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 29.05 as compared to the previous close of Rs. 29.95. The total number of shares traded during the day was 116665 in over 729 trades.

The stock hit an intraday high of Rs. 29.40 and intraday low of 28.90. The net turnover during the day was Rs. 3398454.00.

Source : Equity Bulls

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