Vascon Engineers Ltd receives LoA from Bihar Medical Services & Infrastructure Corporation Ltd

Vascon Engineers Limited has received Letter of Acceptance amounting to Rs. 605.65 Crores (Six Hundred Five Crores and Sixty Five lakhs) (including GST) from Bihar Medical Services & Infrastructure Corporation Limited (A Government of Bihar undertaking), for Construction of Lohia Medical College & Hospital including Hospital and Residential Building, Supaul. The work has been awarded on 'EPC basis'.

The work has to be completed within 36 months from the date of receipt of Letter of Acceptance.

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 60.16 as compared to the previous close of Rs. 59.95. The total number of shares traded during the day was 614739 in over 2396 trades.

The stock hit an intraday high of Rs. 61.39 and intraday low of 58.47. The net turnover during the day was Rs. 36908884.00.

Source : Equity Bulls

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