Vascon Engineers Ltd receives Letter of Intent from BRIDGE AND ROOF CO. INDIA LTD

Vascon Engineers Limited has received Letter of Intent amounting to Rs. 262.19 Crores [Two Hundred Sixty Two Crores and Nineteen lakhs (including GST)] from BRIDGE AND ROOF CO. INDIA LTD (A Government of India Enterprise), for Planning, Designing, Construction, IT (Networking) and Maintenance of Government Medical College at District Kanker, Chhattisgarh under Chhattisgarh Medical Services Corporation Ltd., (Government of Chhattisgarh). The work has been awarded on 'EPC Basis'.

The work has to be completed within 24 months from the date of commencement.

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 72.64 as compared to the previous close of Rs. 69.91. The total number of shares traded during the day was 1619195 in over 8021 trades.

The stock hit an intraday high of Rs. 75.05 and intraday low of 70.36. The net turnover during the day was Rs. 118426041.00.

Source : Equity Bulls

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