Vascon Engineers Ltd receives LOA for order worth Rs. 352.91 crores

Vascon Engineers Limited has received Letter of Acceptance amounting to Rs. 352.91 Crores [Three Hundred Fifty Two Crores and Ninety One Lakhs (including GST)] from Jharkhand State Building Construction Corporation Limited (Govt. of Jharkhand Undertaking), for remaining work of Construction of Medical College and Upgradation of District Hospital at Koderma. The work has been awarded on 'BOQ Basis'.

The work has to be completed within 30 months from the date of letter of acceptance.

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 75.05 as compared to the previous close of Rs. 73.74. The total number of shares traded during the day was 414711 in over 3066 trades.

The stock hit an intraday high of Rs. 76.75 and intraday low of 74.00. The net turnover during the day was Rs. 31216166.00.

Source : Equity Bulls

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