Vascon Engineers Ltd receives LoI amounting to Rs. 225.46 crores

Vascon Engineers Limited has received Letter of Intent amounting to Rs. 225.46 Crores [Two Hundred Twenty-Five Crores and Forty-Six Lakhs (excluding GST & Labour Cess)] from Royal Rides Pvt Ltd for "Construction of Two Terminal Buildings along-with Ropeway Tower works at Panaji and Reis Magos, Goa". The work has been awarded on 'Design and Build basis'.

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

Shares of Vascon Engineers Limited was last trading in BSE at Rs. 41.42 as compared to the previous close of Rs. 41.98. The total number of shares traded during the day was 127905 in over 990 trades.

The stock hit an intraday high of Rs. 42.55 and intraday low of 40.26. The net turnover during the day was Rs. 5280255.00.

Source : Equity Bulls

Keywords

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