Vascon Engineers rises after bagging order worth Rs 198 crore

Vascon Engineers rose 3.84% to Rs 31.40 after the company received an order worth Rs 198 crore from State Bank of India for the construction of SBILD, residential flats and other commercial facilities at Hinjewadi, Pune, Maharashtra.

The project is to be executed on an EPC basis within 24 months.

Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company had reported a 91.05% drop in consolidated net profit to Rs 2.01 crore on a 31.30% fall in revenue to Rs 151.94 crore in Q1 FY27 as compared with Q1 FY26.

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