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Vascon Engineers zooms on receiving LoA worth Rs 131.53 crore

  • Feb-14-2020
  • 14 Hrs IST

Vascon Engineers is currently trading at Rs. 15.80, up by 0.90 points or 6.04% from its previous closing of Rs. 14.90 on the BSE.

The scrip opened at Rs. 14.95 and has touched a high and low of Rs. 16.25 and Rs. 14.60 respectively. So far 76069 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.87 on 31-Jan-2020 and a 52 week low of Rs. 10.00 on 02-Aug-2019.

Last one week high and low of the scrip stood at Rs. 16.25 and Rs. 14.60 respectively. The current market cap of the company is Rs. 267.21 crore.

The promoters holding in the company stood at 36.07%, while Institutions and Non-Institutions held 0.20% and 63.73% respectively.

Vascon Engineers has received Letter of Acceptance (LoA) from Mumbai Metro Rail Corporation (A Joint Venture of Government of India & Government of Maharashtra) for ‘Construction of Residential cum Commercial high-rise building at Kalbadevi for rehabilitation of Metro Line -3 amounting to Rs 131.53 crore inclusive of taxes except GST on Item Rate Basis'. The work has to be completed within 54 months from the date of signing of agreement.

Vascon Engineers is one of the foremost listed real estate companies headquartered in Pune with over 30 years of experience delivering 200+ projects spanning over 50 million square feet of landmark developments across residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centers.