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Vascon Engineers gains on order win

Nidhi Jani
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Vascon Engineers gains on order win

Vascon Engineers today gained nearly 8 per cent on the bourses on the order win for construction of Raj Bhawan.

The said project is amounting to Rs. 505.54 crore. This project has been received from the Public Works Department, Chhattisgarh to construct a Chief Minister’s house in Raipur, Chhattisgarh. The project needs to be completed within 24 months.

Recently in September 2019, company has received orders amounting to Rs. 465 crores from Maharashtra State Police. Total order intake in current fiscal stood at Rs. 1245 crore. Also, the total external order book stood at Rs. 1900 crores.

Vascon Engineers Limited is an engineering, procurement and construction (EPC) company engaged in real estate development, hospitality, building and manufacturing management system (BMS).

Today, the stock opened at Rs. 13 and jumped nearly 8 per cent and made an intraday high of Rs. 13.40 on the BSE. The stock finally settled the day at Rs. 12.55 on the BSE. The stock had hit 52 week high of Rs. 23.50 on 17-Oct-2018 and a 52 week low of Rs. 10 on 02-Aug-2019.

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