Vascon Engineers bags Rs 1186 cr projects; stock up

MUMBAI: Vascon Engineers has bagged contracts aggregating Rs 1186 crores. It has formed a limited liability partnership with Renaissance Micro Infrastructure & Realty for constructing industrial and logistic park at Bhiwandi. The cost of the project is around Rs 1000 crores to be completed in 5 years.

The second contract is worth Rs 186 crores for civil work construction of “Parthenon” Phase II in Mumbai from Ecstasy Realty. The time frame for completion of the project is 3 years.

The stock was at Rs 95.80, up 7.40 per cent on the NSE. It touched a high of Rs 97.50 and low of Rs 92 in trade so far.