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Vascon Engg spurts on bagging LoA for two projects

·1-min read

The first project entails establishment of new medical college attached with existing District Hospital, Bijnor amounting to Rs 246.09 crore. The work has been awarded on design and built lumpsum basis. The work has to be completed within 18 months from the date of receipt of letter of acceptance.

The second project is for establishment of new medical college attached with existing District Hospital, Kaushambi amounting to Rs 269.54 crore. The work has been awarded on design and built lumpsum basis. The work has to be completed within 18 months from the date of receipt of letter of acceptance.

The company's consolidated net profit declined 82.5% to Rs 5.30 on a 47.9% increase in net sales to Rs 154.62 crore in Q3 FY21 over Q3 FY20.

Vascon Engineers is engaged in the business of engineering, procurement and construction services (EPC) and real estate development.



Source: Capitalmarket.com