Thursday , October 21 2021

Vascon Engineers advances on getting LoI worth Rs 172 crore from Tycoons Avanti Projects LLP

Vascon Engineers is currently trading at Rs. 16.25, up by 0.88 points or 5.73% from its previous closing of Rs. 15.37 on the BSE.

The scrip opened at Rs. 16.30 and has touched a high and low of Rs. 16.57 and Rs. 15.95 respectively. So far 165390 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 36.25 on 28-May-2018 and a 52 week low of Rs. 12.51 on 14-May-2019.

Last one week high and low of the scrip stood at Rs. 16.57 and Rs. 13.05 respectively. The current market cap of the company is Rs. 285.91 crore.

The promoters holding in the company stood at 34.25%, while Institutions and Non-Institutions held 0.36% and 65.39% respectively.

Vascon Engineers has received Letter of Intent (LoI) from Tycoons Avanti Projects LLP, a Domestic Entity for construction of ‘Sale & Rehab Building’ on design and build basis amounting to Rs 172 crore plus applicable taxes. The work has to be completed within 30 months from the date of receipt of work order.

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.

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