Vascon Engineers and DCS Solar receives LoA from Goa Govt to develop International Convention Centre

The value of construction and tenure would be finalized upon completion of the design development phase.

Sep 02, 2021 09:09 IST India Infoline News Service

Vascon Engineers ZOOMS
Vascon Engineers Ltd has informed that a consortium of DCS Solar Energy Limited (“DCS”) and the company (“Vascon”) has received Letter of Award from Government of Goa for Development of International Convention Centre at Dona Paula, Goa on Design, Build, Finance, Operate, Transfer (DBFOT) basis.

Accordingly, the project is on Public Private Partnership (“PPP”) basis where DCS is the Lead Member and Vascon is the Construction Partner.

The value of construction and tenure would be finalized upon completion of the design development phase.

Further, the scope of the work involves construction of a 5,000 persons capacity convention centre alongwith the allied construction to support the convention centre on a parcel of land that is around 28 acres, said company in a regulatory filing.

At around 9:17 AM, Vascon Engineers was trading at Rs26.10 up by 1.36% on the BSE.

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