Vascon Engineers gains 3.5% on receipt of Letter of Intent amounting to Rs31.57cr

Epicons Consultants wants construction of new academic building for South Indian Education Society in Navi Mumbai.

Sep 15, 2020 01:09 IST India Infoline News Service

Vascon Engineers ZOOMS
Vascon Engineers Limited informed the exchanges Tuesday that it has received Letter of Intent amounting to Rs31.57cr (excluding GST) from Epicons Consultants Pvt. Ltd for construction of new academic building for South Indian Education Society at TTC Industrial Area. Navi Mumbai.

The work has been awarded on 'Item Rate Basis' and has to be completed within 12-months from the date of receipt of this Letter of Intent. 

Vascon Engineers is currently trading at Rs9.76, up by Rs0.33 or 3.50% from its previous closing of Rs9.43 on the BSE. The scrip opened at Rs9.40 and has touched a high and low of Rs9.81 and Rs9.40 respectively.

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