Vascon Engineers gets work order worth Rs83.5cr; stock rallies 11.5%

The work has to be completed within 12-months from the 10th date of issue of work order (i.e. February 26, 2019).

Feb 28, 2019 09:02 IST India Infoline News Service

Vascon Engineers ZOOMS
Vascon Engineers has received work order amounting to Rs83.52cr from Airport Authority of India.

The company has received Work Order from Airport Authority of India, a Domestic Entity for the work of Building the Airport including Civil Finishes and MEP at Adampur (PB) on design and build basis amounting to Rs83.52cr (excluding GST), the company said in the BSE filing.

The work has to be completed within 12-months from the 10th date of issue of the work order (i.e. February 26, 2019).

Vascon Engineers Ltd is currently trading at Rs16 up by Rs1.65 or 11.5% from its previous closing of Rs14.35 on the BSE. The scrip opened at Rs16 and has touched a high and low of Rs16.45 and Rs15.65 respectively.

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