iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Vascon Engg jumps on signing redevelopment project in Mumbai

20 Oct 2022 , 10:25 AM

Vascon Engineers announced that it has strengthened its presence in Mumbai by signing its first redevelopment project for Ohm Sainath Cooperative Housing Society located at Santacruz (West) with a total construction area of approximately 180,000 square feet. The company is expecting to complete the project in about three years and generate a total revenue of over Rs 225 crore. The said project is located in a strategic location on the main Linking Road being well-connected to the Airport, Railway Station etc. Lying with the Western Express Highway on one side & Juhu Beach on the other, it is known for its excellent social infrastructure and is abode of high net worth individuals, the company said in a statement. None of the promoter/promoter group has any interest in the aforesaid work, the company added. Vascon Engineers is engaged in the EPC, real estate construction and development business. The real estate business of VEL comprises construction of residential and office complexes along with information technology parks, industrial units, shopping malls, multiplexes, educational institutions and hotels. Under the EPC segment, VEL has executed construction contracts. It primarily caters to government departments and authorities. On a consolidated basis, Vascon Engineers reported net profit of Rs 10.81 crore in Q1 June 2022 as against net loss of Rs 7.03 crore in Q1 June 2021. Net sales rose 80.28% to Rs 201.23 crore in Q1 June 2022 over Q1 June 2021. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.