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Vascon Engineers secures ₹352.91 crore contract for medical college and hospital upgradation

Oct 10, 2023

By: BlinkX Research Team

Vascon Engineers Limited, a player in the construction and real estate development sector, has added another feather to its cap with a substantial contract win.

Contract Details: The company has been awarded a Letter of Acceptance valued at Rs. 352.91 Crores (including GST) from the Office of the Manager-Cum Executive Engineer, Jharkhand State Building Construction Corporation Limited. This state-owned entity operates under the Government of Jharkhand.

The contract pertains to the remaining work for the Construction of a Medical College and Upgradation of the District Hospital located in Koderma, Jharkhand.
The award of this contract follows a 'BOQ Basis' selection process, ensuring transparency and efficiency in project execution.
 

Project Timeline: Vascon Engineers is entrusted with completing this significant project within a timeline of 30 months from the date of the Letter of Acceptance.
No Promoter Interest and Non-Related Party Transaction:

This achievement underscores Vascon Engineers' expertise and continued success in securing substantial contracts in the construction and infrastructure development sector. The company's commitment to delivering quality projects and its ability to win competitive bids are key drivers of its continued growth.