Top Stories

Vascon Engineers secures ₹262.19 crore contract for government medical college project

Oct 9, 2023

By: BlinkX Research Team

Vascon Engineers Limited has announced the receipt of a Letter of Intent (LoI) from BRIDGE AND ROOF CO. INDIA LTD, a Government of India Enterprise. The LoI is for a contract worth Rs. 262.19 Crores, including GST, and it pertains to the Planning, Designing, Construction, IT (Networking), and Maintenance of a Government Medical College in District Kanker, Chhattisgarh. 

This project falls under the purview of Chhattisgarh Medical Services Corporation Ltd., a Government of Chhattisgarh initiative, and will be executed on an 'Engineering, Procurement, and Construction (EPC) Basis.'

The project is slated for completion within 24 months from the commencement date. Importantly, none of the Promoters or members of the Promoter Group have any financial interest in this project. Furthermore, this project does not fall within the scope of Related Party Transactions.