Vascon Engineers Ltd

Monday, May 23, 2011


VASCON ENGINEERS LIMITED announced that the Company obtained two orders  aggregating to Rs 11.86 billion. The Company has formed a Limited Liability partnership with Renaissance Micro Infrastructure & Realty Pvt. Ltd for constructing industrial and logical park at the village Vashere, Bhiwadi.

The company secured an order for around Rs 10 billion by forming a limited liability partnership with Renaissance Micro Infrastructure & Realty for constructing industrial and logistic park at village Vashere, Bhiwandi. The total area of the project is 16 million square feet and the value is about INR1,000 crore (INR10 billion) (approximately) which will be completed in span of five years.

The company secured another order aggregating to Rs 1.86 billion for civil work construction of 'Parthenon' Phase II in Mumbai from Ecstasy Realty Pvt. Ltd., the project will be executed in three years. The project has to be executed in three years.

SHARES - Vascon Eng bags new projects worth Rs 1186cr; stock up 5%

At the BSE, Vascon Engineering closed Monday's trading at Rs.88.70, up by 0.23 percent from the previous close. The stock hit an intraday high of Rs.91 and low of Rs.85.35.

Vascon Engineers touched an intraday high of Rs 93.85 and an intraday low of Rs 92.20. At 09:25 hrs the share was quoting at Rs 93.20, up Rs 4.50, or 5.07%.

It was trading with volumes of 8,324 shares. In the previous trading session, the share closed up 0.23% or Rs 0.20 at Rs 88.70.

Shares of the company gained Rs 0.2, or 0.23%, to settle at Rs 88.70. The total volume of shares traded was 6,999 at the BSE (Monday).


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