Vascon Engineers Bags ₹161.18 Crore Redevelopment Order in Mumbai

Pune, Friday, October 10, 2025 — Vascon Engineers Ltd (BSE: 533156, NSE: VASCONEQ), reports that the Company has won an LOI valued at ₹161.18 crore from MSEB Holding Company Limited for redevelopment work of the “Saudamini” Building situated at Mahalaxmi, Mumbai.

Project Highlights

VASCON Engineers Ltd said it had secured a domestic redevelopment order worth ₹ 161.18 crore from MSEB Holding Company Limited. Redevelopment work will be carried out for the “Saudamini” building situated at Haji Ali Park, Mahalaxmi, Mumbai. The work will be completed within 36 months.

The firm also ensured that this contract is a regular business order and doesn’t have any promoter interest or related party transactions. The order strengthens VASCON’s presence in the urban redevelopment segment, reinforcing its execution capabilities in premium real estate projects.

Stock Performance

VASCON Engineers Ltd stock closed the session at ₹69.30, lower by 2.71% on October 10, 2025. VASCON Engineers Ltd stock rose by 27% ytd, 82% so far in the last six months, and 24% over the past one yearly.

VASCON Engineers Ltd. commenced the session from the level of ₹71.59 and rose to the intraday high level of ₹74.59, the 52-week high, before declining to the level of ₹68.35. The firm is valued presently at the level of ₹1,580 crore market capitalisation, as well as P/E multiple level of 10.92.

Vascon Engineers Limited is a Pune-based, publicly owned construction and real estate development firm that is actively involved in the EPC business, residencies, as well as commercial constructions. The business has accomplished diversified projects across all over India such as IT centers, industrial plants, institutions, and cleanrooms.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f3d5d06-4e62-4283-bcc1-e4ac16423bf8.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations