Vascon Engineers Bags ₹660.79 Crore Qualcomm Project; Shares Rise 8.71%

Mumbai, September 25: Vascon Engineers has secured a ₹660.79 crore project from Qualcomm India Private Limited for the development of a new office facility in Bengaluru, giving the construction company another sizeable commercial project in its order pipeline.

The contract covers the construction of Block K, including three basements, a ground floor and 12 floors, along with associated infrastructure. The project is to be completed within 30 months from the date of site handover.

As per regulatory filing, Qualcomm India has awarded Vascon Engineers a Design and Build, GMP contract for the development of the Bengaluru office facility.

The scope is not limited to the main building. It also includes associated infrastructure, with the proposed Block K comprising three basement levels, a ground floor and 12 floors.

The total contract value stands at ₹660.79 crore, including taxes. Vascon Engineers said the execution period will run for 30 months from the date the site is handed over to the company.

Stock Market Snapshot

The Vascon Engineers share price was trading at ₹36.19 as of 9:28 AM IST on September 25, 2026, according to the market data shown. The stock was up ₹2.90, translating into a gain of 8.71%.

The shares traded around ₹36.50 shortly after the start of the available session and moved towards ₹36.70 before settling at ₹36.19 at the latest timestamp shown.

The movement came as the company disclosed the ₹660.79 crore Qualcomm India project to the exchanges.

Bengaluru Project To Run For 30 Months

The Qualcomm India project is classified as a domestic contract and has been awarded by Qualcomm India Private Limited.

Under the disclosed terms, Vascon Engineers will be responsible for the development of the office facility and related infrastructure. The company has been given 30 months to complete the work once the site is handed over.

The filing also states that the transaction does not involve a promoter or promoter group interest in the awarding entity and does not fall under a related-party transaction.

Order Adds To Vascon’s Construction Pipeline

The new contract gives Vascon Engineers a substantial project in Bengaluru, one of India’s major commercial and technology hubs.

The project combines a sizeable office development with associated infrastructure work, giving the company a defined execution pipeline over the next 30 months. The company has not disclosed a separate value split between the building component and the associated infrastructure.

For the company, the order also adds another large corporate project to its construction portfolio.

About Vascon Engineers

Vascon Engineers operates in the engineering, construction and real estate development space, with experience across residential, commercial and institutional projects.

The company undertakes construction assignments for corporate and institutional clients and has built its business around executing projects across different segments of the built environment.

Conclusion

Vascon Engineers has received a ₹660.79 crore Design and Build, GMP contract from Qualcomm India for a new office facility in Bengaluru.

The project will comprise three basements, a ground floor and 12 floors, along with associated infrastructure, and is scheduled for completion within 30 months from site handover. Meanwhile, the Vascon Engineers share price was at ₹36.19, up 8.71%, as of 9:28 AM IST on September 25, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/VASCONEQ/Vascon-Engineers-Limited
• https://nsearchives.nseindia.com/corporate/VASCONEQ_25092026073623_24092026LetterofIntent_V3_Changes_Sd.pdf