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Vascon Engineers jumps 6.48% after securing Rs 198.00 crore contract from State Bank of India

16-Oct-26 09:23 Hrs IST

Vascon Engineers Ltd. is up 6.48% to Rs 32.2, building on recent gains and rising 5.37% over the last week.

Vascon Engineers Limited announced it has received a Letter of Acceptance from State Bank of India for Rs 198.00 crore (excluding taxes) to construct SBILD, residential flats, and other commercial outfits in Hinjewadi, Pune, Maharashtra. The project, awarded by the State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune, is slated for completion within 24 months and does not involve any related party transactions or promoter group interests.

Trading volume totaled 16689 shares today, a decrease of 46.41% from the one-week average. Vascon Engineers Ltd. tumbled by 51.62% year-over-year, underperforming the 9.19% loss recorded by the NIFTY50 index.

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