Rs 161.18 crore redevelopment Letter of Intent from MSEBHCL

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.5%Reaction day

₹70.31

prior close

₹69.96

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.3% vs market

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+1.5+0.2+1.3

Next day

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AI summary

Vascon Engineers received a Letter of Intent from MSEB Holding Company Limited to redevelop the Saudamini building at Plot No. 9, Haji Ali Park, Mahalaxmi, Mumbai. The domestic redevelopment work is valued at Rs 161.18 crore, excluding GST and insurance, and should be completed within 36 months.

Likely market impact

Adds a government-linked project worth Rs 161.18 crore and may support revenue over 36 months, but margins and execution timing are not stated.