Announced Wed, 12 Aug · 17:11 IST
Vascon Engineers bags Rs.126.39 Cr hospital order in Maharashtra
VASCONEQ · price
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Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹31.40
prior close
₹32.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-2.0-2.4-1.5+1.6-0.2-1.9-0.9-1.6—————
Up moveDown movePending
AI summary
Vascon Engineers has received a Letter of Intent worth Rs.126.39 Crore (excluding GST) from the Public Works Department, Arvi Division, Wardha Nagpur for building a 300-bed general hospital in Maharashtra. The work is on an item rate basis and must be completed within 24 months from receipt of order. It is a domestic government contract with no promoter or related party interest.
Likely market impact
Adds a meaningful government contract to the order book, supporting revenue visibility over the next 24 months. Positive for the stock in the short term.