Vascon Engineers bags Rs 347.43 Cr order from CPWD for RBI Quarters project

Govt Defence OrderBusiness Updates View source PDF Explain this filing

VASCONEQ · price

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

+5.0%Reaction day

₹33.08

prior close

₹34.73

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+6.1% vs market

On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Vascon Engineers received a Rs 347.43 Crore work order (including GST) from Central Public Works Department (CPWD), Government of India, for demolition and re-development of RBI Quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The project is on EPC basis and must be completed within 36 months. It is a domestic contract with no related party interest.

Likely market impact

Significant government order adds to order book and provides revenue visibility over the next 36 months.