Announced Fri, 25 Sept, 2026 · 07:36 IST
Vascon Engineers bags Rs 660.79 Crore office development order from Qualcomm India
VASCONEQ · price
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Price reaction · full curve 14 horizons · vs prior close
+5.2%1-day move
₹33.31
prior close
₹37.00
base price
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AI summary
Vascon Engineers has received a Letter of Intent from Qualcomm India for developing an office facility (Block K) at Bengaluru. The project includes three basements, ground plus 12 floors and associated infrastructure. Contract value is Rs 660.79 crore including taxes on a Design and Build GMP basis. Completion timeline is 30 months from site handover. The order is domestic and there is no promoter or related party interest.
Likely market impact
Large order from a reputed multinational client strengthens order book and provides revenue visibility over the next 30 months.