Vascon Engineers Limited has informed the Exchange about Bagging/Receiving of orders/contracts for Demolition and Re-development of RBI Quarters at Zoo-Narengi Road Colony, Guwahati, Assam of Rs. 347.43 Crore
VASCONEQ · price
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Vascon Engineers has won a contract worth Rs. 347.43 Crore for the demolition and re-development of RBI (Reserve Bank of India) Quarters at Zoo-Narengi Road Colony in Guwahati, Assam. The project involves both demolition of existing structures and construction of new RBI residential quarters. This is a sizeable, government-backed contract from a central institution client. Such orders add long-term revenue visibility to the company's order book. The work is expected to span several quarters, depending on project timelines.
This contract strengthens Vascon's order pipeline and provides multi-year revenue visibility, with lower collection risk since the client is the RBI, a sovereign-backed entity. The stock may see positive short-term sentiment on the back of this win.