Vascon Engineers Limited receives work order for construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Project from Reliance Industries Limited, Jamnagar
VASCONEQ · price
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Vascon Engineers Limited has received a Letter of Intent worth Rs.131.58 crore from Reliance Industries Limited for constructing 04 G+12 FLL type buildings at Sector-3 of the RG Expansion Project in Jamnagar. The project will be executed on a Bill of Quantities (BOQ) basis and is to be completed within 19 months from the date of receipt. This is a domestic construction order from one of India's largest conglomerates. The company has confirmed that no promoter group or related party is involved in this transaction, and it does not fall under related party transactions.
This is a significant contract win for Vascon Engineers, representing a major project from a top-tier client like Reliance Industries. The Rs.131.58 crore order is likely to contribute meaningfully to the company's order book and revenue visibility over the next 19 months, providing earnings stability.