Vascon Engineers: Rs 131.58 Crore Reliance Work Order Cancelled

Major Contract CancelledBusiness Updates View source PDF

VASCONEQ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.3%1-day move

₹32.10

prior close

₹32.48

base price

After-mkt

timing

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-2.4—-0.5-2.7+1.3—————————

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AI summary

Vascon Engineers disclosed that Reliance Industries Limited has cancelled a work order worth Rs. 131.58 Crore (excluding GST) for construction of 4 G+12 FLL type buildings at Sector-3, RG Expansion, Jamnagar. The original Letter of Intent was received on May 18, 2026. No execution had commenced before the cancellation.

Likely market impact

Negative for Vascon. Loss of a Rs 131.58 Crore order, though no work had begun so execution cost impact is limited.