Vascon receives Rs 72 crore LOI for Astoria residential project

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.4% vs market

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AI summary

Vascon Engineers received a letter of intent from Neobridge Realty LLP for EPC construction of the Astoria residential building in Bandra, Mumbai. The order is worth Rs 72 crore excluding taxes and covers shell and core work, including RCC, anti-termite treatment, allied work and STP work. Completion is planned within 25 months. No promoter or related-party interest was reported.

Likely market impact

Adds Rs 72 crore to order visibility and may support near-term revenue, subject to execution, cost and margin risks.