Vascon Engineers Secures Rs 661 Crore Qualcomm Contract

Business Standard Markets · stocks

Vascon Engineers' shares rose 3.18% to Rs 34.38 following the announcement of a significant work order from Qualcomm India. The contract, valued at Rs 660.79 crore, is for the construction of an office facility, including three basements and twelve floors, along with associated infrastructure in Bengaluru. This project is slated for completion within 30 months from the site handover date. The Pune-based EPC company, Vascon Engineers, will undertake this development, contributing to its project portfolio.