Vascon Engineers has secured two significant construction orders totaling ₹310.89 crore, marking a notable expansion in its project portfolio.

Order Details

1. Goa Ropeway Project

   • Value: ₹225.46 crore
   • Client: Royal Rides Pvt Ltd, Goa
   • Scope: Construction of terminal buildings and ropeway towers
   • Location: Panaji and Reis Magos, Goa
   • Duration: 36 months from the date of Letter of Intent

2. Commercial Building in Pune

   • Value: ₹85.43 crore
   • Location: Pune
   • Duration: 3 years

Goa Ropeway Project Specifics

The company has received a Letter of Intent from Royal Rides Pvt Ltd for the Goa project. The scope of work includes:

• Construction of two terminal buildings
• Ropeway tower foundation works
• Other site development activities

Note: Contract value excludes GST and Labour Cess

Project Significance

These contracts, especially the Goa ropeway project, represent substantial opportunities for Vascon Engineers, showcasing the company's capabilities in handling large-scale infrastructure projects. The ropeway project could play a crucial role in enhancing Goa's tourism offerings, potentially linking key locations and providing visitors with a unique travel experience.

Company Disclosure

In compliance with regulatory requirements, Vascon Engineers has made the following disclosures for the Goa project:

• The contract is with a domestic entity and does not involve any international components.
• None of the company's promoters, promoter group, or group companies have any interest in Royal Rides Pvt Ltd.
• The contract does not fall under related party transactions.

Market Impact

The announcement of these significant contracts is likely to be viewed positively by investors and market analysts. It demonstrates Vascon Engineers' ability to secure large projects and diversify its order book, which could potentially impact the company's future revenue streams and market position.

As Vascon Engineers embarks on these new projects, stakeholders will be keen to monitor their execution and the potential impact on the company's financial performance in the coming quarters.

Vascon Engineers Limited , a prominent player in the construction and real estate sector, has announced a significant new project win, bolstering its order book and market position.

Project Details

The company has received an order from Royal Rides Pvt Ltd for a substantial infrastructure project in Goa. The contract, valued at ₹225.46 crore, involves the construction of two terminal buildings and ropeway tower works. These structures will be strategically located in Panaji and Reis Magos, two key areas in the popular tourist state of Goa.

Scope of Work

The project encompasses:

• Construction of two terminal buildings
• Ropeway tower works
• Site development work
• Locations: Panaji and Reis Magos, Goa

This ropeway project is expected to enhance the tourism infrastructure in Goa, providing a unique transportation and sightseeing experience for visitors.

Project Timeline

The project is scheduled to be completed within 36 months from the date of commencement.

Impact on Vascon Engineers

This new contract represents a significant addition to Vascon Engineers' project portfolio. The ₹225.46 crore project value indicates the scale and importance of this undertaking for the company. Such large-scale projects can potentially have a positive impact on the company's revenue and market presence in the infrastructure sector.

Looking Ahead

The securing of this contract demonstrates Vascon Engineers' capability to win and execute significant infrastructure projects. As the company moves forward with this new venture, stakeholders will likely be watching closely to see how it impacts the company's performance in the competitive construction and infrastructure development market.

Investors and market analysts may want to monitor Vascon Engineers' project execution and any future updates regarding this Goa ropeway project, as it could be a significant contributor to the company's financial performance in the coming quarters.