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The works contract has been awarded from Bihar Medical Services & Infrastructure Corporation on ‘EPC' (engineering, procurement and construction) basis.
The project has to be completed within 36 months from the date of receipt of LoA.
Vascon Engineers is engaged in the EPC, real estate construction and development business. The real estate business of VEL comprises construction of residential and office complexes along with information technology parks, industrial units, shopping malls, multiplexes, educational institutions and hotels. Under the EPC segment, VEL has executed construction contracts. It primarily caters to government departments and authorities.
The company's consolidated net profit rose 10.1% to Rs 11.90 crore on 1.6% increase in net sales to Rs 204.46 crore in Q1 FY24 over Q1 FY23.
The counter hit a 52-week high of Rs 65.57 in intraday today, on the BSE.
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