|
The work order entails construction contracting works for Chennai Sipcot base built construction project at Chennai in Tamil Nadu.
The work has to be completed is 30 months from the date of award.
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 civil construction company's consolidated net profit declined 8.8% to Rs 20.66 crore on 0.1% decrease in net sales to Rs 217.10 crore in Q2 FY24 over Q2 FY23.
|