Vascon engineers bags Mumbai redevelopment project worth ₹161 crores
Vascon Engineers Ltd. has received a Letter of Intent (LOI) from MSEB Holding Company Limited for the redevelopment of the "Saudamini" Building at Plot No.9 of Haji Ali Park, Mahalaxmi, Mumbai. The project is valued at ₹161.18 crores, excluding GST and insurance. This contract was disclosed on October 9, 2025.
The domestic project is expected to be completed within 36 months on a redevelopment basis. The company clarified that neither the promoter nor the promoter group has any interest in the entity that awarded the contract, and the transaction does not fall under related party transactions.
This new order is a notable addition to Vascon Engineers' portfolio, highlighting its continued activity in the urban development sector.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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