Vascon Engineers Secures Rs. 260 Crore Hospital Project
Filing Summary
Vascon Engineers Limited has received a work order valued at Rs. 260 Crore from the Navi Mumbai Municipal Corporation. The contract involves the construction of a Super Specialty Hospital at Plot No. 4, Sec15A, C. B. D Belapur, Navi Mumbai. The project will be executed on an Engineering, Procurement, and Construction (EPC) basis and is scheduled for completion within 36 months. This domestic contract does not involve any related party transactions. The order is part of the company’s ongoing efforts to expand its presence in the healthcare infrastructure sector.
Vascon Engineers Limited has been awarded a work order by the Navi Mumbai Municipal Corporation for the construction of a Super Specialty Hospital. The project is located at Plot No. 4, Sec15A, C. B. D Belapur, Navi Mumbai. The total value of the contract is Rs. 260 Crore, inclusive of GST.
The contract will be executed on an Engineering, Procurement, and Construction (EPC) basis. The timeline for the completion of the project is set at 36 months from the date of the work order issuance. This project is a domestic contract and does not involve any international entities.
The work order specifies that the construction must adhere to the terms and conditions outlined by the Navi Mumbai Municipal Corporation. There are no related party transactions involved in this contract, and it is not associated with any interests from the promoter or promoter group of Vascon Engineers.
The Navi Mumbai Municipal Corporation is responsible for urban planning and infrastructure development in the Navi Mumbai region. The corporation focuses on enhancing public amenities, including healthcare facilities, to serve the growing population in the area.
Vascon Engineers Limited is a construction company engaged in the development of residential, commercial, and industrial projects. The company continues to expand its portfolio in the healthcare infrastructure sector, aligning with its strategic focus on diversifying project types and increasing its footprint in public sector projects.