Vascon Engineers Secures ₹115 Crore Project in Ahmedabad
Filing Summary
Vascon Engineers Ltd. has secured a ₹115.90 crore project from the Ahmedabad Municipal Corporation for the development of Lotus Park. The project will be executed on an EPC basis over 24 months. This addition brings Vascon’s order book to ₹2,825 crore. The company has a capacity to execute approximately 8 million square feet annually and is currently operating at 90% utilization. Vascon Engineers is recognized for its extensive experience in EPC and real estate projects across India.
On March 12, 2026, Vascon Engineers Ltd. announced it has secured a project valued at ₹115.90 crore from the Ahmedabad Municipal Corporation for the development of Lotus Park. The project will be executed on an Engineering, Procurement, and Construction (EPC) basis and is scheduled for completion within 24 months from the issuance of the work order.
The project involves the development of Lotus Park on a 54,000 square meter area in the South West Zone of Ahmedabad. This contract is part of the Building Project of the Ahmedabad Municipal Corporation. The addition of this project increases Vascon’s order book to ₹2,825 crore, which represents a 2.8x coverage of its FY25 EPC revenues.
Vascon Engineers has the capacity to execute approximately 8 million square feet annually and is currently operating at 90% utilization. The company is supported by a team of over 800 project and engineering professionals. This project is expected to contribute to the company’s ongoing municipal infrastructure mandates across India.
About Vascon Engineers Ltd.: Vascon Engineers is a prominent player in the real estate and EPC sectors, recognized as a ‘Fortune Next 500’ firm. With over 39 years of experience, the company has delivered more than 225 projects, covering over 45 million square feet in various sectors including residential, industrial, IT parks, malls, multiplexes, hospitality, and community welfare centers. Vascon Engineers focuses on EPC and premium housing segments, operating in over 30 cities across India.