Vascon Engineers Secures ₹116 Cr Lotus Park Project from Ahmedabad Municipal Corp

• Vascon Engineers Ltd received a Letter of Intent (LoI) from Ahmedabad Municipal Corporation on March 11.
• The ₹115.9 crore (excluding GST) order is for developing Lotus Park in Ahmedabad's South West Zone.
• The project covers 54,000 square metres and will be executed on an EPC (engineering, procurement and construction) basis.
• Work is scheduled for completion within 24 months from the date of issuance of the work order.
• Company shares closed 1.24% lower at ₹34.16 ahead of the announcement, having declined 38.7% over the past six months.