Vascon Engineers Limited reports a new order or contract
In short
Vascon Engineers Limited said it received a letter of acceptance from State Bank of India for construction work at SBILD, residential flats and other commercial outfits in Hinjewadi, Pune, Maharashtra, amounting to Rs. 198 crore. The value of the order is Rs. 198 crore. In simple terms, the company has won a large building contract from SBI to carry out construction in Pune. No closing or validity date for the order was stated.
Why it matters
A new contract or order has been announced — the filing's stated order value (if any) is the number to check against the company's run-rate. This brief was written from the filing itself: at the time of writing, no publisher in our feed had covered it.