$VASCONEQ

Vascon Engineers are likely to remain in focus after the company secured a Letter of Intent (LoI) worth Rs 347.43 crore from the Central Public Works Department (CPWD), Guwahati. The contract involves the demolition and redevelopment of Reserve Bank of India (RBI) residential quarters at the Zoo-Narengi Road Colony in Assam. The project has been awarded under the Engineering, Procurement and Construction (EPC) model and is expected to be completed within 36 months from the date of order receipt. This marks the company's second major order win in recent months. In May, Vascon Engineers received a Rs 131.58-crore LoI from Reliance Industries for the construction of FLL-type buildings in Sector-3 of the RG Expansion project at Jamnagar. The stock hit its 52-week high of Rs 74.61 on October 10, 2025, while its 52-week low of Rs 26.80 was recorded on March 30, 2026. At current levels, the share price is trading 55.11 percent below its 52-week high and 24.96 percent above its 52-week low. Vascon Engineers currently commands a market capitalisation of Rs 775.95 crore. Despite a steady flow of order wins, the stock has remained under pressure, declining nearly 40 percent over the past nine months.