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The order entails construction of commercial building at Kalbadevi on CS No 663, 664, 665, 1/665, 666, 667, 669, 671 & 774 of Bhuleshwar Division in ‘C’ ward for rehabilitation of Metro Line 2/3 PAP’s at Kalbadevi Girgaon.
The work has been awarded on ‘percentage rate basis’ and it has to be completed within 28 months from the date of receipt.
Vascon Engineers is engaged in the EPC, real estate construction and development business. The real estate business of VEL comprises construction of residential and office complexes along with information technology parks, industrial units, shopping malls, multiplexes, educational institutions and hotels. Under the EPC segment, VEL has executed construction contracts. It primarily caters to government departments and authorities.
The civil construction company's consolidated net profit declined 19.3% to Rs 9.60 crore in Q1 FY25 as against Rs 11.90 crore posted in Q1 FY24. Net sales jumped 34.7% YoY to Rs 275.47 crore in June 2024 quarter.
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