Vascon Engineers has been awarded a Letter of Acceptance by Bihar Medical Services & Infrastructure Corporation Limited (BMSICL) (a Government of Bihar undertaking) for constructing Lohia Medical College & Hospital, encompassing a hospital and residential building in Supaul.
The project has been awarded on an ‘EPC basis’, requiring completion within 36 months from the date of receipt of the Letter of Acceptance.
Also Read: Construction of All India Institute of Medical Sciences (AIIMS) Madurai, Tamil Nadu
In early trade on August 24, the shares of Vascon Engineers surged by 9 percent, reaching a 52-week peak of INR 65.57. This upswing followed the company’s acquisition of a work order worth INR 606 crore from the Bihar government.
The company posted a 12 percent jump in its June quarter net profit at INR 11.90 crore and revenue marginally at INR 204.46 crore.
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