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Vascon Engineers Ltd.

BSE: 533156 Sector: Infrastructure
NSE: VASCONEQ ISIN Code: INE893I01013
BSE 00:00 | 25 Feb 14.85 0.05
(0.34%)
OPEN

14.70

HIGH

15.00

LOW

14.70

NSE 00:00 | 25 Feb 14.75 -0.05
(-0.34%)
OPEN

14.85

HIGH

15.05

LOW

14.65

OPEN 14.70
PREVIOUS CLOSE 14.80
VOLUME 7389
52-Week high 18.87
52-Week low 10.00
P/E 5.87
Mkt Cap.(Rs cr) 265
Buy Price 14.50
Buy Qty 75.00
Sell Price 14.85
Sell Qty 500.00
OPEN 14.70
CLOSE 14.80
VOLUME 7389
52-Week high 18.87
52-Week low 10.00
P/E 5.87
Mkt Cap.(Rs cr) 265
Buy Price 14.50
Buy Qty 75.00
Sell Price 14.85
Sell Qty 500.00

Vascon Engineers Ltd. (VASCONEQ) - Chairman Speech

Company chairman speech

Dear Members

I am happy to state that your Company has delivered results inline withthe strategy formulated in last few years which helped in achieving satisfactory overallbusiness performance during the Financial Year 2018-19. During the year under review yourCompanyreportedaNetProfitof र 15 crores on the back of strong order book and executioncapabilities.

With the launch of various schemes like Housing for all by 2022 SmartCities modernization of railways development of new airports improving theinfrastructure of educational institutes and hospitals etc Government is determined toprovide decisive impetus to all-around infrastructure development. Your Company has astrong track record of execution of EPC projects across verticals with maintaining highquality standards and is all set to capitalize on the growth opportunity ahead.

Your Company's current order stands at र 1148 crores. Ourexternal order book stands at र 1011 crores and internal order book from our real estatelaunches is at र 137 crores. During the year we have received order from reputeddevelopers and various Government institutions and expect order-inflow momentum to pick-upgoing forwards.

Your Company during the Financial Year 2018-19 despite the currentchallenges in the Real Estate sector has successfully launched and sold Forest Edge(2-Towers of a residential project) and Xotech Phase II (a residential project of 71 unitsof exclusive smart 2BHK). Your Company forayed into affordable housing space with thelaunch of Vascon Goodlife Company's first ever value housing project and alsosimultaneously launched an ultra-modern residential project Forest County.

Your Company has made an important progress in sales of both theprojects. Successful launches are the testimony of the Company's commitment toexcellence and delivering value for money for our customers.

As per Your Company's on-going strategy we continue to focus onour core business that is Engineering Procurement & Construction (EPC) and RealEstate Development Business.

Also we continue to make efforts on improving operational efficienciesand strengthening the balance sheet of the

Company.

I take this opportunity to thank our employees management team andBoard of Directors who have worked hard to see the current transformation. I thank ourBankers and our shareholders for their continuous support.

Thank you
R. VASUDEVAN