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Vascon Engineers Ltd.

BSE: 533156 Sector: Infrastructure
NSE: VASCONEQ ISIN Code: INE893I01013
BSE 00:00 | 18 Jan 30.60 -1.15
(-3.62%)
OPEN

32.75

HIGH

32.75

LOW

30.45

NSE 00:00 | 18 Jan 30.65 -1.15
(-3.62%)
OPEN

32.00

HIGH

32.75

LOW

30.50

OPEN 32.75
PREVIOUS CLOSE 31.75
VOLUME 281500
52-Week high 36.70
52-Week low 13.30
P/E
Mkt Cap.(Rs cr) 665
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 32.75
CLOSE 31.75
VOLUME 281500
52-Week high 36.70
52-Week low 13.30
P/E
Mkt Cap.(Rs cr) 665
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Vascon Engineers Ltd. (VASCONEQ) - Company History

Vascon Engineers Ltd is engineering procurement and construction services and real estate Development Company with operations in a number of states and union territories in India. The company provides EPC services to third parties as well as for their own real estate development projects. They provide EPC services and develop real estate directly or indirectly through their subsidiaries and the other development entities.The company's EPC services include constructing factories hospitals hospitality properties office and residential complexes shopping malls multiplexes IT parks and other buildings. They also engage in the identification and acquisition of land; ownership and operation of projects; and the development of residential and office complexes shopping malls multiplexes hospitality properties IT parks and other buildings.Vascon Engineers Ltd was incorporated in on January 1 1986 as a private limited company with the name Vascon Engineers Pvt Ltd. The company commenced their business as an EPC services company and then they diversified into the real estate development including owning and operating selected projects directly or indirectly through their subsidiaries and the other development entities.In November 1986 the company completed their first contractual project namely the construction of a factory for Cipla Ltd at Patalganga. In December 1996 they completed the first project in the hospitality sector Vista Do Rio Resorts at Goa.In August 25 1997 the company became a deemed public limited company and the name was changed to Vascon Engineers Ltd. In January 1999 the company completed the construction of Cipla Foundation's Palliative Care and Training Centre at Pune. In July 2000 they commenced the construction of townships project namely Marigold.In March 2003 the company completed the construction of bungalows project Paradise which consists of 36 'stacked' bungalows at Baner in Pune Maharashtra. Also they completed the construction of IT Park Marisoft - I at Kalyani Nagar in Pune.In August 2005 the company completed the construction of Nucleus Mall a project in the shopping and entertainment sector at Pune Maharashtra. In December 7 2006 the company was converted into a public limited company.During the year 2006-07 Clover Resorts Pvt Ltd merged with the company with effect from April 1 2006. The company also acquired the assets of Vascon Hadapsar Ventures in which the company was a partner pursuant to a deed of retirement cum dissolution dated May 29 2007. In May 2009 the company obtained their first government contract for the construction of a hospital for National Building Construction Corporation Limited in Chennai.As of December 31 2009 the company had completed an aggregate of 181 EPC Contracts with a total contract value of Rs. 8888.70 million. Also they had completed 157 EPC Contracts with a total contract value of Rs. 6562.81 million for third parties.As of December 31 2009 the company was engaged in 47 EPC Contracts with an estimated total contract value of Rs 18912.66 million and has an Order Backlog of Rs. 12147.36 million.

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