Multibagger stock Vascon Engineers secures Rs 416 crore contract from Capgemini

About the Contract: 

Vascon Engineers Limited which is in the construction industry has recently announced the acquisition of a significant contract from Capgemini Technology Services India Ltd. The esteemed project involves construction contracting works for the Chennai Sipcot Base Built Construction Project in Chennai, Tamil Nadu with a total value of Rs 416 crores excluding GST.

The nature of the contract involves an engineering, procurement and construction (EPC) approach. The stipulated time for project execution is set at 30 months from the date of the award emphasizing the importance of timely completion.

Stock Performance:

In the last trading session, the stock closed at Rs 88.06. Today, it opened at Rs 88.92 and currently trading at Rs 88.76, up by 0.79%. Today, shares of the company hit a fresh 52-week high at Rs 91.84, while its 52-week low stands at Rs 23.83. Currently, the company boast a market capitalization of approximately Rs 1960 crore. Over the past six months, the company’s shares have provided multibagger returns of 108.21%. Looking back over the past year, the company’s shares have yielded multibagger returns of 152.94%, in the same time frame BSE Industrials has changed by 66.98%.

About the company

Vascon Engineers Limited (VEL), incorporated in 1986, began operations primarily as an EPC services company and has since diversified into real estate development and has 23 years of experience in providing these services. Vascon Engineers operates as a diversified infrastructure company, with its business activities primarily driven by its dominant EPC segment 71.4%. This segment focuses on engineering, procurement, and construction projects, highlighting the company’s expertise in large-scale infrastructure development. Manufacturing and BMS (Building Management Systems) which consist of 26.7% play a significant supporting role, contributing to its product offerings and building maintenance services and Real Estate Development with 1.9% contributors as of now.

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