Vascon Engineers Receives ₹198 Cr SBI Construction Contract

Core Announcement – Order Details

Awarding Entity: State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune 411014

Domestic/International Order: Domestic

Nature of Order/Contract: Construction of SBILD, Residential Flats and other Commercial outfits at Hinjewadi, Pune, Maharashtra. Executed in EPC Mode.

Order Value: ₹198.00 Crore (Rupees One Hundred and Ninety-Eight Crore only) excluding taxes.

Materiality Context: Not Specified

Execution Timeline: The work has to be completed within 24 months from contract award.

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: Not Applicable

Financial Implication: Not Specified