Vascon Engineers Receives Rs 347.43 Crore RBI Quarters Redevelopment Order

Core Announcement – Order Details

Awarding Entity: Government of India, Central Public Works Department, Office of Executive Engineer, Guwahati Division

Domestic/International Order: Domestic

Nature of Order/Contract: Demolition and Re-development of RBI Quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The work has been awarded on EPC Basis.

Order Value: Rs. 347.43 Crore (Three hundred forty-seven crores forty-three lakhs) including GST

Materiality Context: Not Specified

Execution Timeline: The work has to be completed within 36 months from the date of receipt of order.

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No. The aforesaid work doesn't fall under the ambit of Related Party Transactions.

Promoter Group Involvement: None of the Promoter/Promoter Group has any interest in the aforesaid work.

Financial Implication: Not Specified