Vascon Engineers Wins Rs 126.39 Crore Hospital Contract

Core Announcement – Order Details

Awarding Entity: Executive Engineer, Public Works Department, Arvi Division, Wardha Nagpur (Maharashtra)

Domestic/International Order: Domestic entity

Nature of Order/Contract: Development of 300 bedded general hospital at Wardha Nagpur, Maharashtra. The work has been awarded on 'Item Rate Basis'.

Order Value: Rs. 126.39 Crore (One Hundred & Twenty Six Crore Thirty Nine Lakh) excluding GST

Materiality Context: Not Specified

Execution Timeline: The work must be completed within 24 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