Vascon Engineers Bags ₹660.79 Crore Qualcomm Order, Bengaluru Office Project In Focus
Mumbai: Vascon Engineers Limited has secured a major construction order worth Rs 660.79 crore, including taxes, from Qualcomm India Private Limited for developing a large office facility in Bengaluru. The company disclosed the order to the stock exchanges on September 25, saying the project involves the development of Block K, comprising three basements, a ground floor and 12 additional floors,…
Vascon Engineers Limited has secured a major construction contract worth Rs 660.79 crore from Qualcomm India Private Limited. The company announced the order on September 25, revealing plans to develop Block K in Bengaluru, which includes three basements, a ground floor, and 12 floors along with associated infrastructure. Regulators classify the Rs 660.79 crore contract as a domestic project, with Vascon Engineers executing it under a Design and Build, Good Manufacturing Practice (GMP) contract model.
This contract significantly boosts Vascon Engineers' portfolio in commercial construction, particularly in Bengaluru, a key technology market in India. The project involves construction of the three basement levels and a ground floor plus 12 additional floors within 30 months of site handover, and does not involve any related-party transactions.
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