Vascon Engineers bags ₹660 crore project to build Qualcomm office in Bengaluru

Vascon Engineers has secured a major contract worth ₹660 crore from technology firm Qualcomm India to build a new office facility in Bengaluru.

Project Details

The company announced in a regulatory filing that it received the Letter of Intent for this project. The planned development includes three basements, a ground floor, twelve additional floors, and all related infrastructure. The entire construction work must be finished within 30 months starting from the date the site is handed over.

Market Impact

Following the announcement, shares of Vascon Engineers saw positive movement on the stock exchange. The company's stock was trading higher at ₹34.46, recording a 3.42 per cent increase on the BSE. Vascon Engineers brings extensive past experience to this assignment, having previously completed hundreds of commercial, industrial, and residential projects.