Qualcomm Awards Major Office Facility Contract to Vascon Engineers
2 reports, 2 independent
Updated Sep 25
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Vascon Engineers Limited secured a major work order from Qualcomm India Private Limited. The contract, valued at ₹660.79 crore inclusive of taxes, involves the design and build of a state-of-the-art office facility, designated as Block K, in Bengaluru. The project includes three basements, a ground floor, and 12 upper floors, with a planned execution timeline of 30 months from site handover.
From equitybulls.com
Why it matters
The contract is a standalone commercial engagement awarded by a domestic entity. The news caused Vascon Engineers Limited shares to trade at Rs. 33.32 on the day, up from the previous close of Rs. 32.94.
From equitybulls.com