Vascon Engineers Share Price Hits 5% Upper Circuit After Securing Contract Worth ₹347.43 for RBI Quarters Redevelopment

On June 10, 2026, Vascon Engineers Limited has been awarded a significant project by the Central Public Works Department, Guwahati. 

The contract, valued at ₹347.43 crore, involves the demolition and redevelopment of the RBI Quarters at Zoo-Narengi Road Colony, Guwahati, Assam.  

The project is to be executed on an EPC basis and is expected to be completed within 36 months from the date of order receipt. 

Details of the Contract 

The project awarded to Vascon Engineers by the Government of India's Central Public Works Department involves the redevelopment of the RBI Quarters in Guwahati.  

The work is set to be carried out on an Engineering, Procurement, and Construction (EPC) basis, ensuring a comprehensive approach to the project execution. 

The total contract value is ₹347.43 crore, which includes GST. The project is scheduled to be completed within a 36-month timeframe from the date the order is received.  

This timeline underscores the scale and complexity of the redevelopment work involved. 

Project Execution and Financial Details 

The contract is domestic in nature, with no involvement of international entities. The project is a part of the government’s initiative to enhance infrastructure in the region.  

Vascon Engineers, known for its expertise in construction and engineering, will undertake the project, ensuring adherence to the specified timeline and quality standards. 

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Interest and Related Party Transactions 

There is no interest from the promoter or promoter group in the entity awarding the contract. Additionally, the project does not fall under related party transactions, ensuring transparency and compliance with regulatory norms. 

Vascon Engineers Share Price Performance 

As of June 11, 2026, at 9:37 AM, Vascon Engineers share price on NSE was trading at ₹34.73 up by 4.99% from the previous closing price. 

Conclusion 

Vascon Engineers Limited has secured a ₹347.43 crore contract for the demolition and redevelopment of RBI Quarters in Guwahati. The project, awarded by the Central Public Works Department, is to be completed within 36 months on an EPC basis, with no related party transactions involved. 

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