On May 18, 2026, Vascon Engineers Limited announced the receipt of a significant work order from Reliance Industries Limited.
The contract, valued at ₹131.58 crore, involves the construction of 4 G+12 FLL type buildings at the RG Expansion Project in Jamnagar.
The contract awarded by Reliance Industries is for the construction of 4 G+12 FLL type buildings in Sector 3 of the RG Expansion Project in Jamnagar.
The project is structured on a Bill of Quantities (BOQ) basis, which outlines the specific quantities of work required.
The total value of the work order is ₹131.58 crore, excluding GST. Vascon Engineers is expected to complete the project within a timeframe of 19 months from the date of receiving the order.
This contract is a domestic engagement, with Reliance Industries, a major Indian conglomerate, awarding the project to Vascon Engineers.
The work does not fall under related party transactions, as neither the promoter group nor the company has any interest in the project.
The construction project is scheduled to be completed within 19 months from the date of the order receipt.
This timeline is crucial for Vascon Engineers to adhere to, ensuring timely delivery of the buildings as per the contract terms.
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As of May 19, 2026, at 9:24 AM, Vascon Engineers share price on NSE was trading at ₹34.57 up by 4.98% from the previous closing price.
Vascon Engineers' acquisition of the ₹131.58 crore contract from Reliance Industries underscores its expertise in the construction sector. The project, involving the construction of 4 G+12 buildings at Jamnagar, is a testament to the company's ability to handle substantial projects within stipulated timelines.
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Published on: May 19, 2026, 9:45 AM IST
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