Vascon Engineers Share Price Surges Over 6% on Securing ₹198 Crore Order from SBI

Vascon Engineers has secured a ₹198 crore construction contract from State Bank of India, according to a stock exchange filing dated October 16, 2026. The order was awarded by SBI’s Premises and Estate Department, Maharashtra Circle, Pune. 

The project will involve construction at Hinjewadi in Pune, Maharashtra. The contract value excludes taxes, and Vascon has been given two years to complete the work. 

Project Covers Residential and Commercial Construction 

The contract includes the construction of SBILD, residential flats and other commercial facilities at Hinjewadi. The project will be executed under the engineering, procurement and construction (EPC) mode. 

Completion Timeline Set at 24 Months 

Vascon Engineers are required to complete the project within 24 months. The company disclosed the order under SEBI’s listing regulations, with the filing also stating that the promoter group has no applicable interest in the awarding entity and that the contract does not fall under related-party transactions. 

Read More: Leela Palaces Share Price in Focus After Q2 FY27 Earnings Results; Q2 Profit Rises 27%!  

Vascon Engineers Share Price Performance 

As of October 16, 2026, at 12:18 PM, Vascon Engineers share price was trading at ₹32.00 per share, reflecting a 6.1% surge from the previous trading session. 

Conclusion 

The ₹198 crore SBI contract adds a new construction project to Vascon Engineers’ order book. The company will execute the residential and commercial development in Pune over the next 24 months. 

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