Vascon Engineers receives LoA for Rs 160 crore
Bags two contracts in a spate of within a week
Vascon Engineers has received letter of acceptance amounting to Rs 160 crore plus applicable taxes from Bangalore Metro Rail Corporation (a joint venture between government of Karnataka and government of India).
The order is for construction of Metro Rail depot structures, site development works, internal roads & drainage works in depot area at Kadugodi in Reach-1 extension of line of Bangalore Metro Rail Project, Phase-2 amounting to Rs 160 crore plus applicable taxes on item rate basis. The work has to be completed within 24 months from the date of signing of agreement.
Similarly, it has has received letter of acceptance amounting to Rs 506 crore from Public Works Department, Divison-3, New Raipur, Chhattisgarh for construction of Raj Bhavan, Chief Ministers house, Minister's house and higher officer residential house in New Raipur, Chhattisgarh.
The work has to be completed within 24 months from date of signing the agreement.