Key Highlights
- Vascon Engineers Limited secures ₹260.09 crore EPC work order from Navi Mumbai Municipal Corporation.
- Project involves construction of a Super Specialty Hospital at CBD Belapur, Navi Mumbai.
- Contract value includes GST and strengthens the company’s domestic order book.
- Project execution timeline is set at 36 months from the work order date.
- Order awarded on EPC basis with no related-party or promoter involvement.
Vascon Engineers Limited has secured a significant construction contract valued at ₹260.09 crore from the Navi Mumbai Municipal Corporation, marking a key addition to its public infrastructure project portfolio.
The contract pertains to the construction of a Super Specialty Hospital at Plot No. 4, Sector 15A, CBD Belapur, Navi Mumbai. The project will be executed under the Engineering, Procurement and Construction (EPC) model and is scheduled for completion within 36 months from the date of issuance of the work order.
The total order value includes applicable goods and services tax and has been awarded by a domestic municipal authority. The company confirmed that the contract does not involve any promoter interest or related-party transactions.
The hospital is expected to play an important role in strengthening advanced healthcare infrastructure in Navi Mumbai by supporting the delivery of specialized medical services. The project aligns with local government initiatives to expand public healthcare capacity in urban centres.
For Vascon Engineers, the order provides medium-term revenue visibility and reinforces its position in executing large-scale institutional and urban infrastructure developments across India.