Vascon Engineers gets orders worth Rs 245 cr

Shares of the company settled at Rs 17.7 apiece, up 4.12%

Pune-based Vascon Engineers today said it has bagged orders worth Rs 245 crore for construction of two residential projects.

The bigger of the two orders at Rs 130 crore is from UP Housing and Development Board for construction of multi-storied flats at Lucknow, it said in a BSE filing.

The other order, valued at Rs 115 crore, is from Sheth Creators Pvt Ltd for construction of residential building in Mumbai.

The company had reported Rs 14.52 crore net loss during the October-December quarter on a revenue of Rs 85.03 crore.

Shares of the company settled at Rs 17.70 apiece, up 4.12% in the BSE today.