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Vascon Engineers surges on new orders worth Rs 286 crore

The order is for construction of residential flat including developmental work inside the campus

The liberalised norms for foreign investment could be a boon for affordable housing
SI Reporter Mumbai
Last Updated : Jul 08 2015 | 10:25 AM IST
Shares of Vascon Engineers surged nearly 9% at Rs 20.60 on the Bombay Stock Exchange after the company in a release said that it has won orders worth Rs 286.11 crore.

The order from Uttar Pradesh Housing & Development Board for construction of multi storied residential flats (including all developmental work inside the campus), in Lucknow, the release added.

The stock opened at Rs 19.95 and touched a high of Rs 21.40. At 10:20AM, over 225,000 shares were traded on both the stock exchanges.

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First Published: Jul 08 2015 | 10:21 AM IST

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