Reliance cancels ₹132 cr order with Vascon Engineers
pre-market1 source ↓written by the desknot a recommendation
- construction contract
- ₹131.58 crore
- disclosed
- 23 July 2026
- Engineers stands
- ₹2,717 crore
Reliance Industries has cancelled a ₹131.58 crore construction contract with Vascon Engineers, initially awarded for residential projects in Jamnagar. The cancellation, disclosed on 23 July 2026, removes a significant contract from Vascon's backlog, but the immediate financial impact is limited as no construction had started.
• Total order book for Vascon Engineers stands at ₹2,717 crore.
This development may prompt traders to reassess Vascon's near-term outlook.
Not investment advice. For informational purposes only.