Vascon Engineers secures ₹660 crore contract from Qualcomm
after close1 source ↓written by the desknot a recommendation
- engineering and construction
- ₹660.79 crore
- order book
- ₹868.56 crore
- of Vascon's market
- 85.7%
- market cap
- ₹771 crore
- revenue reported
- ₹151.94 crore
Vascon Engineers has secured a ₹660.79 crore engineering and construction contract from Qualcomm India for a commercial office project in Bengaluru. This order boosts the company's total order book to ₹868.56 crore, enhancing revenue visibility but also testing its operating margins and working capital.
• The contract represents 85.7% of Vascon's market cap of ₹771 crore.
• Standalone quarterly revenue reported at ₹151.94 crore.
This significant order may provide near-term support for the company's financials amid ongoing cash flow pressures.
Not investment advice. For informational purposes only.