Home / Business and Economy / Vascon Engineers Secures ₹131.58 Cr Reliance Project
Vascon Engineers Secures ₹131.58 Cr Reliance Project
18 May
Summary
- Vascon Engineers received a ₹131.58 crore order from Reliance Industries.
- The contract is for construction of four G+12 buildings in Jamnagar.
- The project completion deadline is 19 months from order receipt.
Vascon Engineers Limited announced on Monday, May 18, 2026, that it has received a Letter of Intent valued at ₹131.58 crore, excluding GST, from Reliance Industries Limited. This order pertains to the construction of four G+12 FLL-type buildings for Sector-3 at Reliance's RG Expansion Project in Jamnagar. The contract is based on a Bill of Quantities (BOQ).
The construction work is scheduled to be completed within 19 months from the date Vascon Engineers receives the official order. This domestic contract significantly contributes to the company's substantial order book.
Vascon Engineers reported a total order book of ₹2,717 crore. Of this, external EPC orders constitute ₹2,387 crore, with EPC project inflows for FY26 reaching ₹762 crore. In a separate financial update, the company’s revenue for the fourth quarter declined by 32% year-on-year to ₹259 crore, with net profit dropping 83% to ₹6 crore, partly due to an exceptional gain in the prior year.
