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Last 23.35 INR
Change Today +0.20 / 0.86%
Volume 2.2M
As of 7:06 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

vascon engineers ltd (VSCN) Snapshot

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52 Week High
09/15/14 - 31.82
52 Week Low
06/23/15 - 14.60
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Current Stock Chart for VASCON ENGINEERS LTD (VSCN)

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vascon engineers ltd (VSCN) Details

Vascon Engineers Limited, together with its subsidiaries, provides engineering, procurement, and construction (EPC) services in India. The company operates through EPC, Real Estate Development, Hotel, and Manufacturing & BMS segments. It offers EPC services in the areas of pharma, hospitals, factory buildings, educational institutional buildings, Government buildings, MES, hospitality buildings, etc. It develops, constructs, and manages various projects, such as residential, industrial, IT parks, malls and multiplexes, and hospitality projects. The company is also involved in the operation and maintenance of the industrial parks/hotels/service apartments/malls; rental of properties; and manufacture of clean room partition. Vascon Engineers Limited was founded in 1986 and is based in Pune, India.

Founded in 1986

vascon engineers ltd (VSCN) Top Compensated Officers

Managing Director, Director, Member of Audit ...
Total Annual Compensation: 40.0M
Compensation as of Fiscal Year 2014.

vascon engineers ltd (VSCN) Key Developments

Vascon Engineers To Raise INR 2 Billion

Vascon Engineers Ltd (NSEI:VASCONEQ) plans to raise INR 2 billion through rights issue and sale of non-core assets to cut down on its debt burden and meeting working capital requirements. We will be raising Rs 100 crore through rights issue and another Rs 100 crore through sale of non-core assets. We will utilise all the proceeds for repaying our debt and bring it down to less than Rs 200 crore," Vascon Engineers Managing Director R Vasudevan said.

Vascon To Sell Stake In Hotels

R Vasudevan, Managing Director of Vascon Engineers Ltd (NSEI:VASCONEQ) said, "With the infusion of capital and the re-focus on our core business, we are back on the growth track. We are exiting the IT park in Nashik and will also sell our stake in Holiday Inn at Hinjewadi, Galaxy Hotel in Goa and Hyatt on Nagar Road in Pune. Around 60% of the sale of non-core assets had already been done, while the term sheets of half of what remained were done, and the rest will be done next year."

Vascon Engineers Ltd to Approve a New Set of Articles of Association

The Board of Directors of Vascon Engineers Ltd. in their meeting held and concluded on August 11, 2015 have approved the New Set of Articles of Association of the company, and the same shall be placed before the Members of the company, for their approval, in the forthcoming Annual General Meeting of the company.


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