Vascon Engineers shares hit 5% upper circuit as firm bags order from government worth ₹347 crore; all you need to know

Vascon Engineers shares rallied 5% to hit upper circuit of ₹34.73 apiece on Thursday, June 11, a day after the company said that it has secured an EPC order from the Government of India.

Worth ₹347.43 crore, including GST, the order includes the demolition and redevelopment of the Reserve Bank of India (RBI) quarters at Zoo-Narengi Road Colony in Guwahati, Assam.

The company further, in a regulatory filing, further said that the work has been awarded on an EPC basis and is expected to be completed within 36 months from the date of receipt of the order.

“The aforesaid work doesn’t fall under the ambit of Related Party Transactions,” Vascon Engineers said in the regulatory filing.

The order was issued by the Central Public Works Department, Office of the Executive Engineer, Guwahati Division, Government of India.

Last month, the company had secured a ₹131 crore construction order from Reliance Industries.

Vascon Engineers Q4 results

Earlier this month, Vascon Engineers’ consolidated net profit after tax (PAT) dropped 83% to ₹5.72 crore in the March quarter, compared year-on-year with ₹34.77 crore in the same period a year ago.

The company’s revenue from core operations dropped 34% year-on-year to ₹253 crore in the fourth quarter, compared with ₹387 crore in the same period a year ago, as per the exchange filing.

The company’s earnings per share (EPS) reduced to ₹0.25 apiece compared to ₹1.54 per share in the same quarter of the previous financial year.

On the segmental level, Vascon Engineers’ EPC (engineering, procurement, and construction) business revenues tanked nearly 30% to ₹240 crore in the fourth quarter, compared to ₹343 crore in the same period a year ago.

While the company’s real estate development segment revenues dropped 72% to ₹12 crore from ₹43 crore at the year-ago level.

Vascon Engineers share price

At 10:04 AM, Vascon Engineers shares were trading at ₹34.73 apiece on the National Stock Exchange, gaining 4.99%.

Shares of the company have tanked 16% over a month, while they have fallen 26% in the past six months. From the beginning of the year, Vascon Engineers shares have tumbled 27%.

Shares of the company had touched their one-year high of ₹74.59 apiece on October 10, 2025, while their 52-week low of ₹26.75 was hit on March 30, 2026.

Vascon Engineers has a total market capitalisation of ₹766.45 crore as of June 10, 2026, according to data on the NSE.