Vascon Engineers Limited has announced the receipt of a significant domestic work order for the construction of a Super Specialty Hospital in Navi Mumbai. The contract has been awarded by the Navi Mumbai Municipal Corporation (NMMC), headquartered in C.B.D. Belapur.
Project Overview
The project involves the construction of a modern Super Specialty Hospital located at Plot No. 4, Sector 15A, C.B.D. Belapur, Navi Mumbai. This healthcare infrastructure project will be executed on an Engineering, Procurement, and Construction (EPC) basis.
Contract Value and Execution Timeline
The total value of the work order stands at ₹260.09 crore, inclusive of GST. As per the terms of the contract, Vascon Engineers is required to complete the project within a period of 36 months from the date of issuance of the work order.
Key Highlights of the Order
Client: Navi Mumbai Municipal Corporation
Nature of Contract: Domestic EPC project
Order Value: ₹260.09 crore (including GST)
Project Duration: 36 months
Regulatory Disclosure
The company clarified that the order is purely domestic in nature and that the promoter or promoter group has no interest in the awarding entity, Navi Mumbai Municipal Corporation. Additionally, the transaction does not fall under related party transactions, with disclosures marked as Not Applicable.
Vascon Engineers shared this development with the National Stock Exchange of India Limited (NSE) and BSE Limited on December 15, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This order strengthens Vascon Engineers’ presence in the public infrastructure and healthcare construction segment, reflecting continued momentum in government-led development projects.