Vascon Engineers Limited has received a Letter of Intent worth ₹225.46 crore (excluding GST and Labour Cess) from Royal Rides Pvt Ltd. The project involves the construction of two terminal buildings and ropeway tower works at Panaji and Reis Magos in Goa.
Awarded on a “Design and Build” basis, the project is scheduled for completion within 36 months from the date of the Letter of Intent. This significant win strengthens Vascon’s portfolio in urban infrastructure development. The contract has been awarded by a domestic entity, and there is no promoter or related party involvement in the transaction.
