Vascon Engineers shares rallied 4% on 10 October after the company secured another major order within two days.

The company informed the bourses that it has received a LoA (Letter of Acceptance) for the construction of the remaining medical college and the upgradation of the district hospital at Koderma for a total order value of Rs 352.91 crore from the Jharkhand State Building Construction Corp. Ltd.

The work was awarded on a BOQ (bill of quantities) Basis and has to be completed within 30 months from the date of the LoA.

Yesterday, the company received a LoI (letter of Intent) from Bridge and Roof Co. India Ltd for an EPC (engineering, procurement, and construction) project in Chhattisgarh for an order value of Rs 262.19 crore.

The order is for the planning, designing, construction, IT and network maintenance of the Government Medical College in Kanker District of Chhattisgarh that comes under the Chhattisgarh Medical Services Corp Ltd, which is a state government enterprise.

The project has to be completed within 24 months from the date of the start of the contract.

At 3:30 pm, Vascon Engineers shares closed at Rs 75.30 or 2.03% above its previous close on NSE.