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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Vascon Engineers Ltd
Vascon Engineers wins Rs. 198 Crore SBI contract for Hinjewadi project
ORDERS ▲ Positive Development LOW RISK
📅 Filed on BSE: 16 Oct 2026, 08:19 AM IST  ·  BSE ID: 86951906-851c-405b-9dd6-9bc341abd39b
View Original BSE Filing (PDF)
💡
In Simple Terms
Vascon Engineers just got a large construction order worth Rs. 198 Crore from the State Bank of India for a project in Pune.
🤖 AI Summary
  • Vascon Engineers received Rs. 198.00 Crore contract from State Bank of India.
  • Project scope includes SBILD, residential flats, and commercial outfits.
  • Construction site is located at Hinjewadi, Pune, Maharashtra.
  • The project has a completion timeline of 24 months.
  • Contract is awarded on an EPC Mode basis.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Contract Value (Excluding Taxes)
Rs. 198.00 Crore
Project Completion Timeline
24 months
🏢 How This Affects the Company
📈
Business Impact
This order win adds to Vascon Engineers' project pipeline, enhancing its order book and market presence in the construction sector.
💰
Financial Impact
The Rs. 198.00 Crore contract will contribute to future revenue streams and potentially improve profitability upon execution.
⚙️
Operational Impact
The company will need to mobilize resources and manpower for the timely execution of the EPC project within the stipulated 24-month period.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this order win.
👤
Who Is Affected
All shareholders are indirectly affected as the order win contributes to the company's order book and future revenue potential.
🔍
Management Signal
This order demonstrates management's capability to secure significant projects from major financial institutions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Progress updates on the Hinjewadi project execution.
Subsequent quarterly results to show revenue recognition from this order.
Announcements of any further significant order wins.
LOW RISK Standard construction project risk; no unusual terms or client-specific risks highlighted.
💡 Investor Takeaway
Vascon Engineers secured a Rs. 198.00 Crore EPC contract from State Bank of India for construction in Hinjewadi, Pune, to be completed within 24 months.
⚖️ Strengths & Concerns

✅ Positives

  • Receipt of Rs. 198.00 Crore contract from a prominent public sector bank.
  • 24-month execution timeline provides a clear project duration.
📅 Company Track Record
Vascon Engineers recently secured a Rs. 347.43 Crore contract for redevelopment of RBI Quarters in Guwahati.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the value of the contract Vascon Engineers received from State Bank of India?
Vascon Engineers Limited received a Letter of Acceptance amounting to Rs. 198.00 Crore (Excluding Taxes) from State Bank of India.
What is the scope of the project awarded to Vascon Engineers by SBI?
The project involves the construction of SBILD, Residential Flats, and other Commercial outfits at Hinjewadi, Pune, Maharashtra.
What is the time period for the completion of the SBI project by Vascon Engineers?
The work for the project awarded by State Bank of India has to be completed within 24 months.
Which department of State Bank of India awarded the contract to Vascon Engineers?
The contract was awarded by the State Bank of India, Premises and Estate Department, Maharashtra Circle, Pune.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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