Vascon Engineers hit a 52-week high of Rs 65.70 during the early trade on 24 August after the company bagged Rs 605.65 crore from Bihar Medical Services and Infrastructure Corporation Ltd for the construction of Lohia Medical College and Hospital, including a hospital.

The company has received a Letter of Acceptance from Bihar Medical Services and Infrastructure Corporation Limited.

The company has received the work on an ‘EPC basis’ that has to be completed within 36 months from the date of receipt of the Letter of Acceptance.

In March, the company received another contract from the Pune Metropolitan Region Development Authority worth Rs 95.93 crore for constructing residential quarters, a multipurpose hall, barracks, and retail shops.

Vascon Engineers was founded in 1986 and has a presence across multiple sectors, including industrial, residential, IT Parks, hospitality and community welfare centres, schools and hospitals, malls, and multiplexes.

The company has also diversified into real estate development in the past few years through its subsidiaries and the Other Development Entities.

At 3:20 pm, the shares of Vascon Engineers were trading at Rs 62.35 or 3.74% above its previous close of Rs 60.10 on NSE.