The company’s order book is currently at Rs 2,800, with some projects in the pipeline pending letter of intent (LOI). The Engineering, Procurement and Construction (EPC) company is hoping to execute orders worth Rs 300 from pending projects in the remaining days of the last quarter of the fiscal year ending in March 2025.
“Currently, the order book is an order backlog that is around 2,800 crores and runs an additional 300 rupees in the current quarter. But we are already L1 (lowest bidder) and have the job waiting for the LOI (letter of intention) to pass. Overall, I think we’ll be back at around 2,800 rupees at the end of the year,” says Moorthy.
Responding to a question about which cities the company is targeting, he said: “The focus will be on Mumbai and Pune. Pune is our hometown, so obviously we want to do more real estate there. But yes, there is a small presence in Coimbatore as well. I want to continue doing that.”
VASCON Engineer’s shares rose 0.21% at Rs 34.08 on the NSE on Wednesday.
