Vascon
Engineers Ltd., one of the leading EPC and Realty players with a legacy
spanning nearly four decades, outlined its strategic growth outlook,
highlighting a strong EPC order book and a robust real estate pipeline that
will drive momentum over the next 12-24 months.
The
company is currently active across 13 cities, working with government and
private institutions at an order ratio of 75:25 for the EPC business. Key
projects include the construction of a Medical College at Suphal, Bihar valued
at INR 606 crore, the Capgemini IT Park project in Chennai worth INR 416 crore
and the Vedanta Township project valued at INR 260 crore.
Commenting
on the announcement, Mr. Siddharth
Vasudevan Moorthy, Managing Director, Vascon Engineers Ltd., said,
"Vascon Engineers’ strength lies in balancing our EPC and real estate
businesses across key geographies. With a healthy pipeline in Pune and Mumbai,
and an EPC order book of nearly INR 3,000 crore and targeting additional INR
2000 Cr order by this financial year, we are confident of scaling our growth
trajectory.
In
the Mumbai market, we are pursuing a targeted approach with projects in the
1–1.5 lakh sq. ft. range, where there is limited presence of branded and
corporate players. This enables us to secure quicker environmental clearances
and avoid complex approval cycles that often delay larger projects.
Our
focus remains on deepening our presence in high-value EPC contracts, scaling
redevelopment-led housing in urban centers and maintaining financial prudence.
With nearly four decades of legacy and over 225 projects delivered across
India, we continue to deliver with quality, speed and trust.”
In
Pune, Vascon has consolidated its presence with major EPC contracts such as the
Pune Police Staff Quarters valued at INR 262 crore and the Hospital Building at
Moshi, Pimpri Chinchwad worth INR 277 crore and a housing project in PMRDA of
INR 96 Cr. Beyond these projects, the EPC order book stands at nearly INR 3,000
crore, providing clear execution visibility over the next 18–24 months across
residential, institutional and industrial segments. On the real estate front,
Pune continues to be a key growth driver with ongoing projects including Tower
of Ascend at Kharadi and GoodLife at Talegaon. Planned projects at Kalyani
Nagar are likely to add GDV of INR 1700 crore. Overall, the Pune real estate
pipeline represents approximately 1.3 million square feet of development with
an expected sales value of INR 1700-2000 crore under JV model.
In
Mumbai, Vascon has reinforced its redevelopment-led strategy with projects such
as Vascon Orchids at Santacruz and Prakash CHS at Santacruz West. The upcoming
Powai residential project is expected to generate sales of INR 425 crore. The
redevelopment pipeline in Santacruz, Powai and other micro-markets collectively
accounts for approximately 0.4 million square feet, representing an expected
sales value of INR 1050 crore. Mumbai’s ongoing and planned launches are
expected to contribute around 50 percent of the company’s overall real estate
portfolio by FY27. Alongside real estate redevelopment, EPC opportunities in
Mumbai and Western India are also being actively pursued, with tenders in
institutional and infrastructure projects adding to the company’s long-term
order pipeline.
Together,
the consolidated near-term real estate pipeline stands at 1.94 million square
feet with an expected sales value of INR 2,360 crore. The EPC business
continues to operate at nearly eighty five percent capacity utilization,
reflecting both strong execution of awarded contracts and steady replenishment
of new orders across Maharashtra and other states.
