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Vascon Engineers shares jumped nearly 20% after the company secured a deal with Adani Infrastructure.
Vascon Engineers provides Engineering, Procurement, and Construction (EPC) and real estate services, delivering residential, commercial, industrial, IT, malls, and hospitality projects from concept to completion.
What’s happening: the agreement makes Vascon an execution partner with Adani under an early engagement model for the next five years. Under this approach, Vascon will work on selected projects from the design stage itself, ensuring design and execution are seamlessly integrated.
So far, three projects in Mumbai totaling 13.15 million sq. ft. have been identified under this model. Looking ahead, Vascon is set to collaborate with Adani on projects projected to contribute up to 30% of Vascon’s annual turnover.
Big theme: India’s EPC sector is seeing rapid growth, expected to hit $87.6 billion by 2031, growing at an annual rate of 23.1% from 2024-2031. Demand is rising as government spending and private projects surge. For firms like Vascon, partnerships with large groups such as Adani strengthen credibility, expand their project pipeline, and position them to tap into India’s infrastructure boom.
