Vascon Engineers Ltd. (VASCONEQ), one of India’s leading EPC and realty players, has received a Letter of Acceptance from the Navi Mumbai Municipal Corporation (NMMC) for the construction of a Super Specialty Hospital at Plot No. 4, Sector 15A, CBD-Belapur, Navi Mumbai.
The project, valued at ₹260.09 crore (including GST), is scheduled for completion within 36 months and will deliver a state-of-the-art healthcare facility equipped with advanced medical infrastructure and MEP (Mechanical, Electrical, and Plumbing) systems.
This landmark contract strengthens Vascon’s order book, which currently stands at ₹2,800 crore, representing a healthy 2.8x coverage of FY25 EPC revenues. With the ability to execute approximately 8 million sq. ft. annually and operating at 90% utilization, supported by an 800+ strong project and engineering team, Vascon is well-positioned to deliver upcoming infrastructure projects.
“We are excited and honoured to partner with NMMC in building this Super Specialty Hospital, which will serve as a vital healthcare asset for the region,” said Mr. Siddharth Vasudevan Moorthy, Managing Director, Vascon Engineers Ltd. “This project reflects our commitment to executing complex, high-impact institutional infrastructure that enhances public welfare. As we continue to expand across India’s EPC landscape, such marquee projects reinforce stakeholder confidence in our execution capabilities.”
Vascon has set ambitious targets, aiming for 20% annual growth in EPC revenue and securing about ₹1,500 crore of new EPC orders during FY26, further strengthening its order book and enhancing business visibility.
