Archive · 25 Sep 2026
Vascon Engineers Wins ₹660.79 Crore Qualcomm Bengaluru Office Contract
Vascon Engineers won a large construction contract from Qualcomm India.
The contract is worth ₹660.79 crore, including taxes.
The company will build an office facility in Bengaluru.
The building will have three underground levels, a ground floor and 12 floors above it.
The work also includes related infrastructure.
The project is expected to take 30 months.
One report says the timeline starts when the site is handed over, while another refers to the date of execution.
Investors reacted positively, and Vascon shares rose more than 4% during Friday trading.
Vascon Engineers Limited secured a ₹660.79 crore contract, including taxes, from Qualcomm India Private Limited.
The project covers development of Block K, an office facility in Bengaluru with three basements, a ground floor and 12 upper floors.
The Design and Build, GMP contract also includes associated infrastructure work.
The project is scheduled for completion within 30 months, though reports differ on whether the period begins at site handover or execution.
Vascon Engineers shares rose more than 4% in Friday intraday trading after the order announcement.
- Who
- Vascon Engineers Limited and Qualcomm India Private Limited.
- What
- Vascon Engineers secured a ₹660.79 crore contract to develop Qualcomm’s Block K office facility and associated infrastructure.
- When
- The order was disclosed on September 25; completion is scheduled within 30 months, with reports differing on whether the period starts at site handover or execution.
- Where
- Bengaluru, Karnataka, India.
- Why
- Qualcomm India awarded Vascon a domestic Design and Build, GMP contract for the office development.
- Contract value
- ₹660.79 crore, including taxes
- Awarding company
- Qualcomm India Private Limited
- Project
- Block K office facility and associated infrastructure
- Building design
- Three basements, ground floor plus 12 upper floors
- Contract model
- Design and Build, GMP
- Completion period
- 30 months; reports differ on whether the period begins at site handover or execution
- Related-party status
- The company said the order is not a related-party transaction and that its promoter group has no interest in Qualcomm India
- Share-price reaction
- Vascon Engineers shares rose more than 4% in Friday intraday trading
