India's Vascon Engineers jumps on Adani Infra partnership

Vascon Engineers

29/09/2025 06:41

** Shares of Vascon Engineers VASC.NS jump 8.5% to 62.8 rupees

** Stock logs its biggest intraday pct gain since May 15

** The construction firm signs a 5-year Memorandum of Understanding with Adani Infra to act as execution partner under early engagement model

** Co aims to engage with Adani Group on projects contributing additionally equivalent to 30% of Vascon's annual turnover

** More than 25.6 million shares change hands, 6.9x of 30-day avg

** Stock up 19.7%, YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))