Pune: Vascon Engineers Ltd. (VASCONEQ), an EPC and real estate company with a legacy of nearly four decades, has outlined its strategic growth roadmap, aiming for an EPC order book of ₹4,000 crore and a real estate development portfolio of ₹2,500 crore by FY27.
Strong EPC Momentum with High-Value Contracts
Currently, Vascon Engineers is executing projects across 13 cities with an EPC order book of nearly ₹3,000 crore, and plans to add another ₹2,000 crore worth of projects by the end of FY25.
The EPC business maintains a government-to-private order ratio of 75:25, with marquee contracts including:
- Medical College at Suphal, Bihar valued at ₹606 crore
- Capgemini IT Park, Chennai worth ₹416 crore
- Vedanta Township Project valued at ₹260 crore
In Pune, the company has consolidated its position with large EPC contracts such as:
- Pune Police Staff Quarters worth ₹262 crore
- Hospital Building at Moshi, Pimpri Chinchwad valued at ₹277 crore
- PMRDA Housing Project worth ₹96 crore
The company reported EPC capacity utilization of nearly 85%, underscoring strong execution and steady replenishment of new projects across Maharashtra and other states.
Vascon Engineers Expands Redevelopment-Led Real Estate Strategy
Real estate remains a parallel growth driver for Vascon Engineers. In Pune, projects such as Tower of Ascend at Kharadi and GoodLife at Talegaon are ongoing, while upcoming developments in Kalyani Nagar are expected to add a gross development value (GDV) of approximately ₹1,700 crore.
Overall, Pune’s real estate pipeline represents 1.3 million sq. ft. of development under a JV model, with an expected sales value of ₹1,700–2,000 crore.
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In Mumbai, the company is focused on mid-sized redevelopment projects ranging from 1–1.5 lakh sq. ft., enabling faster environmental clearances and smoother execution. Key projects include:
- Vascon Orchids, Santacruz
- Prakash CHS, Santacruz West
- Powai Residential Project with expected sales of ₹425 crore
The redevelopment pipeline in Santacruz, Powai, and surrounding micro-markets represents 0.4 million sq. ft. of projects with an estimated sales value of ₹1,050 crore. Mumbai’s projects are expected to contribute nearly 50% of the real estate portfolio by FY27.
Robust Pipeline and Growth Outlook
Together, the consolidated real estate pipeline stands at 1.94 million sq. ft. with an expected sales value of ₹2,360 crore. By FY27, Vascon Engineers aims to scale its EPC order book to ₹4,000 crore while building a real estate portfolio worth ₹2,500 crore, driven by urban redevelopment and joint ventures.
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 a robust EPC order book, we are confident of scaling our growth trajectory.
Our focus remains on high-value EPC contracts, redevelopment-led housing in urban centers, and maintaining financial prudence. With nearly four decades of legacy and more than 225 projects delivered across India, we continue to deliver with quality, speed, and trust.”
