Pune I Mum, March 2026 — Pune-headquartered Vascon Engineers Ltd. has received a Letter of Intent from Ahmedabad Municipal Corporation for the development of Lotus Park in Ahmedabad.
The project, valued at ₹115.90 crore, will be developed on a 54,000 square metre site located in the South West Zone of the city under the Building Project of Ahmedabad Municipal Corporation.
The project will be executed on an EPC basis and is expected to be completed within 24 months from the date of issuance of the work order.
The order strengthens Vascon’s order book, which currently stands at ₹2,825 crore, providing strong visibility for the company’s EPC business.
The company said it currently has the capability to execute around 8 million square feet annually and is operating at about 90% utilisation, supported by a project and engineering workforce of over 800 professionals.
Commenting on the development, Mr. Siddharth Vasudevan Moorthy, Managing Director, Vascon Engineers Ltd., said, “We are excited and honoured to partner with Ahmedabad Municipal Corporation in the development of Lotus Park, a landmark public infrastructure project that will enhance the quality of urban life for the citizens of Ahmedabad. This project reflects our deepening engagement with municipal bodies across India and our commitment to delivering transformative civic infrastructure through our integrated EPC capabilities. As we continue to scale our EPC business wins such as this reinforce stakeholder confidence in Vascon’s execution strengths and our vision to be a preferred partner for impactful public infrastructure development.”
