Mumbai / Pune, March 12, 2026 — Pune-headquartered Vascon Engineers Ltd. has received a Letter of Intent from Ahmedabad Municipal Corporation (AMC) for the development of Lotus Park in Ahmedabad, a project valued at ₹115.90 crore.
The project involves the development of Lotus Park over 54,000 square metres in the South West Zone under the Building Project of Ahmedabad Municipal Corporation. The company will execute the project on an EPC basis, with a completion timeline of 24 months from the date of issuance of the work order.
The contract marks another addition to Vascon’s municipal infrastructure portfolio and strengthens the company’s order book, which currently stands at ₹2,825 crore.
The order book represents a 2.8x coverage of FY25 EPC revenues, providing visibility for the company’s engineering and construction business.
Vascon currently can execute approximately 8 mn sq. ft. annually, and is operating at about 90% utilisation. The company’s execution capabilities are supported by a project and engineering team 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.”