By Bl Pune Bureau

Copyright thehindubusinessline

Pune-based Vascon Engineers Ltd, a leading EPC and real estate company has unveiled its growth roadmap, aiming for an EPC order book of ₹4,000 crore and real estate projects worth ₹2,500 crore by FY27.

The company is currently executing projects across 13 cities, with its EPC business split 75:25 between government and private clients. Major contracts include the construction of a medical college at Suphal, Bihar (₹606 crore), Capgemini’s IT Park in Chennai (₹416 crore), and the Vedanta Township project (₹260 crore).

In Pune, Vascon has strengthened its portfolio with projects such as the Pune Police Staff Quarters (₹262 crore), a hospital building at Moshi, Pimpri Chinchwad (₹277 crore), and a PMRDA housing project (₹96 crore). These, along with other ongoing works, take the EPC order book to nearly ₹3,000 crore, offering execution visibility over the next 18–24 months across residential, institutional, and industrial segments.

On the real estate front, Pune remains a key growth driver with projects including Tower of Ascend at Kharadi and GoodLife at Talegaon. Upcoming developments at Kalyani Nagar are expected to add gross development value (GDV) of ₹1,700 crore, with the city’s real estate pipeline totaling 1.3 million sq ft and a sales potential of ₹1,700–2,000 crore under joint ventures.

In Mumbai, Vascon is pursuing a redevelopment-led strategy with projects such as Vascon Orchids at Santacruz, Prakash CHS at Santacruz West, and a new Powai residential project projected to generate ₹425 crore in sales. Collectively, the Mumbai redevelopment pipeline spans 0.4 million sq. ft. with an expected sales value of ₹1,050 crore, and is poised to contribute nearly half of Vascon’s real estate portfolio by FY27.

Its EPC division continues to run at about 85 per cent capacity utilisation, supported by strong execution of existing contracts and a steady inflow of new orders across Maharashtra and other states.

Commenting on the announcement, 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 an EPC order book of nearly ₹ 3,000 crore and targeting additional ₹ 2000 crore order by this financial year, we are confident of scaling our growth trajectory”

He added, “ In the Mumbai market, we are pursuing a targeted approach with projects in the 1–1.5 lakh sq. ft. range, where there is limited presence of branded and corporate players. This enables us to secure quicker environmental clearances and avoid complex approval cycles that often delay larger projects”.

Published on September 18, 2025