India, Oct. 16 -- The Pune-based engineering, procurement and construction (EPC) and real estate company has secured a fresh contract from a large public sector lender, giving its order pipeline a timely boost. The project sits in one of Pune's busiest IT corridors and mixes housing with commercial space. It arrives after a quarter in which revenue and profit fell sharply. Here is what the new order is worth, how long it will take to build, and why it matters for the company's recovery.

The Nifty 50 traded at 23,100, up 0.64%, while the Sensex gained 0.42% to 74,640 on Friday. Against the backdrop of a broader market rally, Vascon Engineers Limited is in focus after securing a Letter of Acceptance worth Rs. 198 crore, excluding taxes, f...