Vascon Engineers share price surged 13% intra-day on Monday, September 29 after the company confirmed a Memorandum of Understanding (MoU) with Adani Infra (India).Trading volumes crossed 1 crore shares, significantly higher than the one-week average of 22 lakh and the one-month average of 56 lakh shares.
The agreement sets Vascon as an execution partner under an Early Engagement Model for five years. According to the company’s disclosure to exchanges on September 26, “Vascon Engineers has entered into a Memorandum of Understanding (MoU) with Adani Infra today to collaborate as their Execution Partner under an Early Engagement Model for Five Years.”
Vascon partnership With Adani Infra
Under this arrangement, Vascon will work with Adani on earmarked projects from the design stage itself, allowing design and execution to be integrated. The company stated that three projects, totaling 13.15 million sq. ft. in Mumbai, have already been identified under the model.
In its filing, Vascon added: “As part of the current objectives, Vascon aims to engage with Adani Group on projects contributing additionally equivalent to 30 per cent of Vascon’s annual turnover. This collaboration is envisioned as a long-term strategic partnership with the scope and performance of the arrangement to be reviewed annually.”
The company described the agreement as an important milestone, noting that it “marks the beginning of an exciting new chapter” and expressed confidence that the engagement would generate “significant value for both organizations.”
Vascon share price trend
At 10:44 am on September 29, 2025, Vascon Engineers shares were trading 9.09 per cent higher at Rs 63.15. Market participants have treated the agreement as a significant development in the company’s growth outlook, though the actual impact will depend on contract conversion, execution timelines, and financial performance in upcoming quarters.
The share price, which is near its 52-week high of Rs 65.98 hit on September 16, has already been on an upward trajectory in recent months. Over the last month, it has gained 32 per cent; over six months it is up 74 per cent.