Vascon Engineers Limited (BSE: 533156; NSE: VASCONEQ) has received a Letter of Acceptance (LoA) worth ₹198 crore, excluding taxes, from the State Bank of India (SBI) for a construction project at Hinjewadi, Pune. Disclosed on October 16, 2026, the contract covers the construction of SBILD facilities, residential flats and other commercial units for SBI’s Premises and Estate Department, Maharashtra Circle.