Vascon Engineers' stock surged 13% on Sept. 29, 2025, hitting a 52-week high after signing a five-year deal with Adani Infra to join major Mumbai projects.

Vascon Engineers' shares rose over 13% on September 29, 2025, reaching a 52-week high of ₹65.98, fueled by a five-year Memorandum of Understanding with Adani Infra (India) Limited. The deal designates Vascon as an Execution Partner under an Early Engagement Model, allowing it to participate in the design phase of selected projects, starting with three Mumbai developments totaling 13.15 million square feet. The company aims to secure work equivalent to 30% of its annual turnover through the partnership, which includes annual performance reviews. Trading volume surged to around 1 crore shares, far above average. The stock has gained 32% in one month and 74% in six months, reflecting strong market confidence.