Vascon Engineers has received a Letter of Intent (LOI) from the MSEB Holding Company for a redevelopment project in Mumbai. The company is tasked with the redevelopment of the "Saudamini" Building located at Plot No.9 of Haji Ali Park, Mahalaxmi. This contract is valued at ₹161.18 crore and is expected to be completed within a period of 36 months.