Vascon Engineers Ltd., a leading player in India’s EPC and realty sectors, has secured a ₹260.09 crore contract from the Navi Mumbai Municipal Corporation (NMMC) to construct a state-of-the-art Super Specialty Hospital in CBD-Belapur, Sector 15A. Scheduled for completion within 36 months, the project aims to bolster the city’s healthcare infrastructure while integrating advanced medical and MEP (Mechanical, Electrical, Plumbing) systems.
The contract, formalised through a Letter of Acceptance, represents a significant addition to Vascon’s current order book of ₹2,800 crore, offering 2.8 times coverage of FY25 EPC revenues. Analysts note that such high-value projects enhance the company’s visibility in India’s institutional infrastructure segment, reinforcing investor and stakeholder confidence. “Partnering with NMMC on this hospital project underscores our commitment to executing complex, high-impact institutional infrastructure that directly benefits public welfare,” said an official from Vascon Engineers. The company operates at near full capacity, executing approximately 8 million sq. ft. of projects annually, supported by a robust team of over 800 engineers and project professionals.
The new hospital facility is expected to provide advanced healthcare services to Navi Mumbai residents, improving accessibility and reducing pressure on existing medical institutions. Industry experts highlight that projects of this scale not only expand healthcare capacity but also generate employment opportunities and contribute to regional economic development. Vascon has outlined strategic growth plans alongside this project, targeting 20% annual revenue growth in the EPC segment and aiming to secure roughly ₹1,500 crore of new orders in FY26. The company’s integrated approach, combining design, execution, and modern technology, positions it to deliver sustainable, efficient, and high-quality infrastructure solutions.
In addition to its economic impact, the hospital project aligns with sustainable urban development principles. Officials emphasised that the facility will adhere to energy-efficient building standards and incorporate eco-conscious design elements, reflecting a commitment to sustainable, gender-neutral, and equitable public infrastructure. Completion of the hospital is expected to significantly improve the city’s health ecosystem, offering specialised medical services to residents while setting a benchmark for future institutional projects in Navi Mumbai and beyond. The project demonstrates a growing trend of public-private collaboration in enhancing urban health infrastructure in India.
Vascon Engineers Secures 260 Crore Navi Mumbai Super Specialty Hospital Construction Contract
