Capacite Infraprojects stock gains 2% on receipt of orders worth Rs826.49 crore

29 Apr 2022 , 12:43 PM

Capacit’e Infraprojects Limited, has received contract worth Rs826.49 crore (Excluding GST) from marquee Public as well as Private Sector Clients. The details are as under:

• Proposed Turnkey development of Multi speciality hospital in Bhandup, Mumbai” from Municipal Corporation of Greater Mumbai for Rs599.04 crore (excluding GST)
• Construction of Residential Project including Civil, RCC Structure, Masonry & Plaster works at Sector 58A, Seawoods, Navi Mumbai from a prestigious private sector client for Rs227.45 crore (excluding GST).

Commenting on the same, Rahul Katyal, Managing Director said, “These new orders will help us to further consolidate our position in high growth businesses. Amidst a challenging environment, these new orders also support us to diversifying our clientele, generate additional business from existing marquee clients and appropriately manage commodity risk through pass through clauses.

The orders inflow for the current financial year, along with our existing order book gives us confidence to deliver good growth in the coming quarters.

We remain confident of delivering the project within the stipulated timelines and to client satisfaction. At Capacit’e, it is our continuous endeavour to add quality orders from existing and new clients, both in public and private sector and we are confident on the growing execution capabilities of the Company.”

At around 12:45 PM, Capacite Infraprojects was trading at Rs144.70 apiece up by Rs3.15 or 2.23% on the BSE.