Capacit'e Infraprojects Secures ₹1,518 Crore Order for Ultra-Luxury Residential Towers in Mumbai
The order of ₹1,518 Crore is substantial, significantly enhancing the company's order book and revenue prospects for a major project in Mumbai's super high-rise category.
The company secured a significant new order worth ₹1,518 Crore, indicating strong business growth and reinforcing its market position in ultra-luxury high-rise construction, as highlighted by management.
* Capacit'e Infraprojects Limited has secured a prestigious order with a total contract value of ₹1,518 Crore (Rupees One Thousand Five Hundred and Eighteen Crore Only), excluding taxes and cess. * The order is from Twenty-Five Downtown Realty Limited (Hubtown) for "25 Downtown". * It involves the construction of Ultra Luxury Residential Towers in Mumbai, falling under the Super High-Rise category. * The scope of this repeat order covers the construction of 4 Ultra-Luxury Super High-Rise residential towers at Mahalaxmi, Mumbai, which also includes a clubhouse and penthouses boasting views of Willingdon Golf Course and the Arabian Sea. * Mr. Rahul Katyal, Managing Director, Capacit'e Infraprojects Limited, commented, "We are pleased to announce that our esteemed client has once again reinforced the trust and confidence in Capacit'e’s ability to complete a project with best-in-class safety and quality standards supported by a competent engineering work-force. Capacit'e is committed to endeavour this relationship to create this iconic development along with 25 Downtown by Hubtown." * He further added that this order cements Capacit'e’s dominance as one of the top leaders in Super High-Rise building construction in India. * The company confirmed that the order does not fall within the ambit of related party transactions. * The trading window for dealing in the company’s securities shall remain closed up to 48 hours of this disclosure dissemination.
What to do with a filing like this
Capacit'e Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Capacit'e Infraprojects Limited. Read the original for the full detail.