Capacite Infraprojects Secures ₹741 Crore LOI from Mahindra Lifespace Developers

Capacit'e Infraprojects Limited has announced the receipt of a Letter of Intent (LOI) amounting to approximately ₹741 Crore, excluding GST, from Mahindra Lifespace Developers Limited.

This significant LOI pertains to the construction of the Core and Shell work for two key projects: Mahindra Rainforest in Kanjurmarg and Mahindra Beacon Hill in Mahalaxmi.

Mr. Rahul Katyal, Managing Director of Capacit'e Infraprojects Limited, expressed his pleasure in welcoming Mahindra Lifespace Developers as a new client. He highlighted that this association is a testament to the trust placed in Capacit'e and a validation of their capability to partner with industry leaders known for high standards of quality and innovation. Katyal further stated that this milestone reinforces Capacit'e’s position as a preferred execution partner for top-tier developers, underscoring the growing confidence in their engineering expertise, project management discipline, and proven track record in delivering complex projects at scale. He believes this engagement will enhance their portfolio, increase visibility among premium clients, and contribute to long-term shareholder value.

The company confirmed that the LOI was received in the normal course of business and does not fall within the ambit of related party transactions, as neither the Promoters, Promoter Group, nor any Group Companies hold any interest in the awarding entity.

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Capacit'e Infraprojects Limited will remain closed for 48 hours from the dissemination of this disclosure.