Capacite Infra bags order worth Rs. 170 crore, stock surges

Mumbai-based infrastructure company, Capacite Infra announced that it secured an order worth Rs. 170 crore from Market City Resources, on Monday.

The company released a press note which said that the order was given by Alyssum Developers, which is part of Market City Resources construction. The scope of work includes shell & core civil works for mixed-use development project at Wakad, Pune.

The management added that the company has experienced strong growth in order inflow from new client additions. The total order book of the company as March 2019 stood at Rs. 7,177 crore. The residential segment contributed 76 per cent of the total order book and commercial and institutional segment contributed 24 per cent. A large part of the order book is contributed by High Rise and Super High-Rise Buildings at 43 per cent, followed by Gated Community at 35 per cent.

Capacite Infra is a building construction company with presence in suburban areas in and around Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kochi and Pune. It has specialization in construction of super high rise buildings.

On Monday, the stock ended the trading session at Rs. 277 per share, higher by Rs. 11.70 (4.41 per cent) on BSE. The benchmark index BSE Sensex closed at 39,684, up by 249 points.