Capacit'e Infra bags Rs. 675 crore order
The company received an order worth Rs. 560.90 crore from Piramal Realty Group and a repeat order of Rs. 113.85 crore from Radius Group.
The work order from Piramal Realty includes Core re & Shell works of Piramal Mahalaxmi project, located in Mumbai for Glider Buildcon Realtors. The scope of the order includes construction of three towers, with 2 Basement and 9 podium and 63 floors. This the company's first order from Piramal Realty Group.
The second order is for the construction of a mall located in Mazgaon Mumbai. The project Harbour Heights is being developed by Radius Sumer Developers a Radius Group company.
Capacit'e Infraprojects is engaged in the construction of institutional, commercial and residential buildings in Mumbai, NCR, Bengaluru and other major Indian cities. The company posted a private sector orderbook of Rs. 6,243 crore and a government sector orderbook of Rs. 4,357 crore at the end of Q1FY19. For Q1FY19, Capacit'e Infraprojects registered revenue from operations of Rs. 397.5 crore as against Rs. 266.0 crore in Q1FY18, which is a YoY increase of 49.4 per cent.
On Tuesday, the stock of Capacite Infraprojects closed at Rs. 227.50 per share, down by 1.66 per cent on BSE.