Capacit'e wins Rs 542.37 crore IIT Bombay construction order
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Capacit'e secured a Rs 542.37 crore order, excluding taxes, from IIT Bombay to construct fast-track buildings at Powai, Mumbai. The work covers design, civil construction, finishing, electrical, fire safety, lifts, solar power, landscaping and external development on a design-and-build basis. It is part of the company's normal construction business and is not a related-party deal.
Positive for the order book and future revenue, but earnings will depend on project costs, margins and timely execution.