Capacite Infraprojects Limited has informed the Exchange regarding 'Receipt of Letter of Intent of ₹537 Crore from Raymond Realty Limited'.
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Capacit'e Infraprojects Limited has received a Letter of Intent (LOI) worth approximately ₹537 Crore (excluding GST) from Raymond Realty Limited. The contract is for constructing Towers F, G and NTA along with a Retail Building in two projects — 'Address by GS-3' and 'Invictus-2' — located at Thane. The company clarified that this is a repeat order from Raymond Realty, is not a related party transaction, and falls within its regular civil contracting business. The Managing Director expressed confidence in executing the project on time, citing Capacit'e's strong track record.
This is a significant order win for Capacit'e, likely representing a substantial portion of its annual revenue, which should positively boost its order book and provide visibility on future earnings. The repeat order from an existing client reinforces the company's relationship with Raymond Realty and signals continued business momentum in the residential real estate contracting space.