Capacite Infraprojects Limited has informed the Exchange regarding 'Letter of Award from IIT Bombay for Construction of Fast Track Buildings on Design and Build Basis for a Contract value of ₹542.37 Crore'.
CAPACITE · price
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Awaiting price reaction for this filing.
Capacit'e Infraprojects has received a Letter of Award from IIT Bombay to construct Fast Track Buildings on a Design and Build basis. The total contract value is ₹542.37 Crore. IIT Bombay is a premier government-funded educational institution under the Ministry of Education. This is a sizable new order that should meaningfully add to the company's existing order book. The 'fast track' nature of the project suggests an aggressive execution timeline. Capacit'e is an established construction player focused on institutional, commercial and residential projects.
Positive for the company — this large order strengthens revenue visibility and order book in the institutional/education segment, and could support earnings momentum if executed on schedule.