Capacite Infraprojects Limited has informed the Exchange regarding 'Receipt of Letter of Acceptance from National High Speed Rail Corporation Limited'.
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Capacit'e Infraprojects, through its joint venture SCC-Capacit'e (JV), has received a Letter of Acceptance from National High Speed Rail Corporation Limited (NHSRCL) for a total contract value of ₹384.72 crores (excluding GST). The scope involves design and build works for construction of Maintenance cum Technology Centres at six locations in Gujarat as part of the Mumbai-Ahmedabad High Speed Rail Project. In the JV, SSC Infrastructure holds 60% as the lead partner while Capacit'e holds a 40% share, meaning Capacit'e's effective share is approximately ₹153.89 crores. The company clarified this is not a related party transaction and is part of its ordinary civil contracting operations. The trading window for insiders is currently closed ahead of upcoming financial results.
This is a positive development as it strengthens Capacit'e's order book from a prestigious government-backed bullet train project and adds a marquee client to its portfolio. The order may boost investor sentiment, though its size relative to the company's overall revenue will determine the actual stock impact.