Capacite Infraprojects Limited has informed the Exchange regarding 'Receipt of Letter of Intent of ₹537 Crore from TenX Realty Limited, (on behalf of Raymond Limited)'.
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Awaiting price reaction for this filing.
Capacit'e Infraprojects has received a Letter of Intent worth approximately ₹537 Crore (excluding GST) from TenX Realty Limited, acting on behalf of Raymond Limited. The contract covers construction of Towers F, G, NTA and a Retail Building in the Address by GS-3 Project and Invictus-2 Project at Thane (West). The company has clarified this is a repeat order from Raymond's Realty Division, not a related party transaction, and is part of its normal civil contracting business. The Managing Director highlighted this as a reflection of strong partnership and confidence in Capacit'e's execution capabilities. For a mid-cap construction firm, a ₹537 Crore order is a sizeable addition to the order book.
Positive for the company — this large repeat order strengthens Capacit'e's order book visibility and reinforces client trust, likely supporting revenue growth in coming quarters. The stock may see a positive reaction given the order size relative to the company's scale.