Capacite Infraprojects Limited has informed the Exchange regarding 'Receipt of Letter of Intent of ₹113.74 Crore (Rupees One Hundred Thirteen Crores and Seventy-Four Lakhs Only) from Hinduja Group Limited'.
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Capacit'e Infraprojects has received a Letter of Intent (LOI) from Hinduja Group Limited for a contract valued at ₹113.74 Crore, excluding GST and Labour Cess. The work involves Civil & Structural Works and Optional Works for Hinduja House in Worli, Mumbai. The company confirmed this is a regular business order and not a related party transaction. The order strengthens Capacit'e's position in the Mumbai commercial real estate construction space. The trading window for insiders is currently closed pending upcoming financial results.
This new order adds to Capacit'e's order book and reflects continued client trust from a prominent private sector group, which is positive for revenue visibility. The impact on stock price may be modest unless the order size is material relative to the company's overall revenue, which is not specified in the filing.