Capacite Infraprojects Limited has informed the Exchange regarding 'Receipt of Letter of Intent of ₹ 220 Crore (Rupees Two Hundred Twenty Crores Only) from TenX Realty Limited (a step-down subsidiary of Raymond Limited)'.
CAPACITE · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Capacit'e Infraprojects has received a Letter of Intent (LOI) worth ₹220 Crore (excluding GST) from TenX Realty Limited, a step-down subsidiary of Raymond Limited. The contract is for civil core and shell works on a project called 'The Address by GS' located at Nirmal Nagar, Bandra East, Mumbai, involving 2-3 basements, G+23 floors and non-tower area. The Managing Director described this as a repeat order from Raymond's realty division, highlighting an ongoing partnership. The filing clarifies the order is not a related-party transaction and falls within the company's normal civil contracting business.
This sizeable new order should boost Capacit'e's order book and revenue visibility. Repeat orders from a well-known client signal trust in execution capability and may be received positively by the market, though the stock may already be in a trading-window closure ahead of financial results.