Deals15 Apr 2025, 06:49 pm
Capacite Infraprojects Receives Rs 220 Crore Contract from Raymond Limited's Subsidiary
AI Summary
Capacite Infraprojects Ltd has received a Letter of Intent (LOI) from TenX Realty Limited, a step-down subsidiary of Raymond Limited, for a total contract value of Rs 220 crore (Rupees Two Hundred Twenty Crores only). The contract is for 'Civil Core & Shell Works for Project — The Address by GS — Bandra Project' including 3 basements, G-23 floors & Non-Tower area at Nirmal Nagar, Off western Express Highway, Bandra (E) 400051. This order does not fall within the ambit of related party transactions. The trading window for dealing in the securities of Capacit'e Infraprojects Limited is closed for all Designated Persons in view of the upcoming financial results.
Key Highlights
- Capacit'e Infraprojects Ltd received a LOI from TenX Realty Limited, a subsidiary of Raymond Limited, for a contract value of Rs 220 crore
- The contract is for 'Civil Core & Shell Works for Project — The Address by GS — Bandra Project'
- The order does not fall within the ambit of related party transactions
- Capacit'e Infraprojects Ltd is a well-respected player in the building space
- The company is dedicated to expanding its portfolio with quality orders and showcasing its growing expertise in project execution