Capacite Infra shares surge after order win worth more than half of its market cap

Capacite Infraprojects informed the exchanges on Thursday, September 18, that it has secured an order worth ₹1,518 crore for the construction of ultra-luxury residential towers in Mumbai under the Super High-Rise category.

The repeat order entails the construction of four ultra-luxury super high-rise residential towers at Mahalaxmi, Mumbai. The project also includes state-of-the-art amenities such as a clubhouse and penthouses, offering unobstructed views of the Willingdon Golf Course and the Arabian Sea, the company said in an exchange filing.

Rahul Katyal, Managing Director of Capacite Infraprojects, said, "We are pleased to announce that our esteemed client has once again reinforced their trust and confidence in Capacite’s ability to deliver projects with best-in-class safety and quality standards, backed by a competent engineering workforce. Capacite is committed to furthering this relationship to create this iconic development along with 25 Downtown by Hubtown."

The company said the order strengthens its position as one of the leading players in the super high-rise building construction segment in India.

Shares of Capacite Infraprojects rose 5% on Thursday to ₹334 following the announcement.