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Company news: Capacit’e Infraprojects

| Updated on June 22, 2018 Published on June 22, 2018

Capacit’e Infraprojects, in a consortium with Tata Projects and CITIC Construction, has bagged an order worth ₹11,744.26 crore from the Mumbai Housing and Area Development Board. The project will be executed through a special purpose vehicle in which Capacit’e Infraprojects will have 37.1 per cent share worth ₹4,357.12 crore, the company said in a notice to the bourses. The shares of Tata Projects and CITIC Construction are 36.9 per cent and 26 per cent, respectively. The project includes technical designing, co-ordination and construction of rehabilitation, sale, commercial, any other structure along with construction of habitable temporary transit camps for redevelopment of project of BDD chawls located at Lower Parel, Worli, Mumbai. Shares of Capacit’e Infraprojects jumped to a high of ₹315, but failed to sustain the gains and closed lower at ₹282.80, down 2 per cent, on the NSE.

Published on June 22, 2018
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