Capacit’e Infraprojects Ltd has secured a major contract worth ₹2.2 billion (₹220 crore) from TenX Realty, a wholly owned subsidiary of Raymond Ltd, further strengthening its order book and industry reputation. The company received the Letter of Intent (LoI) for civil core and shell works for the prestigious “The Address by GS – Bandra Project” in Mumbai.
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Project Scope: The contract covers construction of two basements, ground plus 23 floors, and non-tower areas at Nirmal Nagar, Off Western Express Highway, Bandra (East), Mumbai.
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Client Relationship: This is a repeat order from Raymond’s realty division, reflecting Capacit’e’s strong track record and trusted partnership with leading developers.
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Order Book Momentum: The new project adds significant value to Capacit’e’s robust portfolio, which already includes landmark developments like World Trade Centre Brigade Group, The Park Lodha, and Mahalaxmi Piramal.
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Financial Performance: Capacit’e Infraprojects reported a 76.2% jump in consolidated net profit to ₹52.02 crore and a 22.8% rise in net sales to ₹590.49 crore in Q3 FY25, underlining its operational strength.
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Management Commentary: Managing Director Rahul Katyal expressed confidence in delivering the project on schedule and exceeding client expectations, emphasizing the company’s commitment to quality and timely execution.
This order win highlights Capacit’e’s growing expertise in high-rise and complex construction projects, reinforcing its position as a preferred partner for marquee real estate developments.
Source: Business Standard, Moneycontrol, Marketscreener, Projects Today