SCC - Capacite JV receives LOA from National High Speed Rail Corporation Limited (NHSRCL)

M/s. SCC- Capacit'e (JV) has received Letter of Acceptance (LOA) from National High Speed Rail Corporation Limited (NHSRCL), for a total contract value of ₹ 384.72 crores (Rupees Three hundred eighty-four crores seventy-two lakh only), excluding GST.

The scope of the contract involves "Design and Build Works for Construction of Maintenance cum Technology Centres at six (6) locations in Gujarat for Mumbai- Ahmedabad High Speed Rail Project".

In the aforementioned Joint Venture, SSC Infrastructure Private Limited holds 60% share as the Lead Partner, while Capacit'e Infraprojects Limited holds a 40% share.

Commenting on the same, Mr. Rahul Katyal, Managing Director said, "We are delighted to be entrusted by National High Speed Rail Corporation Limited (NHSRCL), for prestigious MumbaiAhmedabad High Speed Rail Project and also thankful to them for their trust and belief in our capabilities. This signifies an important milestone in our client expansion and strengthens our position as a preferred partner for marquee projects.

With a strong track record of project delivery, we're confident in our ability to meet timelines and exceed client expectations. At Capacit'e, we're dedicated to expanding our portfolio with quality orders and showcasing our growing expertise in project execution."

Shares of Capacit'e Infraprojects Limited was last trading in BSE at Rs. 353.70 as compared to the previous close of Rs. 349.80. The total number of shares traded during the day was 19094 in over 1041 trades.

The stock hit an intraday high of Rs. 360.15 and intraday low of 349.55. The net turnover during the day was Rs. 6774305.00.

Source : Equity Bulls

Keywords

CapaciteInfraprojects INE264T01014 SCC JV LOA NHSRCL OrderWin