Capacit'e Infraprojects Limited secures ₹1,518 Crore order for 25 Downtown by Hubtown

Capacit'e Infraprojects Limited has secured a prestigious order with a total contract value of ₹1,518 Crore (Rupees One Thousand Five Hundred and Eighteen Crore Only), excluding taxes and cess, for "25 Downtown", by Hubtown. This order is for the construction of an Ultra Luxury Residential Towers in Mumbai, under the Super High-Rise category.

The scope of this repeat order covers the construction of 4 Ultra-Luxury Super High-Rise residential towers at Mahalaxmi, Mumbai. The project also comprises of state-of-art lavish amenities which includes a clubhouse and penthouses, boasting an unhindered view of Willingdon Golf Course and the vast Arabian sea.

Commenting on the development, Mr. Rahul Katyal, Managing Director, Capacit'e Infraprojects Limited said: "We are pleased to announce that our esteemed client has once again reinforced the trust and confidence in Capacit'e's ability to complete a project with best-in-class safety and quality standards supported by a competent engineering work-force. Capacit'e is committed to endeavour this relationship to create this iconic development along with 25 Downtown by Hubtown.

This order cements Capacit'e's dominance as the one of the top leaders in the Super High-Rise building construction in India. Our consistent track record of delivering landmark projects of scale and complexity backed by innovative construction technology has made us as one of the preferred partners for India's leading developers.

At Capacit'e, we remain focused on moving up the value by securing projects of high complexity and maintaining leadership in the High Rise and Super High Rise category in India."

Shares of Capacit'e Infraprojects Limited was last trading in BSE at Rs. 319.00 as compared to the previous close of Rs. 310.40. The total number of shares traded during the day was 54411 in over 2087 trades.

The stock hit an intraday high of Rs. 322.05 and intraday low of 310.45. The net turnover during the day was Rs. 17263316.00.

Source : Equity Bulls

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