Capacite Infra Projects Ltd. (Capacite), a Mumbai-based construction company, has recently won a new order worth Rs. 224 crores for the construction of a residential project in Mumbai. This news has resulted in a significant rise of 5% in Capacite stock price.
About Capacite Infra
Capacite Infra Projects Limited is a construction company that specializes in the construction of buildings in major metropolitan cities of India, including Mumbai, Delhi, Bengaluru, and Chennai. The company has established a strong reputation in the construction industry due to its ability to deliver quality work on time and within budget. It has a diversified portfolio of projects that includes residential, commercial, and institutional buildings.
New Order for Capacite Infra
The new order secured by Capacite Infra is for the construction of a residential project in Mumbai, Maharashtra. The project is spread over a total built-up area of 23,535 square meters and will comprise of two towers with 25 floors each. The project is expected to be completed within a period of 30 months.
The scope of work includes civil, structural, and finishing works for the entire project. The project will feature modern amenities such as a swimming pool, gymnasium, landscaped garden, and 24/7 security.
Impact on Capacite’s Stock Price
The market has responded positively to the news of Capacite Infra securing the new order.The stock price has risen by 5% following the announcement. The market has reacted positively to the news, as it is a testament to the company’s strong reputation in the construction industry.
Conclusion
Capacite Infra Projects Limited has secured a new order worth Rs. 224 crores for the construction of a residential project in Mumbai. This xpects to complete the project within a period of 30 months. It will feature modern amenities such as a swimming pool, gymnasium, landscaped garden, and 24/7 security. The news of the order has helped Capacite’s stock price rise by 5%. Capacite Infra’s strong reputation in the construction industry and its ability to deliver quality work on time and within budget has helped it secure this new order.
