Capacit’e Infraprojects Ltd witnessed a sharp 4% rise in its stock price on Tuesday after securing a ₹621 crore contract for the redevelopment of Mumbai’s iconic Bhendi Bazaar. The Letter of Intent (LoI) was awarded by the Saifee Burhani Upliftment Trust (SBUT), marking the third repeat order from the trust to the construction major.
Project Scope and Strategic Importance
The contract covers core and shell construction, finishing, and MEPF (mechanical, electrical, plumbing, and firefighting) services for Sector 07 of the Saifee Burhani Upliftment Project. This large-scale urban renewal initiative aims to transform one of Mumbai’s oldest neighborhoods into a modern, sustainable living space.
Capacit’e’s Managing Director Rahul Katyal expressed pride in the continued partnership, stating, “This reaffirmation of our client’s satisfaction underscores our unwavering commitment to exceptional service and quality delivery”.
Market Reaction and Financial Snapshot
Following the announcement, Capacit’e’s shares surged to ₹329.40 intraday, up from the previous close of ₹315.40, pushing its market capitalization to ₹2,770 crore.
The company has a robust order book of ₹10,545 crore as of March 2025 and reported a 70% jump in net profit to ₹204 crore in FY25, with revenue rising 21.6% year-on-year to ₹2,350 crore.
About Capacit’e Infraprojects
Founded in 2012, Capacit’e is a specialized EPC firm focused on high-rise buildings, hospitals, malls, and institutional projects. It has delivered over 70 million sq. ft. of construction and holds a Limca Book of Records entry for the fastest hospital build in India.
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