Consortium of Capacit'e Infraprojects Limited (Lead Member), Tata Projects Limited and CITIC Construction Co Ltd, has received Letter of Acceptance from Mumbai Housing and Area Development Board (a MHADA Unit) for total contract value of Rs. 11,744.26 Crore.

The project will be executed through a Special purpose vehicle in which Capacit'e Infraprojects Limited will have 37.1% share worth Rs. 4,357.12 Crore. Share of Tata Projects Limited in the Consortium will be 36.9% and CITIC Construction Co. Ltd. will have 26% share.

The project involves Technical designing (structure service + infrastructure), co-ordination and construction of rehabilitation/ sale/ commercial / amenities / any other structure along with construction of Habitable temporary transit camps, work of on-site, off-site infrastructure and landscaping & performing various co-ordination activities and obtaining all relevant permissions & approvals from all concerned authorities on lump-sum basis for Redevelopment of project of BDD Chawls on CTS No. 1539 & 1540 at Lower Parel Division at Worli, Mumbai- 400 018.

Commenting on the same, Mr Rahul Katyal, Managing Director said, "This is our maiden project from Public Sector. Our single segment focus has positioned us as one of the leading companies specializing in Super High Rise building construction, which has helped us in acquiring technical qualification for such type of projects. At Capacit'e, it is our continuous endeavor to add quality orders from existing and new clients and we are confident on the growing execution capabilities of the Company."

Shares of Capacite Infraprojects Ltd was last trading in BSE at Rs.287.9 as compared to the previous close of Rs. 278.85. The total number of shares traded during the day was 26974 in over 686 trades.

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