Order Win / Contract Award

Capacit’e Infra Receives ₹589 Crore LOI from Raymond Realty Subsidiary for Wadala Residential Project

NSE

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BSE

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Capacit’e Infraprojects Limited has received a Letter of Intent (LOI) worth approximately ₹589 crore (excluding GST) from Ten X Realty East Limited, a subsidiary of Raymond Realty Limited. The contract involves civil core and shell works for “The Address by GS” residential project located in Wadala, Mumbai. The order represents a repeat mandate from the Raymond Realty group.

PRICE-SENSITIVE TRIGGER

Event: Receipt of Letter of Intent (LOI) from Ten X Realty East Limited.

Type: Order Win / Contract Award

Impact: Positive

Immediate Effect: The order strengthens Capacit’e’s order book, improves revenue visibility, and reinforces its relationship with Raymond Realty through a repeat project mandate.

Key Metrics:

Order Value: Approximately ₹589 Crore
GST: Excluded from contract value
Project Type: Civil Core & Shell Works
Client: Ten X Realty East Limited (Subsidiary of Raymond Realty Limited)
Location: Wadala, Mumbai

Highlight:

Key Highlight: Repeat order worth approximately ₹589 crore received from a Raymond Realty group company.

What Happened ?

Capacit’e Infraprojects Limited informed stock exchanges that it has received a Letter of Intent from Ten X Realty East Limited, a subsidiary of Raymond Realty Limited.

The LOI relates to execution of civil core and shell works for “The Address by GS” project located at Salt Pan Division, Shastri Nagar, Wadala, Sion (East), Mumbai. The company highlighted that the award reflects continued trust from an existing client and further strengthens its presence in the residential construction segment.

Key Details

Project and Contract Overview:

LOI received from Ten X Realty East Limited.
Ten X Realty East Limited is a subsidiary of Raymond Realty Limited.
Scope includes Civil Core & Shell Works.
Project name is “The Address by GS”.
Project location is Wadala, Sion (East), Mumbai.
Total contract value is approximately ₹589 crore excluding GST.
The award represents a repeat order from the Raymond Realty group.
Order has been received in the ordinary course of business.
Promoters, promoter group, and group companies have no interest in the awarding entity.
The transaction does not qualify as a related-party transaction.

Note:

The repeat mandate demonstrates client confidence in Capacit’e’s execution capabilities and supports the company’s strategy of expanding through high-quality residential and urban development projects.

Risk Analysis

Summary:

While the order enhances revenue visibility, execution performance, project timelines, labor availability, and construction cost inflation remain important operational factors.

Key Risks:

Project execution delays could affect revenue recognition timelines.
Construction sector margins remain sensitive to material and labor costs.
Cash flow realization depends on project milestones and customer payments.
Large residential projects may face approval or development-related delays.
The announcement does not disclose project completion timelines.

Worst Case Scenario:

Significant execution delays, cost overruns, or slower project progress could impact profitability and working capital efficiency.

Risk Level: Low

Company Commentary

Raymond Realty, through Ten X Realty East Limited, has entrusted Capacit’e with another project mandate.
Management views the repeat order as validation of its long-standing client relationship.
The company highlighted its track record of timely project delivery.
Management remains confident in its ability to exceed client expectations.
The order strengthens the company’s portfolio and project execution leadership.
Capacit’e continues to focus on sustainable value creation through high-quality projects.
The company sees repeat business as evidence of operational discipline and execution excellence.

Official Exchange Filing: Capacit’e Infraprojects Limited