Allied Industry

Capacite Infraprojects bags Rs 1500 crore orders post demonetisation

Capacit’e Infraprojects Limited (“Capacit’e“), a fast growing construction company focussed on residential, commercial and institutional buildings, has recently obtained construction orders aggregating to Rs. 1,500 Crores from leading real estate developers such as the Oberoi, Wadhwa, Rustomjee and Kalpataru in Mumbai, Emaar in Gurgaon and Ozone in Bengaluru.

Significantly, all of these orders have been received after the demonetisation of old currency was notified on November 8, 2016.  Capacit’e was awarded the construction work of two super high rise buildings in the Enigma project in Mulund by Oberoi Constructions Limited in November 2016. A repeat order has now been received from the Oberoi Constructions Limited in December 2016. The total value of these orders received from Oberoi Constructions Limited is approximately Rs. 300 Crores.

The Wadhwa Group awarded the design and construction of high rise buildings in Wadhwa Wise City, Panvel and Wadhwa PepsiCo, Chembur, besides awarding the construction of Wadhwa Platina, Thane to Capacit’e in December 2016. The total value of orders received from The Wadhwa Group is over Rs. 500 Crores.

Another design and construction order secured by Capacit’e in December 2016 is the Colonnade commercial building project in Gurgaon valued at Rs. 100 Crores from the Emaar Group.

More recently in January 2017, the Kalpataru Group awarded the construction of multiple high rise buildings in Kalpataru Immensa project in Thane to Capacit’e which is valued at over Rs. 500 Crores.  Thus far, this has been the single largest order booked by Capacit’e.

Among others, a repeat order from the Rustomjee Group for a residential building project in Borivali was received and a repeat order from the Ozone Group for a commercial building project in Bengaluru was received, both in November 2016.

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