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Capacite Infraprojects jumps after order win

Capital Market 

Capacite Infraprojects rose 3.66% to Rs 201.05 after the company said it received a Rs 407.16 crore contract to construct multi-storey super specialty hospital building at Sir J J Hospital campus in Mumbai.

Capacite Infraprojects has received order from integrated unit (P.W ) division for a contract value of Rs 407.16 crore for construction of multi-storey super specialty hospital building at Sir J J Hospital Campus on EPC (engineering, procurement and construction) mode at Byculla in Mumbai.

Rahul Katyat, managing director said, "With an order book which provides revenue visibility of 3.5 to 4 years and a healthy pipeline, we remain confident of continuing our strong performance in the foreseeable future."

Capacite Infraprojects is a leading building construction company having presence in MMR, NCR, Bengaluru, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super high rise buildings.

On a consolidated basis, the company's net profit rose 69.3% to Rs 39.99 crore on a 8.5% decline in net sales to Rs 405.58 crore in Q2 September 2019 over Q2 September 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 15 2020. 12:31 IST