Capacite Infraprojects Wins ₹741 Cr LOI from Mahindra Lifespace
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Key Highlights
Capacite Infraprojects secures a significant ₹741 Crore Letter of Intent from Mahindra Lifespace Developers for major construction projects in Kanjurmarg and Mahalaxmi.
Capacite Infraprojects has received a Letter of Intent (LOI) amounting to approximately ₹741 Crore, excluding GST, from Mahindra Lifespace Developers. This significant contract marks a key development for the company’s civil contracting operations.
The LOI specifically covers the core and shell construction work for two major projects. These include Mahindra Rainforest located at Kanjurmarg and Mahindra Beacon Hill in Mahalaxmi.
Contract Details
- LOI Value: ~₹741 Crore (excluding GST)
- Client: Mahindra Lifespace Developers
- Projects: Mahindra Rainforest (Kanjurmarg), Mahindra Beacon Hill (Mahalaxmi)
Capacite Infraprojects confirmed that neither its , Promoter Group, nor any Group Companies hold interest in the entity awarding this contract. Consequently, this order does not fall under the purview of related party transactions.
In adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal Code of Conduct, the trading window for Capacite Infraprojects securities is closed. This closure will remain in effect for up to 48 hours following the dissemination of this disclosure.
The company noted that this work order was secured in the normal course of business. It forms an integral part of Capacite Infraprojects’ ordinary civil contracting operations, reinforcing its market position.