Capacit’e Infraprojects bags order from Radius Developer

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Capacit’e Infraprojects Limited has bagged two orders from Radius Developer for 2 upcoming projects in Mumbai

The company receives order for ~80 floors super highrise project “ORCHID HEIGHTS”, at Mahalaxmi, Mumbai to Capacit’e Infraprojects Limited.The contract would be for approximately Rs. 185 crore. The project will be executed under a joint venture between Radius Developers and DB Realty.

The company also got another order for “Avenue 54” at Santacruz, to Capacit’e Infraprojects Limited. The contract would be in the range of Rs. 120 crore. The project will be executed under a joint venture between Radius Developers and Sumer Group.

Recently, Capacit’e Infraprojects Ltd have received the Securities and Exchange Board of India’s (SEBI) nod for an initial public offering (IPO).

Earlier, the company filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for its Initial Public Offering (IPO) targeting to raise upto Rs 400 crores.

Radius Developers is Mumbai’s foremost developer and builder with an expansive inventory of Luxury 1 BHK, 2 BHK, 3 BHK, 4 BHK, 5 BHK Residential Flats.

Capacit’e Infraprojects provides end-to-end construction services for residential buildings , multi-level car parks, corporate office buildings and buildings for commercial purposes  and buildings for educational and healthcare purposes (“Institutional”). The Company’s capabilities include constructing concrete building structures as well as composite steel structures. The also provide mechanical, electrical and plumbing (“MEP”) and finishing works.

CIL predominantly operates in the Mumbai metropolitan region (“MMR”), the National Capital Region (“NCR”) and Bengaluru. The company’s operations are geographically divided into MMR and Pune (“West Zone”), NCR and Patna (“North Zone”) and Bengaluru, Chennai, Hyderabad and Kochi (“South Zone”). As on January 31, 2017, projects in the West Zone, North Zone and South Zone constituted, approximately 60.78%, 15.69% and 23.53% of the total projects, respectively.