Moneycontrol
Feb 12, 2018 09:18 AM IST | Source: Moneycontrol.com

Capacite Infraprojects gains 4% on orders win worth Rs 247cr

The company for the quarter ended December 2017 posted 40 percent jump in net profit at Rs 22.68 crore against Rs 16.16 crore in the same quarter last fiscal.

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Shares of Capacite Infraprojects gained 4 percent in the early trade on Monday on orders worth Rs 247.46 crore.

The orders include, Tower -2 of a project at Hindustan Mills, Prabhadevi, MMR for client Twenty Five South Realty, The Wadhwa Group, worth Rs 156.46 crore.

The Tower - 1 of this project in already under execution by the company.

The second order is from Kalpataru Group of Rs 90.80 crore. This is the second order received from Kalpataru Group.

Rahul Katyal, MD of Capacite Infraprojects said, "Both the order wins are in MMR region in West. These wins are important for us as they are orders from reputed clientele and more importantly from clients with whom we have executed projects for in the past."

The company for the quarter ended December 2017 posted 40 percent jump in net profit at Rs 22.68 crore against Rs 16.16 crore in the same quarter last fiscal.

At 09:16 hrs Capacite Infraprojects was quoting at Rs 358.60, up Rs 12.05, or 3.48 percent on the BSE.

Posted by Rakesh Patil
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