Tata Project joins hands with Capacit'e Infraprojects for Rs 11,744.26 crore order
Capacit'e Infraprojects Limited will have 37.1 per cent share worth Rs 4,357.12 Crore, whereas TATA will have 36.9 per cent and CITIC with 26 per cent.
MUMBAI: Consortium of Capacit'e Infraprojects Limited (Lead Member), Tata Projects Limited and CITIC Construction Co Ltd, has bagged an order worth Rs 11,744.26 crore from the Mumbai Housing and Area Development Board.
The project will be executed through a Special purpose vehicle in which Capacit'e Infraprojects Limited will have 37.1 per cent share worth Rs 4,357.12 Crore.
The share of Tata Projects Limited in the Consortium will be 36.9 per cent and CITIC Construction Co.Ltd. will have 26 per cent share.
The project involves Technical designing (structure service + infrastructure), coordination and construction of rehabilitation/ sale/ commercial / amenities / any other structure along with construction of Habitable temporary transit camps, work of on-site, off-site infrastructure and landscaping & performing various coordination activities and obtaining all relevant permissions & approvals from all concerned authorities on lump-sum basis for Redevelopment of project of BDD Chawls on CTS No.1539 & 1540 at Lower Parel Division at Worli, Mumbai- 400 018.
Commenting on the same, Mr Rahul Katyal, Managing Director said, ''This is our maiden project from Public Sector.
Our single segment focus has positioned us as one of the leading companies specializing in Super High Rise building construction, which has helped us in acquiring technical qualification for such type of projects.
At Capacit'e, it is our continuous endeavour to add quality orders from existing and new clients and we are confident in the growing execution capabilities of the Company.