Capacit'e Infraprojects Limited has announced that it has received a Letter of Acceptance (LOA) valued at approximately ₹368.98 crore from Chennai Metro Rail Limited, according to the latest company announcement. The order involves the construction of buildings near Thirumangalam Metro Station in Chennai, situated along the viaduct in open land parcels. The project encompasses civil works, architectural finishes, plumbing, electrical and mechanical (E&M) works, ventilation and air-conditioning (VAC), lifts and all related works. The company, which specialises in building construction and has established a formidable presence in collaboration with leading real estate developers across the country, considers this LOA a substantial achievement in its public sector engagement.
Shares of the company surged 4.6% to touch an intraday high of ₹186.97 on Tuesday, October 6, following the order win announcement, as reported by NSE data. The stock was trading at ₹184.81 as of the afternoon session, representing a significant market response to the major contract award. Trading activity surpassed 9.22 lakh equity shares across NSE and BSE combined, triggering the high-volume gains during the session. The stock has advanced more than 28% so far in 2026 and 35% in the last one year, reflecting strong investor confidence in the company's project pipeline and execution capabilities.
The ₹368.98 crore order makes up around 58% of Capacit'e Infraprojects' total revenue from core operations in the June quarter of FY27, representing a significant public sector engagement that diversifies the company's traditionally private real estate-focused client base. According to the company's filing, this public sector engagement strengthens the company's presence in the public sector space and reflects confidence in its execution capabilities. The project adds to the company's portfolio of metro station ancillary buildings, which represent a growing segment for civil contractors with demonstrated urban infrastructure capability, given the capital-intensive nature and long execution timelines of such government-funded projects. Capacit'e Infraprojects Limited has built a strong reputation as a quality-focused contractor, offering end-to-end construction services across diverse project categories including residential, commercial, and institutional buildings.
The company's consolidated financial statements showed revenue for the first quarter of FY27 at ₹628.93 crore, compared to ₹589.35 crore in the same period a year earlier. However, net profits declined 15% year-on-year to ₹39.84 crore in the June quarter, from ₹46.99 crore in the corresponding quarter a year ago, as reported by NSE filing. The company's profits were weighed down in the first quarter due to the increase in overall expenses, including construction costs in the period under review. The disclosed terms do not indicate any equity dilution, debt issuance, or change in promoter shareholding arising from this contract award.
Rahul Katyal, Managing Director of Capacit'e Infraprojects Limited, expressed his pride in partnering with Chennai Metro Rail Limited, recognising it as an important milestone that strengthens their foothold in the public sector. As reported by CNBC TV18, Katyal stated that the confidence reposed in the company's execution capabilities underscores their commitment to delivering complex infrastructure projects with quality, safety, and efficiency. The work order was received in the normal course of business and forms part of its ordinary civil contracting operations. Katyal noted that the project marks a significant milestone in Capacit'e's journey and furthers its commitment to delivering complex infrastructure projects with quality, safety, and efficiency, reinforcing its position as a participant in India's urban transport development and nation-building objectives.
