The Capacite Infraprojects hiked 4% Intraday Wednesday as the company won a big contract of INR 97.69 Crore. The contract is for Civil, RCC, High side MEP works for superstructure and sub-structure of a research building of Institute of Chemical Technology, Mumbai.

The work should be completed within 15 months from the date of initiation.

“We’re delighted to include Institute of Chemical Technology to the list of our valued clients. We remain confident of fulfilling the project within the stipulated timelines & to client satisfaction,” Rahul Katyal, Managing Director said.

He further added, “At Capacite infraprojects, it’s our continuous endeavor to add orders from new and existing clients & we’re confident on the growing execution capabilities of our firm.”

At 4:00 PM, January 3, 2019, the share price was quoting INR 249.85 or up INR 1.70 or up 0.69%.