Capacite Infraprojects shares gained over 4% in afternoon trade on Tuesday after the company secured a Rs 368.98 crore order from Chennai Metro Rail Limited (CMRL). 

The company received a Letter of Acceptance (LOA) from CMRL for construction of buildings near Thirumangalam Metro Station in Chennai. The order, valued at Rs 368.98 crore excluding GST, covers construction along the viaduct and on open land parcels.

The project includes a wide range of works, including civil construction, architectural finishes, plumbing, electrical and mechanical works, ventilation and air-conditioning, lifts and other associated activities. The contract strengthens Capacite’s presence in public-sector infrastructure and expands its project pipeline beyond its traditional private-sector building projects.

Managing Director Rahul Katyal said the project marks an important milestone for the company and strengthens its presence in the public sector. He added that the order reflects confidence in Capacite’s ability to execute complex infrastructure projects with a focus on quality, safety and efficiency.

The latest contract is significant compared with the company’s existing revenue base. Capacite reported consolidated revenue of Rs 628.93 crore in Q1 FY27, up from Rs 589.35 crore a year earlier. Its net profit, however, declined 15% year-on-year to Rs 39.84 crore from Rs 46.99 crore. The new Chennai Metro order is therefore equivalent to roughly 58% of the company’s June-quarter revenue.

The order also follows a Rs 741 crore Letter of Intent received from Mahindra Lifespaces in August for residential projects in Mumbai, giving the company additional visibility for future execution.

For Capacite, the Chennai Metro contract provides an opportunity to diversify its client base and gain greater exposure to government-backed infrastructure projects. Investors will now track order execution, project margins and working-capital requirements as the company takes on the new contract.

At 2:10 pm, the shares of Capacite Infraprojects were trading % higher at Rs 183.80 on NSE.

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