On June 26, Capacite Infraprojects shares gained 7% intraday after the company acknowledged a Rs 452.50 crore order to build residential and commercial towers in the National Capital Region (NCR).

The MD of the company, Rahul Katyal, said they are delighted to receive the project from a reputed private sector client. They are confident of delivering the development within the stipulated timelines and to client satisfaction. At Capacity, continuous endeavour to increase quality orders from prevailing and new clients, both in the public and private sector, is in progress, and they are confident in the growing execution competencies of the company.

The company announced its plan to increase Rs 96.30 crore over the preferential issue of equity shares, subject to shareholder sanction. The raised funds will support the firm’s long-term working capital requirements.