 "Capacit'e Infraprojects, Tata Projects consortium bags Rs 117-bn MHADA deal")
Construction firm Capacit'e Infraprojects in a consortium with Tata Projects and CITIC Construction has bagged an order worth Rs 117 billion from the Mumbai Housing and Area Development Board.
"The project will be executed through a special purpose vehicle in which Capacit'e Infraprojects Ltd will have 37.1 per cent share worth Rs 43.57 billion," the company said in a BSE filing.
The share of Tata Projects Ltd in the consortium will be 36.9 per cent and CITIC Construction Co Ltd will have 26 per cent stake.
The project includes technical designing, co-ordination and construction of rehabilitation, sale, commercial, any other structure along with construction of habitable temporary transit camps for the redevelopment of project of BDD Chawls located at Lower Parel Division at Worli in Mumbai, it added.