Capacit'e lands ₹589 cr Raymond job, its biggest single mandate
The Wadala residential contract equals 22% of last year's revenue. It's a repeat order from the Raymond Group.
— 8 earlier stories on Capacit'e Infraprojects Ltd. →What's new
- Capacit'e won a Letter of Intent for ₹589 cr in civil core and shell works from Ten X Realty East, a Raymond Realty subsidiary.
- The contract covers 'The Address by GS', a residential project in Wadala, Mumbai.
- It is a repeat mandate from the Raymond Group, reinforcing an existing partnership.
Why this matters
At ₹589 crore, this single award is more than a fifth of Capacit'e's ₹2,623 crore FY26 revenue. For a micro-cap contractor, an order of that scale from a repeat, blue-chip developer doesn't just fill the order book; it locks in revenue visibility for two to three years and validates execution on high-rise residential work.
What we're watching
- Formal contract signing — the award is still at the LOI stage.
- Impact on Capacit'e's order-book-to-revenue ratio in the next quarterly disclosure.
- Whether the Raymond relationship yields further phases or repeat mandates.
The full read
Capacit'e Infraprojects just landed its biggest single mandate. A ₹589 crore Letter of Intent from Ten X Realty East, a Raymond Realty subsidiary, covers civil core and shell works for a Wadala residential project. That contract equals 22% of Capacit'e's ₹2,623 crore FY26 revenue. It's a repeat order, which matters. For a micro-cap contractor, getting a second mandate from a blue-chip developer is the strongest proof-point on execution. The award is at LOI stage, not a signed contract, but the scale alone alters the revenue outlook for the next 24-30 months. The open question is when the formal contract follows.
Questions answered
- What did Capacit'e win, and from whom?
- The company secured a Letter of Intent for a ₹589 crore civil-works contract from Ten X Realty East, a subsidiary of Raymond Realty. The work covers core and shell construction for a residential project called 'The Address by GS' in Wadala, Mumbai.
- How significant is this order relative to the company's size?
- The contract value equals roughly 22% of Capacit'e's ₹2,623 crore in revenue for FY26. For a micro-cap firm, a single order of that magnitude provides multi-year revenue visibility and material growth.
- Is this a new client for Capacit'e?
- No, it is a repeat mandate from the Raymond Group. The filing frames it as reinforcing an existing partnership, which signals execution credibility with the developer.
- What is the contractual status of the award?
- The award is currently at the Letter of Intent stage, not a finalized contract. The filing does not provide a timeline for formal contract execution.
Story so far
All notes on CAPACITE →- 3 Jun 2026 · 12:30 PM IST Capacit'e lands ₹589 cr Raymond job, its biggest single mandate
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