Capacite Infraprojects has secured large redevelopment project of BDD Chawls, from the Mumbai Housing and Area Development Board (a MHADA unit).

Tata Projects Limited and CITIC Construction, the consortium of Capacit’e Infraprojects has received letter of acceptance from a MHADA Unit, for total contract value of Rs.11,744.26 crore.

In its filing the company stated, “The project will be executed through a Special purpose vehicle in which Capacit’e Infraprojects Limited will have 37.1% share worth Rs.4,357.12 crore.” Moreover, the share of Tata Projects Limited in the consortium will be 36.9% and CITIC Construction will have 26% share.

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