Capacite Infraprojects has bagged an INR 384.72 crore contract from National High Speed Rail Corporation (NHSRCL) for the prestigious Mumbai–Ahmedabad High Speed Rail Project. This is a big step for the company to expand its infrastructure footprint.
As per the official filing dated 2 May 2025, the Letter of Acceptance (LOA) has been given to SCC-Capacite (JV), a joint venture where SSC Infrastructure holds a 60% stake as the lead partner and Capacite Infraprojects has 40% stake.
Capacite Infraprojects and NHSRCL – Project Details
The INR 384.72 crore (excluding GST) contract is for design and build of six Maintenance-cum-Technology Centres in Gujarat, a critical component for the operation and maintenance of Mumbai-Ahmedabad bullet train corridor. This is India’s first high speed rail project being developed with Japanese collaboration and is a big step in the country’s modernization of transportation.
Rahul Katyal, Managing Director of Capacite said: “We are thrilled to be awarded this project by NHSRCL and thank them for reposing faith in us. This is not only an addition to our client list but also strengthens our position as a partner of choice for iconic infrastructure projects.”
A Series of Orders: INR 515 Crore Orders in April Alone
The NHSRCL order comes on the back of Capacite’s two big wins in April, totalling INR 515 crore. On 15 April 2025, the company bagged an INR 220 crore order from TenX Realty, a Raymond’s subsidiary, for civil works in Bandra East, Mumbai. The next day it received a INR 295 crore mandate from the Indus Co-operative Housing Society for redevelopment works in Wadala, Mumbai.
These back to back wins reiterate Capacite’s growing presence in urban redevelopment and its track record of timely delivery and technical excellence.
Strong Financials and Market Backing
Capacite’s operational and market performance is matching its project momentum. As of Q3 FY25, the company has reported 76.2% year on year growth in consolidated net profit at INR 52.02 crore with revenues up 22.8% YoY at INR 590.49 crore. Its order book is over INR 10,000 crore.
Investor confidence is high. Mukul Agrawal, a prominent Indian investor, holds 6.09% stake in the company. Since its IPO in 2017 which was oversubscribed 182 times, the stock has multiplied nearly 6X, peaked at INR 465 per share in December 2024. Currently, it is trading around INR 353 per share (a 24% correction from its 52 week high). The growth is supported by strong fundamentals and project wins.
Conclusion
Capacite Infraprojects’ NHSRCL win is a big ticket in public infrastructure as the government is pushing for high speed rail and modern transportation. With a strong pipeline, big clients and focus on execution, the company is well placed to benefit from the infrastructure boom.
As urbanization speeds up and big projects take off, Capacite seems to be at the right place at the right time – with experience, investor backing and a long list of big ticket contracts. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
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