Tata Projects consortium bags Rs 11,744 cr order from MHADA

Tata Projects consortium bags Rs 11,744 cr order from MHADA
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Construction firm Capacit'e Infraprojects in a consortium with Tata Projects and CITIC Construction has bagged an order worth Rs 11,744.26 crore 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 4,357.12 crore," 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 redevelopment of project of BDD Chawls located at lower Parel Division at Worli in Mumbai, it added.

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