Capacit'e Receives Rs 5,370 Million LOI From TenX Realty

02 Mar 2026 CW Team

Capacit'e Infraprojects Limited has received a letter of intent from TenX Realty Limited on behalf of Raymond Limited for a contract valued at Rs 5,370 million (mn) excluding GST for construction work in Thane (West). The award covers construction of Towers F, G and NTA and a retail building within the Address by GS-3 and Invictus-2 projects. The company received the LOI on 26 February 2026. The projects form part of a master planned residential and retail development in a suburban Mumbai locality.

The contract was issued to the company by TenX Realty Limited, which acts for Raymond Limited's realty division and is a step-down subsidiary of Raymond Limited. The scope comprises detailed civil and finishing works for the specified towers and associated retail spaces. The contract scope also includes integrated site services and coordination across subcontractors and vendors. The order represents a repeat assignment and preserves continuity in the client relationship.

The managing director indicated that the company welcomed the repeat orders as an endorsement of its project delivery capabilities and client service. He noted the company remained confident in meeting prescribed timelines and in maintaining quality standards across execution phases. The company said it would leverage its track record to manage resources and workflows for timely completion. Project mobilisation will focus on skilled manpower deployment, supply chain continuity and regular quality checks.

The award is expected to contribute materially to the company's current order book and supports its objective of expanding its presence in residential and mixed use construction segments. The company reiterated its commitment to safety, compliance and stakeholder engagement during the execution of the projects. The arrangement is likely to strengthen the company backlog and support future bidding efforts. The LOI value stands at Rs 5,370 million (mn), excluding applicable taxes and levies.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..