Arisinfra Solutions Signs MOU for ₹800 Crore Material Procurement with Capacit'e Infraprojects
Arisinfra Solutions Limited announced the signing of a Memorandum of Understanding (MOU) with Capacit'e Infraprojects Limited (CIL). The agreement formalizes the procurement of construction and building materials from Arisinfra, valuing the minimum aggregate commitment at Rs. 800 crore.The MOU outlines strategic material supply for various infrastructure, commercial, and real estate projects currently undertaken or planned by CIL and its associated entities.
The agreement establishes a significant transaction tenure of five years, commencing from the Effective Date of the Memorandum of Understanding for Strategic Material Supply. The procurement is defined as a purchase order from a domestic entity.
According to the details provided regarding the transaction:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Capacit'e Infraprojects Limited (CIL) |
| Nature of Agreement | Purchase order (Strategic Material Supply) |
| Broad Consideration/Size | ₹ 800 crore |
| Term/Tenure | Five (5) years (sixty months) |
| Scope of Materials | Construction and building materials for CIL's projects |
| Domestic/International Status | Domestic Entity / Domestic |
| Related Party Interest | Neither the promoter group nor the awarded entity shows any related party interest. |
The strategic alliance facilitates the consistent supply of materials, establishing a clear operational scope for both companies over the defined five-year period.
ARIS Stock Price Movement
Today, Arisinfra Solutions Limited shares edged higher, closing at ₹113.87, having gained 1.16% for the session. The stock saw robust investor interest, logging a total traded volume of 301,115 shares.Source:
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