EPC Company Receives Two Work Orders Worth Over Rs 216 Crore for Infrastructure Projects

EPC Company Receives Two Work Orders Worth Over Rs 216 Crore for Infrastructure Projects

GHV Infra Projects bags Rs 216 crore infra orders for car shed expansion projects

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On Thursday, Indian markets closed on a weak note, with the Nifty 50 declining 0.93 per cent to 23,775.10, compared to its previous close of Rs 23,997.35. Amid this, GHV Infra Projects shares closed at Rs 264.05, up 3.56 per cent from the previous close of Rs 255.90.

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The company came into focus after announcing that it had secured two work orders worth over Rs 216 crore for infrastructure development projects related to car shed capacity expansion.

GHV Infra Projects Secures Two Work Orders Worth Over Rs 216 Crore

GHV Infra Projects announced that it has received two work orders from GHV (India) Private Limited for infrastructure development related to car shed capacity expansion projects.

The first order is valued at approximately Rs 111 crore (excluding GST) and involves the Construction of various infrastructure works for the expansion of the car shed at Sanpada. The project is scheduled to be completed within 24 months from the date of commencement.

In addition to this, the company has also secured another work order worth approximately Rs 105 crore (excluding GST) for similar infrastructure development work at the Kalwa car shed, with a similar execution timeline of 24 months.

Both contracts have been awarded by a domestic entity, GHV (India) Private Limited, and are classified as related party transactions. However, the company has clarified that these transactions are executed on an arm’s length basis.

About GHV Infra Projects

GHV Infra Projects Limited is engaged in infrastructure development and execution of engineering projects, including construction and capacity expansion works. The company focuses on delivering projects across urban infrastructure and related segments, with an emphasis on timely execution and project scalability.

The company has a market capitalisation of Rs 2,182 crore and is trading at a P/E multiple of 75.9. The stock has a 52-week high of Rs 368.50 and a low of Rs 69.47. Over the past one month, the stock has moved by 1.54 per cent, while over the last six months it has declined by 3.77 per cent. On a one-year basis, the stock has recorded a change of 335.80 per cent.

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Disclaimer: The article is for informational purposes only and not investment advice.