Rs 11,400 Crore Order Book: Railway Infrastructure Company Secures Rs 213 Crore Work Order For West Bengal Project
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GHV Infra Projects secured a Rs 213 crore composite infrastructure contract in West Bengal from a related party, covering civil, electrical, mechanical and telecom works to be executed over 14 months.
✨ Key Takeaways
On Tuesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.10 per cent to 24,126.75. Amid the positive market sentiment, GHV Infra Projects share price traded at Rs 220.00, up 1.22 per cent from the previous close after the company announced a work order worth approximately Rs 213 crore, including GST, for composite infrastructure works in West Bengal.
PGHV Infra Projects Bags Rs 213 Crore Railway Infrastructure Order
PGHV Infra Projects Limited informed the exchanges that it has secured a work order valued at approximately Rs 213 crore, including GST, from GHV (India) Private Limited. The contract involves composite infrastructure works and is scheduled to be executed within 14 months from the date of commencement.
The project strengthens the company's presence in railway-linked infrastructure development and is expected to add to its execution pipeline over the near to medium term.
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Scope Includes Civil, Electrical, and Mechanical Works
Under the contract, GHV Infra Projects will undertake the upgradation and development of maintenance infrastructure at a Coaching Complex, development of Next Generation Freight Maintenance Facilities and the construction of a loco shed in West Bengal.
The scope of work covers civil, electrical, mechanical and signal & telecommunications segments, forming part of an integrated railway maintenance and freight infrastructure project.
Related Party Transaction Executed At Arm's Length
The company disclosed that the contract qualifies as a related party transaction. According to the filing, Mr. Jahidmohmed Vijapura, deemed promoter of GHV Infra Projects, is a Director and shareholder of GHV (India) Private Limited, the entity awarding the contract.
GHV Infra Projects clarified that the transaction has been executed on an arm's length basis and in compliance with applicable SEBI regulations governing related party transactions.
Strengthens Railway Infrastructure Portfolio
The latest order expands the company's footprint in railway maintenance and freight infrastructure facilities in West Bengal. With a defined execution timeline of 14 months, the project is expected to contribute to the company's ongoing order execution and infrastructure development portfolio.
About GHV Infra Projects
GHV Infra Projects Limited is engaged in infrastructure development and execution of composite civil and engineering projects across India. The company undertakes projects involving civil construction, electrical works, mechanical works and allied infrastructure development.
Its project portfolio spans institutional, industrial and transportation infrastructure, including railway-linked facilities, maintenance infrastructure and engineering projects. The company continues to focus on expanding its presence in large-scale infrastructure and engineering contracts.
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Disclaimer: The article is for informational purposes only and not investment advice.