GHV Infra Secures Major ₹1,250 Cr Expressway Contract in Maharashtra

GHV Infra Projects Limited has secured a significant ₹1,250 crore EPC contract for an expressway project in Maharashtra. The deal boosts the company's order book to approximately ₹11,400 crore, including GST, reflecting substantial growth.

New Contract Details and Financial Results

GHV Infra Projects Limited announced on April 11, 2026, that it has secured a major Engineering, Procurement, and Construction (EPC) contract valued at ₹1,250 crore (before taxes). This contract is for an expressway project located in Maharashtra.

The new contract significantly boosts the company's consolidated order book, which has grown from ₹9,300 crore to approximately ₹11,400 crore (including GST).

In addition to the contract win, GHV Infra reported strong financial performance for the nine months ended December 31, 2025 (9M FY26). Revenue from operations jumped approximately 1,960% year-on-year to ₹401.95 crore, while Profit After Tax (PAT) increased by about 880% to ₹31.00 crore.

Significance for GHV Infra

The ₹1,250 crore contract strengthens GHV Infra's standing in the road and highways sector. It shows the company's ability to win and manage large projects.

The expanded order book offers clear revenue visibility for future years. Combined with its strong financial results, this indicates a company on a robust growth path.

About GHV Infra Projects

GHV Infra Projects Ltd. is an Indian infrastructure firm focused on EPC contracts for roads, bridges, and civil works.

Key implications for Shareholders

Shareholders can expect significant revenue and profit from the new ₹1,250 crore expressway project, which has a 30-month execution timeline.

The ₹11,400 crore order book provides strong revenue visibility and a solid base for future expansion.

The company's execution capabilities, shown in its Q3 FY26 results, suggest a greater likelihood of completing projects on time and profitably.

Its enhanced presence in Maharashtra's infrastructure sector may open doors to more projects.

Potential Risks

• Execution risks associated with the new expressway contract's 30-month timeline.
• The possibility of cost overruns or delays affecting profitability.
• Reliance on government spending and infrastructure policy shifts.

Industry Peer Comparison

GHV Infra's ₹11,400 crore order book positions it competitively.

As of early 2025, competitors like KNR Constructions Ltd. had order books ranging from ₹18,000-20,000 crore, PNC Infratech Ltd.'s was around ₹10,000-12,000 crore, and HG Infra Engineering Ltd.'s was approximately ₹14,000-16,000 crore.

This comparison shows GHV Infra is now a significant player in the road EPC backlog market.

Next Steps for Investors

• Continued momentum in securing large EPC contracts to further grow the order book.
• Updates on the 30-month execution of the new Maharashtra expressway project.
• The company's ability to sustain its high growth rates in upcoming quarters.
• Management's outlook on future capacity expansion or diversification.
• Performance relative to peers in order book growth and project execution.