GHV Infra Projects Lands ₹216 Cr in Car Shed Expansion Orders

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AuthorVihaan Mehta|Published at:
GHV Infra Projects Lands ₹216 Cr in Car Shed Expansion Orders
Overview

GHV Infra Projects secured two work orders totaling over ₹216 crore for car shed expansion projects. The contracts, valued at ₹111 crore and ₹105 crore, are to be completed within 24 months. The company's stock closed up 3.56% on Thursday amid a broader market downturn.

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GHV Infra Projects announced Thursday it secured two work orders totaling over ₹216 crore for car shed capacity expansion.

One contract, valued at approximately ₹111 crore (excluding GST), was awarded by GHV (India) Private Limited for expanding the car shed at Sanpada. This project is expected to be completed within 24 months.

A second order, worth about ₹105 crore (excluding GST), also from GHV (India) Private Limited, covers similar infrastructure development at the Kalwa car shed, with an identical 24-month execution schedule.

Both contracts are with GHV (India) Private Limited and are classified as related party transactions. GHV Infra Projects stated they are being executed on an arm’s length basis.

The news boosted the company's stock on Thursday. Despite the broader Indian equity market declining, with the Nifty 50 index closing 0.93% lower, GHV Infra Projects' shares finished the trading session 3.56% higher at ₹264.05.

GHV Infra Projects, with a market capitalization of ₹2,182 crore, operates in infrastructure development. Its stock has seen significant movement over the past year, trading between ₹69.47 and ₹368.50, and has risen 335.80% year-on-year.

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