GHV Infra Secures ₹840 Crore EPC Contract for Renewable Natural Gas Project in Ohio
GHV Infra gains on bagging Rs 840-cr EPC contract from Ductor Americas for US RNG project
Business Standard
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GHV Infra Projects has gained 1.88% in stock value after securing a ₹840 crore (approximately $90.25 million) engineering, procurement, and construction contract from Ductor Americas for a Renewable Natural Gas project in Versailles, Ohio, USA. The project is expected to be completed within 24 months.
- 01GHV Infra Projects secured a ₹840 crore EPC contract.
- 02The project is located in Versailles, Ohio, USA.
- 03Expected completion time is 24 months (737 days).
- 04The company's net profit surged by 391.6% in Q3 FY26.
- 05The contract does not involve related party transactions.
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GHV Infra Projects saw a 1.88% increase in its stock price, reaching ₹326, after securing an engineering, procurement, and construction (EPC) contract valued at approximately ₹840 crore (around $90.25 million) from Ductor Americas Inc. for the DUCTOR RNG Project DRAKE in Versailles, Ohio, USA. This project involves comprehensive services, including design, engineering, procurement, construction, installation, commissioning, and testing. The contract is expected to be completed in 24 months (or 737 days). GHV Infra clarified that neither the promoter nor related entities have any interest in the awarding entity, ensuring the contract does not fall under related party transactions. Additionally, the company reported a remarkable 391.6% increase in net profit, reaching ₹14.55 crore, alongside a 646.1% surge in revenue from operations to ₹137.73 crore in Q3 FY26 compared to Q3 FY25.
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The contract will enhance GHV Infra's operational capacity and financial stability, potentially leading to job creation and increased investment in the local infrastructure sector.
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