GHV Infra Secures ₹105 Crore Infrastructure Order, Shares Rise
GHV Infra gains on bagging Rs 105- cr order from GHV (India)
Business Standard
Image: Business Standard
GHV Infra Projects' shares increased by 2.06% to ₹309 after securing a ₹105 crore (approximately $12.6 million USD) order from GHV (India) for infrastructure development at Kalwa. The project, which is a related party transaction, is set to be completed within 24 months.
- 01GHV Infra Projects shares rose 2.06% to ₹309 following a new order.
- 02The order is valued at ₹105 crore (approximately $12.6 million USD).
- 03The project involves expanding the car shed capacity at Kalwa.
- 04Completion is expected within 24 months.
- 05The transaction is classified as a related party deal.
Advertisement
In-Article Ad
GHV Infra Projects saw a 2.06% increase in its share price, reaching ₹309, after securing a ₹105 crore (approximately $12.6 million USD) work order from GHV (India). This order is for infrastructure development aimed at expanding the car shed capacity at Kalwa, with a completion timeline of 24 months. The project is categorized as a standard work order and is classified as a related party transaction, as Jahidmohmed Vijapura, a deemed promoter of GHV Infra, is associated with GHV (India) as a Director and shareholder. GHV Infra Projects operates in the engineering, procurement, and construction (EPC) sector, focusing on various infrastructure projects including transportation, water management, and industrial development.
Advertisement
In-Article Ad
The new order is expected to boost GHV Infra's operational capacity and potentially create jobs during the construction phase.
Advertisement
In-Article Ad
Reader Poll
Do you think GHV Infra will successfully complete the project on time?
Connecting to poll...
Read the original article
Visit the source for the complete story.