GHV Infra Projects Ltd Receives Work Order Valued at Approximately Rs. 105 Crores
GHV Infra Projects Limited has secured a Work Order from GHV (India) Private Limited. The contract pertains to the construction of various infrastructural development works intended for the expansion of the capacity of a Car shed at Kalwa.The total value of the work order is stated to be approximately Rs. 105 crores, excluding Goods and Services Tax (GST). According to the agreement terms, the completion of these works is required within 24 months from the date of commencement.
The work order was awarded by GHV(India) Private Limited, which was noted to be a domestic entity. The contract is categorized as a Work Order and involves infrastructural development.
Details regarding the contract structure and commercial considerations are presented below:
| Particulars | Details |
|---|---|
| Name of the awarding entity | GHV(India) Private Limited |
| Nature of order | Work Order |
| Value of the order | Approximately Rs. 105 crores (Rupees One Hundred and Five Crore) excluding GST |
| Timeline | To be completed within 24 months from the date of commencement |
| Domestic/International Awarding Body | Domestic |
The transaction involves related party dynamics. The documentation specifies that Mr. Jahidmohmed Vijapura is deemed the promoter of GHV Infra Projects Limited. Mr. Jahidmohmed Vijapura, who serves as a Designated partner/Partner in JHV Commercials LLP, is noted to be a Director and shareholder of GHV (India) Private Limited, which is holding a major stake in GHV Infra Projects Limited through the aforementioned LLP. Furthermore, the transaction has been determined to be done at an arm's Length basis, classifying it as a related party transaction.
Stock Price Movement
Post-market action saw GHV Infra Projects Ltd settle at ₹302.75 on Thursday, ticking up 3.56%. Shares traded within a notable range today, dipping as low as ₹285.00 before peaking at ₹305.00.Source:
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