GHV Infra Projects Ltd Secures Rs. 1,250 Crores Construction Contract for Maharashtra Expressway Connectors
GHV Infra Projects Limited has entered into a significant Construction Contract with Apco Infratech Private Limited for critical infrastructure development in Maharashtra. The agreement covers the execution of construction works, along with associated activities for the development of expressway connectors from Jalna to Nanded in Maharashtra.The total consideration stipulated in the construction contract is Rs. 1,250 (Rupees One Thousand and Two Fifty) Crores, excluding applicable taxes. The construction period associated with the contract has been set for 30 (Thirty) months.
Contract Details
The contract nature is identified as an EPC Contract. The scope of work is comprehensive, encompassing survey and investigation, design, engineering, procurement, construction, supply of plant and materials, maintenance, temporary works, and all other activities required to complete the project for GHV Infra Projects Ltd's allocated scope.Details regarding the contract awarding entity, nature, and financial aspects are summarized below:
| Particulars | Details |
|---|---|
| Name of the awarding entity | Apco Infratech Private Limited |
| Nature of contract | EPC Contract |
| Consideration Amount | Rs. 1,250 Crores excluding taxes |
| Construction Period | 30 months |
| Awarding Entity Type | Domestic |
The company reported that the entity awarding the contract, Apco Infratech Private Limited, has no promoter group interest, and the transaction is not classified as a related party transaction.
Stock Price Movement
At the close of trading Friday, GHV Infra Projects Ltd settled at ₹309.50, gaining 2.23% for the day. During the session, the shares navigated a range, testing lows at ₹299.00 before peaking near ₹315.00.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.