GHV Infra Projects Secures Rs. 111 Crore Work Order for Sanpada Carshed Expansion
GHV Infra Projects Limited has received a significant Work Order from GHV (India) Private Limited concerning the construction of various infrastructural development works. The project involves the expansion of capacity for the Carshed at Sanpada.The awarded Work Order is valued at approximately Rs. 111 crore, excluding GST. The stipulated completion period for these infrastructural works is twenty-four months from the date of commencement.
Details regarding the contract award are outlined below.
| Particulars | Details |
|---|---|
| Name of the awarding entity | GHV(India) Private Limited |
| Nature of contract | Work Order |
| Value and Consideration | Approximately Rs. 111 crore (Rupees One Hundred and Eleven Crore) excluding GST |
| Project Scope | Construction of Various infrastructural development works for expansion of capacity of Carshed at Sanpada |
| Timeline | To be completed within 24 (Twenty-Four) months from the date of commencement |
| Transaction Type | Domestic |
The transaction falls under the category of related party transactions, and it has been determined that the work order is executed at arm's Length basis.
Furthermore, the document notes that Mr. Jahidmohmed Vijapura is deemed a promoter of GHV Infra Projects Limited. The relationship details indicate that Mr. Jahidmohmed Vijapura is a Designated partner/Partner in JHV Commercials LLP, and that LLP holds a major stake in GHV Infra Projects Limited. Additionally, Mr. Jahidmohmed Vijapura serves as a Director and shareholder of GHV (India) Private Limited.
Stock Price Movement
At the close of trade on Thursday, GHV Infra Projects Ltd settled at ₹302.75, finishing up 3.56%. The shares navigated the day's session range, moving between a low of ₹285.00 and a high of ₹305.00.Source:
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