Please find attached revised announcement with additional details with respect to notice of new work order receipt.
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Awaiting price reaction for this filing.
GHV Infra Projects has received a work order worth approximately Rs. 191 crores for the design, engineering, supply, fabrication, installation, testing, and commissioning of the mechanical package for a 500 MW Flue Gas Desulfurization (FGD) system in Gujarat, along with 3 years of comprehensive operation and maintenance. The completion period is 15 months. The client awarding the order is GHV India Pvt. Ltd., which is a related party as the company's promoter Mr. Jahidmohmed H. Vijapura is also a director and shareholder of the client entity. The company confirms the transaction is being done on an arm's length basis. This is a revised filing providing additional details sought by BSE on the original March 24 announcement.
The Rs. 191 crore order is a sizeable win that could materially boost the order book, but investors should note the related-party nature of the contract. While management states it is at arm's length, minority shareholders typically prefer orders from independent third-party clients to avoid governance concerns.