The Company has informed the exchange about receipt of Work Order from GHV (India) Private Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GHV Infra Projects Limited has received a Work Order from GHV (India) Private Limited valued at approximately Rs. 111 crore (excluding GST). The order is for construction of various infrastructural development works for expansion of capacity of Carshed at Sanpada. The project has a completion timeline of 24 months from the date of commencement. Notably, the order qualifies as a related party transaction as Mr. Jahidmohmed Vijapura, the deemed promoter of GHV Infra Projects, is also a Director and shareholder of GHV (India) Private Limited. The company has stated the transaction is conducted at arm's length basis.
The Rs. 111 crore order represents a potentially significant contract for the company, though the related party nature may attract regulatory and shareholder scrutiny. The impact on stock price will depend on the company's existing order book and revenue base.