The Company has informed the exchange about the Receipt of Letter of Award (LOA) from ENMAS EPC Power Projects Limited for appx Rs. 123 Crore
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Awaiting price reaction for this filing.
GHV Infra Projects has received a Letter of Award from Enmas EPC Power Projects Limited (JV) valued at approximately Rs. 123 crore. The order involves the supply and installation of 28.83 MWp Grid-Connected Rooftop Solar (RTS) Plants for 14,416 SC & ST consumers. Work is to be completed within 120 days from award. The project is domestic in nature and the order is not a related party transaction. This is an EPC works contract covering supply of materials (solar panels, inverters, mounting structures, cabling, etc.) and installation, testing and commissioning.
This is a sizeable new order that adds to the company's order book and provides near-term revenue visibility (to be executed within 4 months). Positive for the stock in the short term as it signals business momentum, though execution within the tight 120-day timeline will be a key thing to watch.