The Company has informed to the exchange regarding the Receipt of Letter of Intent (LOI) from GHV (India) Private Limited.
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GHV Infra Projects has received a Letter of Intent from GHV (India) Private Limited for the Engineering and Construction of Integrated Redevelopment of a Railway Station under South Eastern Railway in Jharkhand. The sub-contract is valued at approximately Rs. 120 crores and is to be completed within 3 years from the commencement date. The award is domestic in nature. The order is from a related party — GHV (India) Private Limited — since the company's promoter Mr. Jahidmohmed H. Vijapura is also a Director and shareholder of the awarding entity, though the company states the transaction is at arm's length. This is a sub-contract, meaning GHV Infra is not the prime contractor but is executing work through GHV (India) Pvt Ltd.
The Rs. 120 crore order provides 3-year revenue visibility and adds to the company's order book in the railway infrastructure space. However, investors should note the related-party nature of the contract and that GHV Infra is a sub-contractor, not the prime awardee, which may affect margins and execution control.