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Valor Estate Limited has received a Letter of Intent from GHV Infra Projects Ltd to serve as the engineering, procurement, and construction (EPC) partner for the PAP & Police Housing Project at Malad (East), Mumbai. The project is being developed by the Municipal Corporation of Greater Mumbai (MCGM) and involves the construction of approximately 13,374 affordable housing tenements. The initial scope of the work is around ₹2,000 crore, with a completion period of 60 months from the date of commencement. The Letter of Acceptance (LOA) for the project was originally issued on June 4, 2025.
This is a major order win for Valor Estate, adding a large-scale, government-backed project to its order book. The ₹2,000 crore contract is likely material to the company's revenue and could positively impact investor sentiment, though execution risk over the 5-year timeline remains a key factor to watch.