Article Body
GHV Infra Projects shares gained nearly 3% in early morning trading on Tuesday after the company announced that it had secured a major infrastructure work order worth approximately ₹213 crore, including GST.
In a regulatory filing, the company informed stock exchanges that GHV (India) Private Limited has awarded it a contract for the execution of composite infrastructure works in West Bengal. The project covers a wide range of construction activities, including civil, electrical, mechanical, signal, and telecom works.
According to the company, the scope of the project includes the upgradation and development of maintenance infrastructure at a coaching complex, development of next-generation freight maintenance facilities, and construction of infrastructure for a locomotive shed in the state.
The total contract value stands at around ₹213 crore, including applicable GST. GHV Infra Projects stated that the project is expected to be completed within 14 months from the date of commencement.
The order is expected to strengthen the company’s order book and further expand its presence in the railway infrastructure sector. The company clarified that the contract has been awarded by a domestic entity and falls under the category of infrastructure development work.
At 10:44 AM, GHV Infra Projects shares were trading higher after touching an intraday high of ₹226.90. The stock opened at ₹226.00 against its previous close of ₹217.75. During the session, it moved between ₹218.00 and ₹226.90, with a traded volume of over 20,000 shares. The stock has a 52-week high of ₹368.50 and a 52-week low of ₹182.91.
Comments