The projects include the upgradation and development of maintenance infrastructure at a coaching complex, next-generation freight maintenance facilities, and the infrastructure construction of a loco shed in West Bengal.
The work is required to be completed within 14 months from the date of commencement. The company said the order has been awarded by a domestic entity. As per the disclosure, GHV (India) Private Limited is also the awarding entity for the contract.
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The company noted that the transaction is a related party transaction and is being carried out on an arm’s length basis.
In April this year, GHV Infra Projects Ltd said it had received two work orders worth about ₹216 crore from GHV (India) Private Limited for infrastructure development works related to the expansion of car shed capacity at Sanpada and Kalwa in Maharashtra.
According to a regulatory filing, the company received a work order valued at approximately ₹111 crore, excluding GST, for the construction of various infrastructural development works for the expansion of the car shed at Sanpada.
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In a separate order, the company received another work order valued at approximately ₹105 crore, excluding GST, for similar infrastructural development works for the expansion of the car shed at Kalwa.
Both contracts have been awarded by a domestic entity and are required to be completed within 24 months from the date of commencement. GHV (India) Private Ltd is the entity awarding the contracts.
Shares of GHV Infra Projects Ltd ended at ₹217.35, down by ₹2.10, or 0.96%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
