Shares of GHV Infra Projects Ltd rose 2% to ₹735.80 on Monday after the company announced it secured a new ₹546 crore work order for strengthening and improving roads in Mumbai. The contract has been awarded by GHV (India) Pvt Ltd, a company linked to GHV Infra’s promoter group.
The project is expected to be completed within 24 months and is classified as a domestic road construction initiative. While the awarding entity is related—Jahidmohmed H. Vijapura, a director in GHV India, is also a deemed promoter of GHV Infra through JHV Commercials LLP—the company clarified the transaction is at arm’s length.
This latest order follows a ₹1,060 crore contract bagged in March 2025 for constructing elevated viaducts and bridges in Maharashtra, also from GHV India, scheduled over 48 months. The back-to-back project wins highlight strong order inflows and execution visibility for the infrastructure firm.
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