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Stock hits upper circuit after it receives order worth ₹363 Cr for solar power project in Gujarat

News by Aliceblue News Desk

06 Mar 2025

Stock hits upper circuit after it receives order worth ₹363 Cr for solar power project in Gujarat

Introduction:

Stock has secured an EPC contract to develop a 100 MW ISTS-connected solar power project in Gujarat, valued at ₹363 crore. The project includes operations and maintenance for three years, reinforcing its presence in renewable energy and strengthening its expertise in large-scale infrastructure development.

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Share Price movement of GHV Infra Projects:

On March 6, 2025, GHV Infra Projects Ltd opened at ₹225.10, reaching a high of ₹225.10, up 1.99% from its previous close of ₹220.70 hitting upper circuit and a low of ₹225.10. The stock is currently trading at ₹225.10, with a market cap of ₹324.48 crore.

GHV Infra Projects received new order:

GHV Infra Projects Limited has secured an EPC contract from GHV India Pvt. Ltd. to develop a 100 MW ISTS-connected solar power project in Gujarat. The project includes operations and maintenance for three years, with a total contract value of ₹363 crore.  

The solar power project will be executed on an EPC basis, ensuring efficient design, procurement, and construction. The contract is set for completion within 15 months, aligning with the company’s focus on expanding its presence in the renewable energy sector and sustainable infrastructure projects.  

This order strengthens GHV Infra’s portfolio in the solar energy space, reinforcing its expertise in large-scale infrastructure projects. The company continues to contribute to India’s renewable energy goals, leveraging its capabilities to develop high-efficiency solar power installations.

Also Read: FMCG stock jumps 4% after company to enter into infra development business

Recent news About GHV Infra Projects:

On December 2, 2024, the company officially changed its name to GHV Infra Projects Limited, reflecting a strategic pivot towards infrastructure development. This rebranding aligns with its focus on sectors such as transport infrastructure, energy, environmental projects, and industrial developments. ​

Ace investor holding of GHV Infra Projects:

Husena Akbarali Musamji holds a 5.20% stake in GHV Infra Projects Ltd., with 750,000 shares valued at ₹16.9 crore. As a new investor, this stake signals confidence in the company’s growth potential, particularly in infrastructure and renewable energy projects.

Kalpesh Kantilal Patel recently acquired a 2.08% stake in GHV Infra Projects Ltd., holding 300,000 shares worth ₹6.8 crore. His investment highlights a positive outlook on the company’s infrastructure expansion and its increasing presence in India’s renewable energy sector.

Also Read: EV stock jumps after it enters into battery swapping technology

Stock performance of GHV Infra Projects  for Period of 1 week, 6 months and 1 year:

Over the past week, GHV Infra Projects’ stock has seen an 8.19% increase, reflecting positive market sentiment. The company’s performance over six months and one year remains to be assessed, with investors closely monitoring its movements amid new project developments and industry trends.

Shareholding pattern of GHV Infra Projects:

SummaryDec-24Sep-24Jun-24
Promoter 3.60%73.60%73.60%
FII0%0%0%
DII 0%0%0%
Public96.40%26.50%26.50%
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About GHV Infra Projects :

GHV Infra Projects Ltd. is a leading infrastructure development company specializing in highways, bridges, and renewable energy projects. With expertise in EPC contracts, the company focuses on delivering large-scale projects, enhancing India’s infrastructure landscape through innovation, efficiency, and sustainable development solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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