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Infra stock hits upper circuit after it receives order worth ₹546 Cr for road construction in Mumbai

Infrastructure company has secured a ₹546 crore road construction subcontract in Mumbai, set to improve roads over 24 months, enhancing infrastructure and benefiting local commuters and businesses.
Infra stock jumps 4% after it receives order worth ₹898 Cr from Ministry of Road Transport

Introduction:

Infrastructure company has secured a ₹546 crore subcontract for road construction in Mumbai, Maharashtra. The project aims to improve road conditions over 24 months, contributing to the city’s development and enhancing quality for commuters and businesses alike.

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Share price movement of GHV Infra:

On December 26, 2024, GHV Infra Projects Ltd opened at ₹84.02, up 1.99% from its previous close of ₹82.38. The stock reached a high of ₹84.02, with no recorded low. By 11:14 AM, it traded at ₹84.02, a 1.99% increase, with a market cap of ₹5.88 crore.

GHV Infra secures ₹546 crore subcontract:

GHV Infra Projects Limited has announced receiving a subcontract from M/s. GHV (India) Private Limited for road construction in Mumbai, Maharashtra. The project aims to improve various roads, valued at approximately ₹546 crores, with a completion period of 24 months.

The subcontract reflects GHV Infra’s ongoing expansion and involvement in significant infrastructure projects. The company is set to enhance road quality and infrastructure in Mumbai, contributing to the city’s development.

The road construction work, with a value of ₹546 crores, highlights GHV Infra’s strong presence in the infrastructure sector. With a 24-month timeline, this project is expected to significantly improve road conditions in Mumbai, benefiting both commuters and local businesses.

Recent news on GHV Infra:

As of December 25, 2024, GHV Infra Projects Limited has secured a ₹79 crore subcontract from GHV India Pvt. Ltd. for the 4-laning of the Balwara to Dhangaon section in Madhya Pradesh under the Bharatmala Pariyojana, with a 6-month completion timeline.

Stock performance of GHV Infra for Period of 1 week and 1 month:

GHV Infra Projects Ltd (Formerly known as Sindu Valley Technologies Limited) has shown strong performance with a 6.11% return over the past week and an impressive 48.4% return over the past month.

Also Read: NBFC stock jumps after company announces 1:5 stock split

Shareholding pattern of GHV Infra:

All values in %Sep 2024Jun 2024Mar 2024
Promoter73.60%73.60%73.60%
FII0%0.00%0.00%
DII0%0.00%0.00%
Public26.50%26.50%26.50%
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About GHV Infra:

GHV Infra Projects Ltd. (BSE: 505504), formerly Sindu Valley Technologies, specializes in integrated Engineering Procurement and Construction (EPC) services. The company operates across highways, railways, buildings, and water management sectors, offering comprehensive infrastructure 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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