Work Order of about Rs. 92 crore received from promoter-linked GHV (India) for Kurla carshed works
GHV Infra Projects Ltd has received a Work Order from GHV (India) Private Limited.
By ScoutQuest · · 2 min read
- Work Order Value
- approximately Rs. 92 crores, excluding GST
- Completion Timeline
- within 24 (Twenty-Four) months from the date of commencement
- Related Party Status
- awarding entity is promoter-linked; order is a related party transaction done at arm's length
What the company informed the exchange
GHV Infra Projects Ltd has received a Work Order from GHV (India) Private Limited. The work is described as the construction of various infrastructural development works for expansion of capacity of Carshed at Kurla. The update calls it a "Work Order" and states that the awarding entity is domestic.
Size and timeline
- Order value: approximately Rs. 92 crores, excluding GST.
- Completion window: within 24 (Twenty-Four) months from the date of commencement.
Annexure I to the update repeats the same scope and value, describing the order as approximately Rs. 92 Crores (Rupees Ninety-Two Crore) excluding GST, and the same 24 (Twenty-Four) months completion period from the date of commencement.
Who is placing the order
- The order is from GHV (India) Private Limited.
- Mr. Jahidmohmed Vijapura is a deemed promoter of GHV Infra Projects Ltd.
- He is also a Director and shareholder of GHV (India) Private Limited.
- He is a designated partner/partner in JHV Commercials LLP, which the update says holds a major stake in GHV Infra Projects Ltd.
- The company confirms that the order falls within related party transactions, and states that it is done at arm's length.
A wording point in the document
On one page the value is printed as "Rs. 92 crores" with the words in brackets reading "Rupees One Hundred and Five Crore". Annexure I states "Rs. 92 Crores (Rupees Ninety-Two Crore)", and the figure of Rs. 92 crores is the one repeated in the annexure.
Points a retail investor may want to follow
- The work is to be executed within the stated completion window of 24 (Twenty-Four) months from commencement, so the start date and progress against that window are the things to track.
- Because the order comes from an entity linked to a deemed promoter of the company, the related party disclosure and the arm's length confirmation are the parts of the update that explain the relationship.
- The value is stated excluding GST, so the figure in the update is before tax.
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More numbers
- Value of the Work OrderRs. 92 crores
- Value of the Work Order (Annexure I)Rs. 92 Crores
- Word form of value printed on page 1Rupees One Hundred and Five Crore
- Completion period from date of commencement24 (Twenty-Four) Months
- Completion period (Annexure I)24 (Twenty-Four) months
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