Infrastructure Order Win
GHV Infra Projects Receives ₹213 Crore Railway Infrastructure Work Order in West Bengal
NSE
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BSE
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GHV Infra Projects Limited has received a work order worth approximately ₹213 crore (including GST) from GHV (India) Private Limited for execution of composite railway infrastructure projects in West Bengal. The order covers coaching complex maintenance infrastructure, next-generation freight maintenance facilities, and loco shed infrastructure development, with execution scheduled over 14 months.
PRICE-SENSITIVE TRIGGER
Event: Receipt of major railway infrastructure work order.
Type: Infrastructure Order Win
Impact: Positive
Immediate Effect: The order strengthens GHV Infra Projects’ order book and provides revenue visibility over the next 14 months through execution of multiple railway infrastructure projects in West Bengal.

Key Metrics:
- Order Value: ₹213 Crore (Including GST)
- Project Type: Composite Railway Infrastructure Project
- Execution Period: 14 Months
- Geography: West Bengal, India
- Order Category: Civil, Electrical, Mechanical, Signal & Telecom Works
Highlight:
- New Orders Secured: ₹213 Crore railway infrastructure work order received.
What Happened ?
GHV Infra Projects Limited informed stock exchanges that it has received a work order from GHV (India) Private Limited for a composite railway infrastructure project in West Bengal. The scope includes civil, electrical, mechanical, and signal & telecom works associated with coaching complex infrastructure, next-generation freight maintenance facilities, and loco shed construction. The contract is valued at approximately ₹213 crore including GST and is scheduled for completion within 14 months from commencement.
Key Details
Project Scope and Contract Particulars:
- Work order awarded by GHV (India) Private Limited.
- Contract involves integrated Civil, Electrical, Mechanical and Signal & Telecom infrastructure works.
- Scope includes upgrading and developing maintenance infrastructure at railway coaching complexes.
- Project includes development of next-generation freight maintenance facilities.
- Infrastructure construction of a loco shed forms part of the awarded scope.
- Total contract value stands at approximately ₹213 crore including GST.
- Execution timeline is 14 months from the commencement date.
- The project is classified as a domestic order.
Note:
- The awarding entity, GHV (India) Private Limited, has promoter-linked ownership interests with GHV Infra Projects Limited. The company disclosed that the transaction is being undertaken on an arm’s-length basis.
Risk Analysis
Summary:
- While the contract significantly enhances order visibility, project execution, cost control, and timely completion remain critical factors for realizing expected revenue and profitability.
Key Risks:
- Delays in project execution may impact revenue recognition schedules.
- Cost inflation in construction materials and labour could affect margins.
- Railway infrastructure projects involve coordination across multiple technical disciplines.
- Related-party nature of the transaction may attract additional governance scrutiny.
- Any delays in approvals or site readiness may affect project timelines.
Worst Case:
- Project execution delays, cost overruns, or operational bottlenecks could reduce profitability and postpone expected cash flow realization from the contract.
Risk Level: Medium
Company Commentary
- GHV Infra Projects has received a work order from GHV (India) Private Limited.
- The contract covers coaching complex infrastructure, freight maintenance facilities, and loco shed construction in West Bengal.
- The work order value is approximately ₹213 crore including GST.
- The company expects completion within 14 months from commencement.
- The company disclosed that the related-party transaction is being conducted on an arm’s-length basis.
Official Exchange Filing: GHV Infra Projects Limited


