GHV Infra Projects Limited (formerly known as Sindu Valley Technologies Limited) has successfully secured a ₹191 crore work order for the Design, Engineering, Supply, Fabrication, Installation, Testing, and Commissioning of an Overall Mechanical Package for a 500 MW Flue Gas Desulfurization (FGD) system in Gujarat. The project also includes a three-year comprehensive Operations & Maintenance (O&M) contract after commissioning.

This significant Engineering, Procurement, and Construction (EPC) contract was awarded by GHV India Pvt. Ltd., Mumbai, and is expected to be completed within 15 months. The FGD system is a crucial environmental compliance technology that helps reduce sulfur dioxide (SO₂) emissions from power plants, ensuring adherence to stringent emission norms set by regulatory authorities.

Key Details of the Work Order

• Project Name: Supply, Installation, Commissioning & Testing of FGD System for a 500 MW Power Plant

• Client: GHV India Pvt. Ltd., Mumbai

• Nature of Work: Full-scale EPC execution of the FGD system

• Contract Value: ₹191 crores

• Completion Timeline: 15 months

• Entity Awarding the Contract: Domestic Entity (GHV India Pvt. Ltd.)

• Related Party Transaction: Yes, executed at arm’s length

Promoter Interest in the Contract

As per the disclosure made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this contract falls under the category of related-party transactions. However, the company has confirmed that the transaction is conducted at arm’s length, ensuring fair market value pricing.

Mr. Jahidmohmed H. Vijapura, a deemed promoter of GHV Infra Projects Limited, has an interest in GHV India Pvt. Ltd., the entity awarding the contract. His association includes:

• Serving as a Designated Partner/Partner in JHV Commercials LLP, which holds a major stake in GHV Infra Projects Limited.

• Holding the position of Director and Shareholder in GHV (India) Private Limited, the client awarding the contract.

Strategic Importance of the Project

This project plays a vital role in India’s environmental sustainability goals, particularly in reducing emissions from coal-based power plants. With increasing regulatory scrutiny and environmental mandates from the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the Central Pollution Control Board (CPCB), power plants across India are required to implement FGD systems to curb SO₂ emissions.

GHV Infra Projects Limited’s expertise in EPC execution positions it strongly within the power and infrastructure sector. The successful implementation of this ₹191 crore project will further enhance the company’s reputation in delivering complex, high-value engineering solutions.

Regulatory Compliance & Market Impact

In compliance with Regulation 30 of SEBI’s LODR Regulations, GHV Infra Projects has revised its corporate announcement with additional details as per SEBI’s directive dated July 13, 2023. The disclosure ensures transparency in contract awards and related-party transactions, reinforcing investor confidence.

Investors and market participants will closely watch GHV Infra’s execution capabilities on this high-value project, as it may set a precedent for future EPC contracts in power plant infrastructure.

Conclusion

The ₹191 crore work order for an FGD system in Gujarat marks a significant milestone for GHV Infra Projects Limited. With a strong execution timeline of 15 months, the project reaffirms the company’s engineering capabilities and commitment to sustainable energy solutions. The contract, though classified as a related-party transaction, has been conducted at arm’s length, ensuring compliance with SEBI’s regulations.

GHV Infra Projects continues to expand its EPC footprint, reinforcing its position in India’s infrastructure and power sector. The successful completion of this project could pave the way for future opportunities in the environmental compliance sector, especially within India’s growing power industry.

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