GHV Infra Projects Limited, formerly known as Sindu Valley Technologies Limited, has announced a significant international win. The company has secured a Letter of Award (LOA) from Rana Exim FZ-LLC, based in Ras Al Khaimah Economic Zone (RAKEZ), United Arab Emirates, for an EPC contract valued at approximately Rs 2,645 crore.

The development was officially disclosed on 2nd August 2025 in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This contract is a major international milestone for GHV Infra, which continues to expand its EPC footprint beyond India.

About the Contract

According to the announcement, GHV Infra has been awarded an EPC (Engineering, Procurement, and Construction) contract for the development of the Erisha Smart Manufacturing Hub, which will comprise state-of-the-art industrial and commercial buildings in the RAKEZ industrial zone.

The total project value stands at AED 1.12 billion, equivalent to approximately Rs 2,645 crore. The project is expected to be completed within 24 months, excluding 90 days for initial setup and mobilisation. This suggests the company could commence groundwork within the next quarter.

About the Client – Rana Exim FZ-LLC

The contract is awarded by Rana Exim FZ-LLC, an entity registered under number 0000004058240 in the Ras Al Khaimah Economic Zone, UAE. This international client has entrusted GHV Infra with developing a smart infrastructure hub that could potentially become a landmark in UAE’s rapidly evolving industrial sector.

GHV Infra has confirmed that there is no promoter or related party interest involved, and the order was secured at arm’s length, maintaining full compliance with regulatory norms and transparency standards.

Strategic Significance of the Project

This contract holds immense value for GHV Infra as:

• It strengthens the company’s global project execution credentials.

• It highlights its engineering capability in delivering advanced smart infrastructure.

• It brings substantial revenue visibility over the next two years.

Being awarded a large-scale international contract also boosts the company’s brand perception and competitiveness, particularly in the Middle East—a region with a high demand for smart industrial infrastructure.

Project Details

The Erisha Smart Manufacturing Hub is envisioned as a next-generation manufacturing ecosystem, supporting various industries through:

• Modern industrial zones tailored for smart operations.

• Commercial buildings to support ancillary services and logistics.

• Integrated infrastructure designed for efficiency, sustainability, and innovation.

The site will be located within RAKEZ, which is known for offering attractive business infrastructure and ease of operations to global investors.

Financial Considerations and Execution Timeline

The project’s estimated cost of Rs 2,645 crore (or AED 1.12 billion) represents a major financial commitment and responsibility. Given the 24-month deadline, along with 90 additional days allocated for setup, the company is expected to initiate mobilisation in the near term.

This would involve:

• Deploying manpower and materials to the site in UAE.

• Engineering design finalisation.

• Securing local regulatory approvals in RAKEZ.

• Coordinating with UAE-based stakeholders to align project delivery schedules.

GHV Infra will need to demonstrate strong execution capabilities, especially given international logistical and compliance demands.

Leadership Comment

Although no direct quote from management was included in the filing, the official communication was signed by Mr. Ajay Hans, Managing Director (DIN: 00391261), affirming the strategic nature of this win. The company expressed confidence in delivering the project within the stipulated time frame and standards.

This LOA represents not only a boost in order book size but also a step forward in GHV Infra’s long-term growth strategy, which includes expanding into smart infrastructure, global EPC contracts, and high-tech industrial zones.

Regulatory Filing and Disclosure

The filing was made under Scrip Code 505504 on BSE and Scrip ID GHVINFRA. The filing includes Annexure I, outlining project specifics as required by SEBI’s July 13, 2023 circular (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123).

The company also clarified that:

• The project is international in nature.

• It is not a related party transaction.

• It follows arm’s length contractual norms.

This disclosure reflects GHV Infra’s commitment to corporate governance and timely investor communication.

Conclusion

GHV Infra’s Rs 2,645 crore contract in UAE marks a major international milestone for the company, solidifying its presence in global EPC infrastructure development. With the Erisha Smart Manufacturing Hub, the company will play a crucial role in shaping UAE’s industrial future, while strengthening its own financial and operational base.

As India’s EPC players look to tap into global opportunities, GHV Infra’s success in securing this high-value UAE project positions it as a serious contender on the global stage.

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