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GHV Infra Bags Rs 26.45 Bn UAE Contract for Smart Manufacturing Hub

2025-08-04

GHV Infra Projects, a prominent player in EPC and turnkey infrastructure execution, has received a Letter of Award (LOA) from Rana Exim FZ-LLC for the development of industrial and commercial buildings at the Erisha Smart Manufacturing Hub, located in the Ras Al Khaimah Economic Zone (RAKEZ), UAE. Valued at approximately Rs 26.45 billion, the contract is expected to be completed within 24 months, excluding a 90-day setup and mobilization period.

Commenting on the achievement, Jahid Vijapura, Group Chairman of GHV Group, stated, “As GHV Group, we continue to strive to 'Build Value' by taking up selective, high-value projects like the development of a smart manufacturing hub that supports green EV production with zero discharge facilities. This order enhances our commitment to sustainable growth.” With this project, GHV Infra’s total order book has now crossed Rs 65 billion, with the company planning to explore further strategic opportunities in the near term.

In addition to the new contract, the company’s Board of Directors, in its meeting held on July 24, 2025, approved a stock split in the ratio of 2:1 to enhance share liquidity and accessibility for retail investors. It also approved the issuance of bonus shares in the ratio of 3:2. Furthermore, the Board approved increasing the authorized share capital from Rs 160 million to Rs 660 million, subject to member approval. The shareholders, in the Extraordinary General Meeting held on June 28, 2025, also approved the issuance of convertible warrants to both promoter and non-promoter groups on a preferential basis through private placement.