GHV Infra Projects Ltd has secured an EPC contract worth ₹2,645 crore (AED 1.12 billion) from Rana Exim FZ-LLC, under an agreement with RAKEZ, Ras Al Khaimah, UAE. The contract is expected to be completed within 24 months, with a 90-day initial setup and mobilization period. The company’s total order book has risen to over Rs. 7,000 crore. The board of directors approved bonus shares and a stock split to enhance liquidity and accessibility for retail investors. In a significant international breakthrough, GHV Infra Ltd. has won a prestigious Engineering, Procurement, and Construction (EPC) contract worth ₹2,645 crore from Rana Group in the United Arab Emirates (UAE).
Project Overview
The contract entails the development of a large-scale project in the UAE, covering road construction, bridge engineering, and integrated utilities. Though specific details about the project’s scope remain under wraps, sources indicate that it will include smart city with advanced design specifications in line with international benchmarks. This EPC contract adds significant value to GHV international order book and aligns with its global expansion strategy. (Waterways)
Strategic Importance
This win comes at a time when Indian companies are increasingly eyeing overseas opportunities to diversify their portfolios. GHV entry into the UAE market positions it among a select group of Indian firms making a strategic shift towards international markets. The Middle East, particularly the UAE, continues to invest heavily in infrastructure, offering immense potential for experienced players like GHV Infra. This development marks a major milestone for the Indian infrastructure firm as it expands its footprint beyond domestic boundaries and enters the competitive Middle East market.
The contract encompasses comprehensive EPC (Engineering, Procurement, and Construction) responsibilities for a large-scale urban infrastructure development in the UAE. This includes expressways, elevated corridors, drainage and sewerage systems, lighting, and auxiliary utilities. Sources close to the deal have hinted at GHV involvement in implementing smart traffic systems and climate-resilient infrastructure, reflecting the UAE’s push for next-generation city planning.
Partnership with Rana Group
Rana Group, a prominent UAE-based conglomerate with interests in construction, logistics, and energy, selected GHV after a competitive bidding process. This collaboration is expected to leverage the engineering strength of GHV and the regional expertise of Rana Group. The project is expected to commence in the next quarter, with a targeted completion timeline of 30 months. This deal is expected to boost India’s global reputation in infrastructure exports. In line with the government’s push for Make in India and global contracting, GHV international success echoes the trends reported in (PwC’s Global Construction)
Financial Implications
With this ₹2,645 crore order, GHV Infar’s order book is set to cross new highs. The deal not only strengthens its revenue pipeline for the coming years but also signals investor confidence in its operational capability. Analysts anticipate that such high-value international contracts will improve the company’s valuation metrics and attract interest from global investors. In a remarkable stride towards global expansion, GHV Infra Ltd., a prominent Indian infrastructure and EPC company, has clinched a ₹2,645 crore contract from Rana Group, a UAE-based multinational conglomerate.
Industry Outlook
The global EPC market is projected to grow steadily, driven by infrastructure upgrades, smart city projects, and green energy developments. Indian firms like GHV, which have a proven track record in highway and bridge construction, are increasingly being seen as reliable global partners. With this UAE project, GHV enters a league of Indian firms contributing to infrastructure development beyond national borders. This high-value project solidifies GHV entry into the competitive Middle Eastern infrastructure sector, marking a new chapter in its international operations.
Q1. What is the value of the contract GHV won in the UAE?
GHV secured an EPC contract worth ₹2,645 crore from Rana Group.
Q2. Who awarded the EPC contract to GHV Infra?
The contract was awarded by Rana Group, a prominent UAE-based conglomerate.
Q3. What does the EPC contract involve?
It includes engineering, procurement, and construction for a major urban infrastructure project in the UAE.
Q4. Why is this project significant for GHV Infra?
It marks GHV’s strategic entry into the international infrastructure market, particularly in the Middle East.
Q5. When is the project expected to begin?
The project is expected to commence in the next quarter, with a completion timeline of around 30 months.
