Shares of GHV Infra Projects rose by 1.75 per cent after the company announced it had received a Letter of Intent (LoI) valued at Rs 1.2 billion from GHV (India) for engineering and construction work. The project pertains to the integrated redevelopment of a South Eastern Railway station located in Jharkhand.

The sub-contract, valued at approximately Rs 1.2 billion, is expected to be completed within a three-year period from the commencement date, as outlined in the agreement.

GHV Infra Projects operates in the infrastructure and construction sector, undertaking engineering and project execution across India.

Financially, the company posted a standalone net profit of Rs 47.2 million for Q1 FY26, compared to a net loss of Rs 0.7 million in the same quarter of the previous year. Revenue from operations during Q1 FY26 stood at Rs 804.6 million, reflecting a significant improvement in operational performance year-on-year.