GHV Infra Bags €630 Million International EPC Opportunity 

Mumbai, May 11: GHV Infra Projects Limited said it has received a Letter of Intent (LOI) from Cameroon Tyres Factory Project SA for engineering, procurement and construction (EPC) work related to a greenfield tyre manufacturing facility in Cameroon. 

The proposed plant will have an annual manufacturing capacity of 7.6 million tyres and will be developed on a lump-sum turnkey (LSTK) basis at Bekoko in Douala, located in Cameroon’s Littoral region, according to company’s exchange filing dated May 9. 

The company said the total value of the EPC assignment stands at €630 million, or nearly ₹7,000 crore excluding taxes. 

GHV Infra added that the project is expected to be executed over 36 months from the date of the notice to proceed. 

The company classified the assignment as an international EPC contract and clarified that promoter group entities and related parties do not have any interest in the awarding entity. 

The latest development marks one of the largest disclosed international opportunities for the company and significantly expands its overseas project pipeline. 

The proposed tyre manufacturing facility also reflects rising industrial investment activity across parts of Africa, where infrastructure and manufacturing projects have increasingly opened opportunities for Indian EPC players. 

Stock Market Snapshot 

Despite the scale of the proposed international contract, GHV Infra Projects shares ended lower during the session. 

The stock closed at ₹261.25 on May 8, down 1.06% from the previous close of ₹264.05 on the BSE, according to exchange data. 

During the session, the stock traded within a range of ₹260 to ₹264. 

The company’s market stood near ₹1,900 crore at the close, while the stock continued to trade below its 52-week high of ₹368.50. 

The muted reaction suggested investors may be waiting for further clarity on project execution timelines, financial closure and conversion of the LOI into a definitive contract. 

Company Expands International EPC Presence 

GHV Infra Projects Limited operates in the infrastructure and EPC execution segment with exposure across industrial, engineering and construction projects. 

The Cameroon tyre plant project expands the company’s footprint in overseas industrial infrastructure execution and strengthens its presence in the African market. 

International EPC contracts often provide long-duration revenue visibility, although investors typically track execution capability, working capital requirements and project conversion milestones closely. 

Conclusion 

The €630 million LOI marks a major international EPC opportunity for GHV Infra Projects and adds substantial visibility to its long-term order pipeline. 

While the project is currently at the letter-of-intent stage, the development positions the company for larger overseas industrial infrastructure opportunities over the coming years. 

Source: 

• https://www.bseindia.com/stock-share-price/ghv-infra-projects-ltd/ghvinfra/505504 
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/633acd47-d534-4c48-b7fe-8ce2c39cb985.pdf