GHV Infra wins $90m Ohio RNG EPC deal worth ₹840cr

Stock reaction after the US EPC win

GHV Infra Projects rose 1.88% to ₹326 after the company disclosed a new overseas engineering, procurement and construction (EPC) contract. The order is for a Renewable Natural Gas (RNG) and fertilizer project in the United States, awarded by Ductor Americas Inc. The development matters because it adds a large international project to a company that has largely executed infrastructure work in India. The filing also includes standard governance disclosures on promoter interest and related-party exposure.

What the DUCTOR RNG Project DRAKE is

The project is titled DUCTOR RNG Project DRAKE and is located in Versailles, Ohio. The facility is planned as an RNG and fertilizer project. GHV Infra’s role is structured as a comprehensive EPC assignment rather than a limited work package. The awarding entity is described as an international entity in the disclosure, and Ductor Americas is mentioned as a subsidiary of a Finnish clean energy company.

Scope of work: end-to-end EPC execution

According to the disclosed scope, GHV Infra will handle the full project cycle. This includes design and engineering, procurement, construction and installation, and later-stage activities such as commissioning and testing. The scope also includes “associated services” required to develop the facility. With EPC structures, the contractor typically coordinates multiple workstreams, from equipment sourcing to on-site execution, within a single contract framework.

Timeline: 737 days, roughly 24 months

The EPC contract terms indicate a completion timeline of 737 days, described as approximately 24 months. For investors, the stated duration gives a rough sense of execution visibility and when revenue recognition could take shape, subject to billing milestones and contract conditions. The company has not disclosed milestone-wise billing or payment terms in the provided text.

Contract value: $10.25 million (about ₹840 crore)

The total contract value is stated at approximately $10.25 million, which the disclosure translates to around ₹840 crore. This makes it one of the larger single-ticket items referenced in the provided material. The company’s announcement frames it as a significant international contract, with execution responsibilities spanning the full EPC scope.

Governance disclosures: promoter interest and RPT clarification

GHV Infra said neither the promoter nor promoter group entities have any interest in the awarding entity. It also clarified that the contract does not fall under related party transactions. These statements are material for shareholders because they address potential conflict-of-interest concerns that can arise in contract awards.

Company profile and sectors served

GHV Infra Projects operates as an EPC company in the infrastructure and construction sector. The company’s project exposure, as described, spans transportation infrastructure, water management, industrial development, building construction, and environment and energy sectors. The US RNG facility also fits within the environment and energy segment referenced in its business description.

Financial snapshot: Q3 FY26 performance

In its disclosed financial update, the company reported a sharp year-on-year rise in quarterly profitability and revenue. Consolidated net profit for Q3 FY26 increased 391.6% to ₹14.55 crore. Revenue from operations in the same quarter rose 646.1% to ₹137.73 crore versus Q3 FY25, as stated in the text.

Other orders referenced: expressway and rail contracts

Separate items included in the provided material indicate additional order wins in India. GHV Infra disclosed an ₹1,250 crore EPC contract from APCO Infratech Private Limited for expressway connectors between Jalna and Nanded in Maharashtra, with a stated 30-month execution period and a contract date of April 11, 2026. The material also references two rail-related car shed expansion orders totaling ₹216 crore (₹111 crore for Sanpada and ₹105 crore for Kalwa), both with a stated completion timeline of 24 months from commencement, and noted as related party transactions conducted on an arm’s length basis due to common promoter connections.

Key facts table

Why the order matters for order visibility and execution tracking

A contract of roughly ₹840 crore adds meaningful execution scale, especially when paired with other disclosed wins such as the ₹1,250 crore expressway project. For shareholders, the next checkpoints typically become project commencement, milestone completion, and periodic disclosures on execution progress. The company has indicated the US project is a full EPC mandate, which increases responsibility across design, procurement and delivery. The filing date mentioned for the US order is Apr 15, 2026 (11:04 AM IST).

Conclusion

GHV Infra’s US RNG and fertilizer EPC order in Ohio, valued at about $10.25 million or ₹840 crore, triggered a positive stock reaction and comes with a stated 737-day execution period. The company has also disclosed that the award is not a related party transaction and that promoters have no interest in the awarding entity. Investors are likely to track project execution updates alongside the company’s other large EPC orders referenced in the provided material.