GHV Infra Projects Ltd receives LOI from Cameroon Tyres Factory Project SA

GHV Infra Projects Limited ("the Company") has received a Letter of Intent (LOI) from Cameroon Tyres Factory Project SA for proposed execution of Engineering, Procurement and Construction (EPC) works for construction of a Green Field tyre manufacturing plant capacity of 7.6 million Tyres per annum on LSTK basis at Bekoko, Douala, Littoral Region, Cameroon.

The consideration for the aforesaid project is EURO 630 million (equivalent to approximately INR 7,000 Crores) excluding taxes. The completion period shall be Thirty-Six (36) Months from the Notice to proceed.

Source : Equity Bulls

Keywords

GHVInfraProjects LOI OrderWin CameroonTyresFactoryProjectSA