GHV Infra Projects Limited has received a Letter of Intent (LOI) from Cameroon Tyres Factory Project SA for the proposed execution of Engineering, Procurement and Construction (EPC) works for a greenfield tyre manufacturing plant in Cameroon.
According to the company, the project involves setting up a tyre manufacturing facility with a production capacity of 7.6 million tyres per annum on a Lump Sum Turnkey (LSTK) basis at Bekoko in Douala.
The total project value is estimated at Euro 630 million, equivalent to approximately ₹7,000 crore, excluding taxes. The project is expected to be completed within 36 months from the date of the notice to proceed.
GHV Infra Projects Limited said the order represents a major international EPC contract win and further strengthens the company’s presence in large-scale industrial infrastructure projects overseas.
News by Rahul Yelligetti.