Synopsis: GHV Infra Projects Limited (BSE: 505504) shares were locked in a 5% upper circuit at ₹351.40 on February 19, 2026. The “Zero-Minute” fact is that the company secured a ₹123 crore Letter of Award (LOA) for a 28.83 MWp rooftop solar project, benefiting over 14,000 consumers with a strict 120-day completion mandate.
On Thursday, February 19, 2026, GHV Infra Projects Limited emerged as a top performer in the renewable energy infrastructure space. The stock opened at its upper circuit limit of ₹351.40, marking a nearly 5% gain from its previous close. This rally was fueled by the announcement of a significant EPC (Engineering, Procurement, and Construction) contract from Enmas EPC Power Projects Limited (JV), further solidifying GHV’s pivot from traditional construction to high-growth green energy solutions.
The company’s market capitalization has now crossed ₹2,530 crore, reflecting a massive year-to-date surge of over 15%. Investors are increasingly betting on GHV’s ability to execute large-scale, socially impactful projects under tight regulatory and operational timelines.
Why the ₹123 Crore solar order triggered a rally
The primary driver is the High-Velocity Execution Pipeline. The contract requires the installation of grid-connected rooftop solar plants for 14,416 SC & ST consumers within just 120 days. This rapid turnaround time not only guarantees immediate revenue recognition but also demonstrates the company’s operational agility in the decentralized solar market.
Furthermore, the “1-2-1” rule of today’s surge was evident: one major clean energy catalyst (₹123 Cr Solar Order), two strategic pillars (a 28.83 MWp capacity and focus on social impact infrastructure), and one clear financial objective. GHV Infra is aiming to leverage its 82.1% Return on Equity (ROE) to transition into a dominant player in India’s decentralized renewable energy landscape.
GHV Infra Projects: Solar Order & Financial Snapshot
| Key Metric | Details (Feb 19, 2026) | Strategic Impact |
| Order Value | ₹123 Crore | Significant Revenue Boost |
| Solar Capacity | 28.83 MWp | Renewable Portfolio Growth |
| Execution Period | 120 Days | Fast Revenue Recognition |
| Intraday High | ₹351.40 (Upper Circuit) | Bullish Market Sentiment |
| Q3 Net Profit | ₹11.22 Crore | Strong Fundamental Base |
The Solar EPC Pivot and Market Outlook
GHV Infra is rapidly diversifying its order book to include high-margin energy projects.
- Specialized Beneficiaries: The project specifically serves Scheduled Caste and Scheduled Tribe households, aligning the company with government-led social welfare and green energy mandates, which often receive faster regulatory clearances and payments.
- Full-Stack EPC Services: The contract covers everything from the supply of solar panels and inverters to testing and commissioning. This end-to-end involvement allows GHV to maintain tighter control over margins compared to pure sub-contracting work.
- Technical Outlook: Chartists identify ₹351.40 as a strong momentum zone, with the stock trading well above its 50-day and 200-day moving averages. If the company maintains its execution pace, the next technical target is seen near its 52-week high of ₹362.40.
The Bottom Line
The 5% upper circuit in GHV Infra Projects reflects the market’s confidence in its renewable energy transition. For the Aam Aadmi investor, the focus remains on the 120-day execution window. If GHV successfully commissions these 14,000+ solar units by June 2026, it will likely see a further valuation re-rating as its “green energy” credentials become a permanent fixture of its balance sheet.
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