Sanghvi Movers has received work orders aggregating to Rs 150 crore from eminent Independent Power Producers (IPP) in the renewable energy sector, for providing crane rental services along with allied services comprising of WTG surface logistics, inter-carting, installation & pre-commissioning of WTGs, development of wind farm and storage yard. Crane services account for around 50% of the total contract value and the balance accounts for the aforementioned activities under wind EPC services. 

These contracts are of 18 months duration starting from April 2023 and ending in October 2024. Out of total contract value, around 44% of contract value will be executed in current financial year i.e. FY 2023-24 and the balance will be completed in FY 2024-25. The total order value translates to 539 MW of new capacity addition by its esteemed customers. 

Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.

Sanghvi Movers Share Price

312.95 7.80 (2.56%)
22-Nov-2024 16:59 View Price Chart
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Company Name CMP
BEML 3815.55
Action Const. Equip 1225.35
Sanghvi Movers 312.95
Brady & Morris Engg 1515.95
TIL 272.20
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