Sanghvi Movers Ltd. receives orders worth Rs. 150 crores.

Sanghvi Movers Limited has received work orders aggregating to Rs. 150 Crores 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 approximately 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 Apri l-23 and ending in October-24. Out of total contract value, "' 41% of contract value wil l 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 our esteemed customers.

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