SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sanghvi to invest Rs 350 crore for power sector cranes

25 Nov 2009 Evaluate

Crane hiring company Sanghvi Movers Ltd (SML) will focus on acquiring cranes for the power sector in the coming fiscal and plans on a capex of Rs 350 crore for the purpose. By the end of FY 10, the SML fleet will consist of 342 cranes.

 

It plans to buy another 60 with an investment of Rs 350 crore during the 2010-11 fiscal. These will be specifically for the power sector. The financing will be through internal accruals (25 per cent) and the rest through bank borrowings.

 

During the current year, around 41 per cent of the company’s revenue will come from the power sector. Over the next 18 months, it is expected that 50 per cent of its revenues would come from this sector.

 

SML has already invested Rs 70 crore in acquiring new cranes this year. Another Rs 90 crore will be spent by March 2010, taking the company’s gross block investment in cranes till then to Rs 1,200 crore.

crackcrack

Sanghvi Movers Share Price

298.10 -6.15 (-2.02%)
20-Apr-2026 15:19 View Price Chart
Peers
Company Name CMP
BEML 1742.50
Action Const. Equip 905.00
Sanghvi Movers 298.10
TIL 205.80
Brady & Morris Engg 838.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×