Sanghvi Movers has received work order aggregating to Rs 166 crore from one of eminent Independent Power Producers (IPP) in the renewable energy sector, for providing Cranes, WTG Inter-carting, Installation & Pre-commissioning and making WTG Foundations with geotechnical analysis. The total duration of this contract is 24 months starting from January - 2024 till January 2026.
Crane rental services account for approximately 33% of the total contract value and the balance accounts for the aforementioned activities under wind EPC services as mentioned above. Out of total contract value, around 3% of contract value will be executed in current financial year i.e. FY 2023-24, 64% of contract value will be executed in next financial year i.e. FY 2024-25 and the balance will be completed in FY 2025-26.
Sanghvi Movers is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector.
