Sanghvi Movers Powers Up with Rs 180 Crore Order Bonanza

Sanghvi Movers saw its shares rise by 3.44% to Rs 1100.95 after announcing the acquisition of two substantial work orders valued at over Rs 180 crore. The first project entails delivering a comprehensive, customized solution to a prominent Independent Power Producer (IPP) in the renewable energy sector.

This ten-month project, scheduled for over 95% execution in FY 2024-25, includes comprehensive project monitoring, engineering, and complete service delivery. The scope covers mechanical services like cranes and trailers, as well as installation, commissioning, civil, electrical, and site management.

The second contract marks a new business venture for Sanghvi Movers, involving above-ground piping work, fabrication, painting, and erection services. This contract is for a diversified global EPC player in the hydrocarbons sector, demonstrating Sanghvi Movers' expanding capabilities.

These strategic contracts underscore Sanghvi Movers' growing influence and adaptability in diverse industrial sectors, reinforcing its position as a leading service provider. The company's latest ventures are expected to significantly contribute to its revenue and operational expansion.

Sanghvi Movers continues to diversify its portfolio, showcasing its prowess in delivering specialized solutions across various industries. The recent work orders highlight the company's robust growth trajectory and commitment to excellence in service delivery.

News by Rahul Yelligetti