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.

Shares of Sanghvi Movers Limited was last trading in BSE at Rs. 523.45 as compared to the previous close of Rs. 531.00. The total number of shares traded during the day was 36905 in over 1912 trades.

The stock hit an intraday high of Rs. 541.95 and intraday low of 515.60. The net turnover during the day was Rs. 19548843.00.

Source : Equity Bulls

Keywords

SanghviMovers INE989A01024 OrderWin CraneRentalServices