Sanghvi Movers Ltd receives two orders worth in excess of Rs. 180 crores

Sanghvi Movers Limited has received two work orders with a total value in excess of Rs. 180 Crores.

First, a turnkey customised solution for an eminent Independent Power Producers (IPP) in the renewable energy sector. The scope includes project monitoring and engineering solutions while delivering complete mechanical (cranes, trailers, and installation and commissioning services), civil, electrical, and site management activities. The duration of this order is ten months and the majority of this order (>95%) will be executed in FY 2024-25.

Second, a new business offering, for above ground piping work, fabrication, painting and erection which includes supply of skilled manpower and tools and tackles specifically for the hydrocarbons sector. The order has been received from a diversified global EPC player and the duration is for six months, to be executed in this financial year.

Shares of Sanghvi Movers Limited was last trading in BSE at Rs. 1064.35 as compared to the previous close of Rs. 1071.15. The total number of shares traded during the day was 21019 in over 1886 trades.

The stock hit an intraday high of Rs. 1095.25 and intraday low of 1061.60. The net turnover during the day was Rs. 22668995.00.

Source : Equity Bulls

Keywords

SanghviMovers INE989A01024 OrderWin