Sanghvi Movers receives work orders of Rs 50 Crores

Sanghvi Movers Ltd has announced that the Company has received Work Orders aggregating to Rs 50 Crores for hiring of 10 Nos. New Cranes and 10 Support Cranes from Reliance Industries Ltd, Suzlon and Enercon. The contract period is ranging from 12 months to 26 months.

Sanghvi Movers Ltd, a flagship company of the Sanghvi Group, is one of the largest crane hiring company in Asia and ranked 19th in the world by Cranes International.

A Fleet of around 200 medium to large sized Heavy Duty Hydraulic and crawler cranes with capacity ranging from 20 tons to 800 tons.

In BSE, the shares of Sanghvi Movers Ltd was trading up Rs.23.50 at Rs.750.

Source : Equity Bulls

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