Mumbai, September 16 (Udaipur Kiran). Shares of Sanghvi Movers Ltd traded higher on Tuesday after its material subsidiary, Sangreen Future Renewable, secured work orders worth ₹292 crore from various Independent Power Producers (IPPs).
The stock opened at ₹387.00 on the BSE and touched a high of ₹389.90 before trading at ₹377.25, up by ₹4.60 or 1.23% from the previous close of ₹372.65. Around 44,524 shares changed hands during the session. The company’s market capitalisation currently stands at ₹3,226.25 crore.
The orders involve Wind Balance of Plant (BOP) projects, including construction of wind turbine generator (WTG) civil foundations, internal roads, crane platforms, transportation from storage yards to WTG sites, installation of WTGs, mechanical completion, 33 kV internal line works, and DP yards. Execution is scheduled to begin in Q2 FY 2025–26 and be completed by Q1 FY 2026–27.
Sanghvi Movers is among India’s leading providers of hydraulic and crawler cranes, catering to multiple industries across the infrastructure sector.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
Sanghvi Movers Gains as Subsidiary Bags ₹292 Cr Renewable Orders
