"Sanghvi Movers Ltd Secures Order Valued at Rs. 166 Crores"

Independent Power Producer (IPP) in the renewable energy sector. The comprehensive contract encompasses the provision of Cranes, WTG Inter-carting, Installation & Precommissioning, and the construction of WTG Foundations with geotechnical analysis.

This significant project is slated to span a total duration of 24 months, commencing from January 2024 and concluding in January 2026. The contract is diverse, with approximately 33% of the total value allocated to crane rental services. The remaining balance is attributed to the specified activities under wind EPC services, including WTG Inter-carting and foundation construction.

The execution timeline reveals that around 3% of the contract value will be realized in the current financial year (FY 2023-24), followed by 64% in the subsequent financial year (FY 2024-25). The remaining portion of the contract will be completed in FY 2025-26.

This significant order not only reinforces Sanghvi Movers Ltd's stature in the industry but also represents a notable milestone, marking the largest single order received from a single customer in the Wind EPC segment. The contracted work is expected to result in the addition of 300 MW of new capacity by the esteemed customer, underscoring Sanghvi Movers Ltd's pivotal role in supporting the growth of renewable energy infrastructure.

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