Sanghvi Movers secures Rs 150-cr contract in crane rental services
Sanghvi Movers, a leading crane rental service provider, has been awarded work orders worth Rs 150 crore from independent power producers (IPP) in the renewable energy sector. The contracts encompass a range of services, including crane rental, wind turbine generator (WTG) surface logistics, inter-carting, installation, and pre-commissioning of WTGs, as well as the development of a wind farm and storage yard. Approximately 50 percent of the contract value is attributed to crane services, while the remaining balance covers wind-based engineering, procurement, and construction (EPC) activities. These contracts are scheduled for completion over an 18-month period, with 41 percent of the work expected to be executed in FY24 and the remaining in FY25.