Sanghvi Movers Limited has received work orders aggregating to INR 1,500 million from eminent Independent Power Producers (IPP) in the renewable energy sector, for providing crane rental services along with allied services comprising of WTG surface logistics, inter-carting, installation & pre-commissioning of WTGs, development of wind farm and storage yard. Crane services account for approximately 50% of the total contract value and the balance accounts for the aforementioned activities under wind EPC services. These contracts are of 18 months duration starting from Apri l-23 and ending in October-24.

Out of total contract value, ' 41% of contract value will be executed in current financial year i.e. fiscal 2023-24 and the balance will be completed in fiscal 2024-25. The total order value translates to 539 MW of new capacity addition by company company's esteemed customers.