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Hot Pursuit News

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(24 Jun 2024, 12:03)

Sanghvi Movers edges higher after bagging work orders worth Rs 180 crore

Sanghvi Movers added 3.44% to Rs 1100.95 after the company announced that it has bagged two work orders with a total value in excess of Rs 180 crore.


The first contract involves delivering a customized solution to a leading Independent Power Producer (IPP) in the renewable energy sector.

This ten-month project (with over 95% execution in FY 2024-25) includes project monitoring, engineering, and complete service delivery – mechanical (cranes, trailers, installation & commissioning), civil, electrical, and site management.

The second contract is part of the new business offering that is being made by Sanghvi Movers. It involves above-ground piping work, fabrication, painting, and erection for a diversified global EPC player in the hydrocarbons sector.

This six-month project will be completed within the current financial year. The company will also provide skilled manpower and necessary tools & tackles for the project.

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