Sanghvi Movers Limited, one of India’s leading crane rental and heavy-lift service providers, announced a significant order win through its material subsidiary, Sangreen Future Renewables Pvt. Ltd. The subsidiary has secured contracts worth ₹292 crore from prominent Independent Power Producers (IPPs), reinforcing its growing role in the country’s renewable energy infrastructure sector.
Scope of Work
The contracts focus on Wind Balance of Plant (BOP) projects, underscoring Sanghvi Movers’ expertise in executing end-to-end solutions for large-scale wind energy assignments. The scope includes:
- Construction of civil foundations for wind turbine generators (WTGs)
- Development of internal roads and crane platforms
- Transportation logistics for WTGs from storage yards to project sites
- Installation and mechanical completion of WTGs
- Execution of 33kV internal line works
- Setting up of dedicated DP yards for each turbine
Project Timeline
Execution of these projects is scheduled to commence in the second quarter of FY 2025-26, with targeted completion by the first quarter of FY 2026-27.
Domestic Contracts, No Related Party Involvement
The company clarified that these contracts are entirely domestic in nature, with no related party transactions or promoter involvement. This adds further credibility to the company’s order book growth.
Strategic Importance
This development reflects Sanghvi Movers’ strategic diversification into renewable energy infrastructure, particularly in wind projects. By leveraging its expertise in heavy-lift logistics and infrastructure execution, the company is well-positioned to benefit from India’s growing focus on renewable energy and its ambitious targets for clean power generation.
Summary
- Subsidiary involved: Sangreen Future Renewables Pvt. Ltd.
- Order value: ₹292 crore from Independent Power Producers.
- Scope: Wind BOP projects, including foundations, roads, crane platforms, logistics, installation, and electrical works.
- Timeline: Start in Q2 FY26, completion by Q1 FY27.
- Nature of contracts: Entirely domestic, no related party or promoter involvement.
- Strategic outlook: Strengthens Sanghvi Movers’ footprint in renewable energy infrastructure.
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