Sanghvi Movers , Asia's largest crane rental service provider, has set its sights on achieving a revenue target of Rs 1,000 crore for the fiscal year 2026 (FY26). The company's ambitious goal is backed by a robust order book of Rs 950 crore, signaling strong growth prospects in the coming years.

Revenue Growth and Order Book

Managing Director Rishi Sanghvi expressed optimism about the company's performance, stating that they expect to surpass the initially projected 30% revenue growth target. The current order book of Rs 950 crore provides a solid foundation for this growth trajectory.

Sanghvi Movers anticipates securing additional orders in the second half of FY26, further bolstering its revenue streams. The company's crane rental business caters to a diverse range of sectors, including:

• Steel
• Cement
• Nuclear power
• Thermal power
• Renewable energy
• Oil and gas
• Refineries
• Metro projects
• Railways
• Bridge construction

Subsidiary Performance

The company's subsidiary, Sangreen Future Renewables, has also contributed to the positive outlook. It has secured orders worth Rs 292 crore from Independent Power Producers for wind balance of plant execution. These projects are expected to generate EBITDA margins of 10-12%, adding to the company's overall financial performance.

Expansion Plans and Capital Expenditure

Sanghvi Movers has outlined an ambitious capital expenditure plan of approximately Rs 500 crore for FY26. The allocation of this capex is as follows:

This strategic investment underscores the company's commitment to growth and its intention to strengthen its position in both domestic and international markets.

Stock Performance

Investors have responded positively to Sanghvi Movers' growth plans and strong order book. The company's shares closed 4.13% higher at Rs 387.00 on the National Stock Exchange (NSE), reflecting market confidence in its future prospects.

Conclusion

Sanghvi Movers' ambitious revenue target, backed by a strong order book and strategic expansion plans, positions the company for significant growth in FY26. With its diverse client base across critical infrastructure sectors and international expansion efforts, the crane rental giant is poised to capitalize on the growing demand for its services in India and beyond.

Sanghvi Movers Limited (SML) has announced a significant development for its material subsidiary, Sangreen Future Renewable Private Limited. The company has secured work orders worth Rs. 292.00 crores from various Independent Power Producers (IPPs) in the wind energy sector.

Project Details

The awarded contracts involve comprehensive Wind Balance of Plant (BOP) services, which include:

• Construction of Wind Turbine Generator (WTG) civil foundations
• Development of internal roads and crane platforms
• WTG transportation and installation
• Mechanical completion
• Internal 33Kv line works
• Development of DP yards

Timeline and Execution

The projects are scheduled to commence from the second quarter of the fiscal year 2025-26 and are expected to be completed by the first quarter of FY 2026-27. This timeline suggests a focused approach to project execution over approximately a one-year period.

Financial Implications

The aggregate order size of Rs. 292.00 crores represents a substantial boost to Sangreen Future Renewable's order book. This development is likely to have a positive impact on Sanghvi Movers Limited's financial outlook for the coming fiscal years.

Market Position and Strategy

Securing these orders from prominent IPPs underscores Sangreen Future Renewable's growing presence in the wind energy sector. It also aligns with the broader trend of increasing investments in renewable energy infrastructure across India.

Corporate Governance

Sanghvi Movers Limited has confirmed that these orders are from domestic entities and do not involve any related party transactions. This transparency in disclosure adheres to the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

The company made this announcement in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was signed by Vinav Agarwal, Company Secretary & Chief Compliance Officer of Sanghvi Movers Limited.

This development marks a significant step for Sanghvi Movers Limited and its subsidiary in the renewable energy sector, potentially strengthening their position in the wind energy infrastructure market.