Sanghvi Movers Limited announced that its material subsidiary, Sangreen Future Renewables Private Limited, has been awarded significant work orders totaling Rs 292 crore from prominent Independent Power Producers (IPPs) in India. These orders further strengthen the company’s presence in the renewable energy infrastructure sector, particularly in wind energy projects.
The awarded contracts are for Wind Balance of Plant (BOP) work, which involves comprehensive activities necessary for setting up wind farms. This includes the construction of wind turbine generator (WTG) civil foundations, internal roads, crane platforms, and the movement of WTGs from storage yards to their respective locations. Additionally, the scope covers the installation of WTGs, mechanical completion, internal 33kV line works, and the development of dedicated DP yards for each turbine.
The execution of these orders is planned to start in Q2 of FY 2025-26 and is expected to be completed by Q1 of FY 2026-27, reflecting a structured timeline for project delivery. The contracts are entirely domestic, and there are no related party interests or involvement of promoters in the entities awarding these orders.
