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It also covers inter-carting of WTGs from storage yards to their respective locations, installation of WTGs, mechanical completion, pre-commissioning activities, internal 33 kV line works, development of DP yards for the WTGs, and obtaining permits and approvals necessary for project commissioning.
The contract involves a total capacity of 270.6 MW. The project is scheduled to commence in the third quarter of FY 2025–26 and is expected to be completed by the first quarter of FY 2027–28.
The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority, and the transaction does not qualify as a related-party transaction under applicable regulatory norms.
Sanghvi Movers provides medium- to heavy-duty cranes on a rental basis to various private and public sector undertakings.
The company reported a 24.6% rise in consolidated net profit to Rs 36.27 crore, on an 34.4% increase in revenue from operations to Rs 209.90 crore in Q2 FY26 over Q2 FY25.
The counter jumped 5.20% to Rs 347.05 on the BSE.