Sanghvi Movers receives major order in excess of Rs20cr; Stock sheds 2%

The duration of this contract is between 4-8 months with further possible extensions.

Jul 08, 2021 12:07 IST India Infoline News Service

Sanghvi Movers
Sanghvi Movers Limited has informed that it has received the single largest order in excess of Rs20cr from one of its reputed clients for deployment of various heavy duty cranes upto 800 metric tons.

The duration of this contract is between 4-8 months with further possible extensions.

Further, these cranes would be deployed in one of the core sectors that the company caters to and will be used for capacity expansion.

At around 12:30 PM, Sanghvi Movers was trading at Rs215 apiece down by Rs3.95 or 1.8% from its previous closing of Rs218.95 apiece on the BSE.

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