Sanghvi Movers Limited has informed the Exchange about receipt of work order.
SANGHVIMOV · price
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Sanghvi Movers Limited has received a work order valued at Rs. 49.50 Crores from Deepak Fertilisers and Petrochemicals Corporation Limited under its Project EPC Business Vertical. The scope covers project management, engineering, structural erection, piping, and equipment erection (heavy lifting). The contract runs for 8 months from May 2025 to January 2026. The order has been awarded by a domestic entity, is not a related-party transaction, and promoter group companies have no interest in the awarding entity.
This is a positive development as it adds Rs. 49.50 Crores to the order book and supports revenue visibility over the next 8 months. Investors may view this as a healthy addition to the company's project pipeline, though the impact on the stock will depend on how significant this is relative to the company's overall revenue.