Subsidiary Sangreen wins Rs 428.72 Cr wind EPC orders from IPPs

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

SANGHVIMOV · price

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Price reactionminutes from the announcement price · days from the prior close

+5.8%Reaction day

₹345.30

prior close

₹370.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+5.8% vs market

Diversified Commercial Services peers, median of 68sector+0.0%+5.8% vs sector

On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 5.8 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+2.3-0.5+2.7+0.0+2.3

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-0.1-1.8+1.6-2.0+1.9

+0.1-1.8+1.9-2.4+2.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sangreen Future Renewables, material subsidiary of Sanghvi Movers, has secured work orders worth Rs 428.72 Crores from leading Independent Power Producers. The contract covers a 270.6 MW wind power balance of plant EPC project, including civil foundations, pathways, crane platforms, wind turbine installation, and electrical works. Execution begins Q3 FY26 and ends by Q1 FY27-28. Orders are from domestic IPPs with no related party interest. A sizeable order win for the group.

Likely market impact

Large order worth about half of parent annual revenue, boosting revenue visibility from FY26 through FY28.