Sanghvi Movers shares up, 2765% in 4 years

20 April 2024, New Delhi | The Rental Time Staff

According to media reports, the shares of Sanghvi Movers, a leading crane rental company, have climbed from Rs 46.15 to Rs 1323 over the last 4 years. It gained 2765 percent. Sanghvi Movers is the largest crane rental company in India and Asia and is ranked the sixth largest in the world.

The crane rental market in India is currently lifted up due to government’s focus on infrastructure development especially expansion of highways, railways, airports, metro projects, bullet train projects, and other key infrastructure projects.  In the recent interim budget (2024-2025), the government also increased the capital outlay for infrastructure by 11.1 percent to ₹11,11,111 crore, equivalent to 3.4% of GDP.

In March this year, Sanghvi Movers Ltd established a wholly-owned subsidiary called Sangreen Renewables, specializing in the wind and solar power sector, offering comprehensive turnkey services to independent power producers, covering everything from conceptualization to the commissioning of wind turbine generators.
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