22-05-2025
Sanghvi Movers secures Rs 49.5 crore project from Deepak Fertilisers
By Aditya Bhagchandani Published on May 22, 2025, 13:39 IST
Sanghvi Movers Ltd announced on Thursday that it has bagged a major work order worth Rs 49.50 crore from Deepak Fertilisers and Petrochemicals Corporation Ltd. The contract has been awarded under the company's Project EPC Business Vertical.
According to the stock exchange filing, the scope of work includes project management and engineering, along with structural erection, piping, and heavy equipment erection. The duration of the contract is eight months, scheduled to commence in May 2025 and conclude by January 2026.
This is a domestic order and does not fall under related party transactions. Sanghvi Movers clarified that its promoters or promoter group have no interest in Deepak Fertilisers, the awarding entity.
The company stated the deal reinforces its positioning in the project EPC space, particularly in structural and heavy lifting works for industrial clients.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
