Sanghvi Movers

Inox Wind receives 150 MW order from NTPC Renewable Energy. Installation by April 2023.

1 Like

Should clarify that Inox Wind is a former client of Sanghvi Movers. This order doesn’t directly benefit SML. SML has had trouble collecting receivables from Inox Wind in the past and I believe they don’t do business with Inox Wind anymore.


Cyclical business, price tends to peak before peak business performance (price peak in 2010,2015, business peak in 2012,2016/17).

Last upcycle entirely driven by wind sector.

Interesting times ahead for the company given traction in capex/infra space & reducing wind exposure.


New fleet addition by Sanghvi:


Truck mounted cranes reaching height of 90m is quite impressive. The time to set up reduces and transport costs is also much lower.

There was a time when 90-100m were using Lattice Boom Tractor cranes just for the height.
Lifting Weight was only 90-100T (nacelle / blades) but these 500/600T cranes were being used.
Also, tractor cranes need a 30T crane just for assembly / dismantling and 3 Trailers to carry the parts around.

Great addition to the fleet.

India crane market size will be valued at USD 1.3 billion, growing at a compound annual growth rate (CAGR) of 5.56% by volume during 2021-2027


Clients of Sanghvi Movers

Excellent Results by Sanghvi:

1 Like

A Technical Analysis Viewpoint:

Similarity between Sanghvi and Inox wind charts, even though Inox wind is a former client. Something might be brewing in the wind energy space…

Rishi S of Sanghvi Movers. We are seeing demand
across sectors

Rishi S of Sanghvi Movers- We are seeing demand across sectors r833J.pdf (1.9 MB)


Only 1100 MW wind installations in FY 22. Incremental 500 MW since September '21. Anemic addition in wind capacity.



An update on this:

Both InoxWind and SanghviMovers have completed their right shoulder in H&S formation.


To consider Dividend for the 1st time since 2017…


Investor Presentation:

A Techinical analysis perspective:

Daily and weekly chart:

Views from some technical analysts here would help. @hitesh2710 @StageInvesting


Sanghvi Movers had formed a H & S . But H & S fails if the prices close above right shoulder , then H & S is considered to be failed.Other confiemation would be when it closes above 61.8% of recent decline (226) and final conformation would be when it crosses its ATH. Failed patternes are bigger signs of a good move in opposite direction. Let’s keep wait and watch. We’re in a bear market, don’t hurry .Better to be on sidelines and if one misses one or two good upmoves, no need to worry. It is like getting into a burning house to get your mobile-charger .

1 Like

Continuing from my last post on Technical Analysis Viewpoint of Sanghvi: HnS reversal seems to be done above the pink line. The pattern leads to a target of 300+.

More can be read of this pattern here: HEAD & SHOULDER FAILURE | Tech Charts

Sanghvi involved in this project: (yellow highlight - 2nd picture)

327 MW Wind farm,Pritamnagar Site,MP.
Softbank Energy during the auction of wind projects by Solar Energy Corporation of India in 2020 had won the order who in turn awarded it GE, Adani helped in erection of towers
121/121 set was installed yesterday.

  • Rajendra singh Shekhawat

800T cranes delivered:

Sanghvi Cranes involved in JSW Projects: JSW Energy installed their first 130m wind turbine at Tuticorin.

JSW getting more projects onboard:

1 Like
1 Like

This seems like a BIG positive development.

Wind Projects Commissioning May Surge Fourfold If Reverse Auctions Go:

1 Like

Strong commentary and results posted by Suzlon, Sanghvi’s Top Client in Wind space:

Good chunk of this should flow to Sanghvi for erection of Wtg

1 Like

312 MW commissioned in August 2022.

Cumulative figure April-July 2022 was 535 MW.

Strong commissioning in H1 FY23


461.5 MW installed in September. Cumulative figure April-September 2022 1308.5 MW