Rishi S of Sanghvi Movers: We are seeing demand across sectors
Sanghvi Movers is one of the largest crane rental companies in India. Speaking on the medium and heavy-duty mobile crane market in India, Rishi Sanghvi, Managing Director of Sanghvi Movers, said, “The country is witnessing a robust demand for cranes, with increasing utilisation and yield, due to ramp up in capacity addition across core sectors. With the pickup in the capex cycle, the thrust on infrastructure and core sectors, and the resilient Indian corporate houses, we see a strong demand for cranes over the next two to three years.”
He added, “In the thermal power sector, NTPC is executing several ultra mega power projects across the nation. These projects are in the 660 to 800 MW class with a total capacity addition of 9,840 MW. The cement sector is witnessing aggressive capacity addition with greenfield and brownfield expansions of 18.15 MTPA. Similarly, the steel sector is expected to add 13.5 MTPA in Kalinganagar, Bellary and Angul.”
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