SML is no longer a crane rental company, but an Engineering Solutions Partner
Sanghvi Movers Limited is the largest crane rental company in India and ranked 6th largest in the world. The company is publicly traded and commands a 50% market share in the Indian crane rental market. SML has a fleet of 450 medium to large sized heavy-duty hydraulic telescopic and crawler cranes with capacities ranging from 20-1000 MT.
Sanghvi Movers Limited is the largest crane rental company in India and ranked 6th largest in the world. The company is publicly traded and commands a 50% market share in the Indian crane rental market. SML has a fleet of 450 medium to large sized heavy-duty hydraulic telescopic and crawler cranes with capacities ranging from 20-1000 MT.
Sanghvi Movers Limited is well positioned to provide cranes to various public and private sector undertakings as well as to major sectors such as power, steel, refinery, cement, Oil and Gas, metros, railways and bridges. SML has started offering value added services such as engineering, lift planning and turnkey EPC solutions. Our customers are keen to work with a company that has a reputation for delivery, a track record of safety, and the highest quality of manpower and equipment. Over the past three decades, SML has invested more than Rs. 2,500 cr in 500+ equipment.
With the Indian Government’s major thrust on infrastructure development and renewable energy growth, SML is well positioned to meet market demand by expanding it’s fleet and adding 30 cranes in the last financial year. With the pickup in the capex cycle, the thrust on infrastructure and core sectors, there is strong demand for cranes over the next 2-3 years. In the thermal power sector, NTPC is executing several Ultra Mega Power Projects across the nation. These projects are in the 660 – 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 & Angul.
Several expansions, upgrades and new refinery & petrochemical projects are coming up in Barmer, Paradip, Vizag, Baruni, Panipat, Vadodara and Mahul with a combined new capacity of 20.6 MTPA. The rapid urban infrastructure upgradation has led to the development of metros across various cities. Moreover, the High Speed Railway presents massive opportunities for the CE rental industry. The wind sector was initially forecasted to add approximately more than 2.5 GW per year which will create a lot of demand for cranes. Various Government initiatives coupled with SML’s robust capital structure, growth investments, and digital transformation are driving the company’s future growth prospects.
Case Study
Butyl Acrylate, a key ingredient for paints, coatings, adhesives, textile chemicals, plasticizer industry, and other similar products has significant growth potential in the Indian Market. Its demand is expected to grow at ~11% in the next five years. Currently, there is no producer of Butyl Acrylate (BA) in India with the entire domestic requirement (~170 KTA in the year 2013) being met through imports. As part of integrating IOC’s Petrochemicals value chain, Indian Oil has planned to manufacture Acrylic Acid/Acrylates and Oxo alcohols near Gujarat Refinery. The project is located at IOCL owned land at Dumad next to its marketing terminal (~ 15 kms away from Gujarat Refinery).
Conceptualising to Commissioning
SML was on boarded as a turnkey solution partner in this ambitious project with a complete scope including engineering, heavy lifting, erection, commissioning, manpower supply along with tools & tackles,
Sanghvi Movers Limited has deployed its large-sized heavy-duty 600 MT Crawler Crane (CC) along with 400 MT CC, 150 MT CC and 110 MT Tyre Mounted Crane. Besides these cranes, supporting equipment like Farana (Pick & Carry) and High Bed Trailer for the installation of various equipment and structures were also deployed at site. SML provided well trained manpower to monitor the timely and safe execution of the project. The site team was supported by a robust engineering & design team from the corporate office.
Experience Pays Off
Notwithstanding SML’s detailed planning and supervision, every project faces unforeseen circumstances and challenges. In such situations, the extensive experience of SML’s team, right from operators to supervisors, from safety officers to riggers, is leveraged on site to add value and mitigate risk. SML has three decades of experience and the same is manifested through the project staff and operators. With their great precision and safety, SML executed one of the biggest and heaviest equipment erection by lifting a 425 MT Oxo-Alcohol reactor.
Key Highlights
All the major heavy lifts executed during the ongoing monsoon season without compromising safety.
SML team has used price engineering, project planning, high-quality lifting tools along with lifting beams for the successful erection and installation of various heavy equipment.
The tallest equipment of the project was a Quench Tower (54.2 metres) and the heaviest equipment of the project was a 425 MT Oxo-Alcohol reactor.
As of 1st September 2022, SML has contributed 31108 safe man hours to the project. The actual time proposed for the completion of the project was 7 months, however it may extend by 2-3 months.
SML’s business model is not just about rentals, but also focused on being an engineering solution partner. From project planning, heavy lift engineering, to designing and advising on the appropriate equipment selection for the project, SML’s customized solutions enable timely and safe project delivery for its customers.
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