Cranex Limited submitted a regulatory disclosure to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing receipt of Letters of Award (LOAs) totaling approximately ₹16.03 Crores.

The orders were received from two customers:

  • Bharat Heavy Electricals Limited (BHEL): Order value of ₹10.87 Crores for D/G EOT Cranes Above 100T for the Sunni Dam Hydro Electric Project
  • NHPC Limited: Order value of ₹5.16 Crores for Upgradation and Refurbishment of 02 Nos. 190/30/10 MT Electric Overhead Traveling (EOT) Cranes of CPS-1 for the Chamera Power Station Stage-I

The company stated that these LOAs represent a significant achievement and reflect customer confidence in the company's capabilities, products, and execution strength. The orders are expected to strengthen the company's order book and contribute positively toward business growth. Execution will commence in accordance with the terms and conditions specified in the respective LOAs.

Management Commentary

The management expressed delight at receiving the awards, stating they reinforce the company's commitment to delivering quality solutions and building long-term customer relationships. They noted that repeat business from existing customers demonstrates the company's quality, reliability, and execution capabilities. The company remains focused on strengthening business presence, expanding capabilities, and delivering value to customers while pursuing sustainable growth and creating long-term stakeholder value.

Company Background

Cranex Limited, established in 1973, is a leading Indian manufacturer of EOT Cranes, Gantry Cranes, and material handling equipment with over 53 years of industry experience. The company has capability to manufacture cranes with lifting capacities up to 200 tonnes and is an approved vendor with several reputed organizations including Bharat Heavy Electricals Limited, NTPC Limited, NHPC Limited, Delhi Metro Rail Corporation, Indian Railways, Hindustan Aeronautics Limited, Larsen & Toubro Limited, Indian Space Research Organisation, and others across power, railway, defence, infrastructure and heavy engineering sectors.