Cranex Limited has made a regulatory disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13-Jul-2023.
The company has received a Letter of Award (LOA) for a new order with an aggregate value of approximately ₹10,87,02,270 (₹108.70 crore) for the manufacturing and supply of D/G EOT CRANES above 100T capacity.
Order Details from Annexure 1:
- Awarding Entity: BHEL PEM - Sunni Dam Hydro Electric Project
- Order Value: ₹10,87,02,270/-
- Nature of Contract: Manufacture and Supply of D/G EOT CRANES ABOVE 100T
- Execution Timeline: Products to be delivered by 12th April, 2027
- Geographic Scope: Domestic order
- Significant Terms: Products will be delivered within the agreed timeline
- Related Party Status: No - Promoter/promoter group/group companies have no interest in the entity awarding the order
- Related Party Transaction: No - The order does not fall within related party transactions
The disclosure confirms that the order is not a related party transaction and is conducted at arm's length. The company has provided the required details as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155.