Cranex Ltd order book crosses Rs. 100 crores

Cranex Limited (BSE Listed Company, Scrip Id - 522001) has secured fresh orders aggregating to ₹18.52 Crores (approx.) for the manufacturing and supply of various EOT Cranes and related products.

The newly received orders include prestigious contracts from Bharat Heavy Electricals Limited (BHEL) and Indian Railways for workshop infrastructure projects. These orders further strengthen the Company's position as a trusted supplier of material handling solutions for critical industrial and infrastructure projects.

KEY ORDERS RECEIVED:

BHEL - Yamuna Nagar Thermal Power Project

- Purchase Order for Two Nos. of D/G EOT Cranes of 160T capacity for the 1x800 MW Yamuna Nagar Thermal Power Project.

- Order Value: ₹8.14 Crores (approx.).

BHEL - Mahagenco Koradi Power Project

- Purchase Order for Two Nos. of D/G EOT Cranes of 140T capacity for the 2x660 MW Mahagenco Koradi Thermal Power Project.

- Order Value: ₹8.48 Crores (approx.).

Eastern Railway - Kanchrapara Workshop

- Purchase Order for Two Nos. of 5 Ton EOT Cranes.

- Order Value: ₹0.80 Crores (approx.).

Indian Railways (Banaras Locomotive Works, Varanasi)

- Purchase Order for Two Nos. of 5 Ton EOT Cranes.

- Order Value: ₹1.11 Crores (approx.).

ORDER BOOK CROSSES ₹100 CRORES

With the addition of these new orders, the Company's total order book has crossed the significant milestone of ₹100 Crores.

The Company's existing order book also includes orders from BEML Limited for railway projects, including the Vande Bharat programme and from leading defence-sector organizations such as Bharat Electronics Limited (BEL), Military Engineer Services (MES) across India, Armoured Vehicles Nigam Limited (AVNL), etc. This diversified order pipeline provides strong revenue visibility and reflects the Company's growing presence across the infrastructure, railway, power and defence sectors.

Management Commentary - "We are delighted to secure these orders from esteemed organizations such as BHEL and Indian Railways. The achievement of crossing the ₹100 Crore order book milestone reflects the confidence that leading public sector and infrastructure organizations place in our engineering capabilities, product quality and execution excellence. We remain committed to timely delivery and creating long-term value for our customers and stakeholders."

Shares of CRANEX LTD. was last trading in BSE at Rs. 86.26 as compared to the previous close of Rs. 75.50. The total number of shares traded during the day was 34243 in over 394 trades.

The stock hit an intraday high of Rs. 89.55 and intraday low of 78.00. The net turnover during the day was Rs. 2844321.00.

Source : Equity Bulls

Keywords

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