Cranex Ltd receives LOA for orders worth Rs. 16.03 crores

Cranex Limited (BSE Listed Company, Scrip Id - 522001) has received Letters of Award (LOAs) from two reputed customers, namely Bharat Heavy Electricals Limited (BHEL) and NHPC Limited, for orders aggregating to approximately ₹16.03 Crores.

The LOAs received from BHEL and NHPC Limited are a significant achievement for the Company and reflect the confidence reposed by leading organizations in the Company's capabilities, products and execution strength.

The awarded orders will further strengthen the Company's order book and are expected to contribute positively towards its business growth. The Company will initiate the execution of these orders in accordance with the terms and conditions specified in the respective LOAs.

KEY ORDERS RECEIVED:

BHEL - PEM-SUNNI DAM HYDRO ELECTRIC PROJECT

- Letters of Award for D/G EOT Cranes Above 100T for the Sunni Dam Hydro Electric Project.
- Order Value: ₹10.87 Crores (approx.).

NHPC LIMITED - CHAMERA POWER STATION STAGE-I

- Letters of Award 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.

- Order Value: ₹5.16 Crores (approx.).

"We are delighted to receive these Letters of Award from Bharat Heavy Electricals Limited (BHEL) and NHPC Limited. These orders reinforce our commitment to delivering quality solutions and building long-term relationships with our esteemed customers. The continued trust and confidence reflected through repeat business from our existing customers is a testament to our quality, reliability and execution capabilities.

We remain focused on strengthening our business presence, expanding our capabilities and consistently delivering value to our customers. These achievements further motivate us to pursue sustainable growth and create long-term value for all our stakeholders."

Shares of CRANEX LTD. was last trading in BSE at Rs. 88.15 as compared to the previous close of Rs. 84.30. The total number of shares traded during the day was 5344 in over 44 trades.

The stock hit an intraday high of Rs. 88.50 and intraday low of 87.00. The net turnover during the day was Rs. 472185.00.

Source : Equity Bulls

Keywords

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