Cranex Ltd Secures Domestic Order Worth Rs 10,87,02,270 for Supplying D/G EOT Cranes
Cranex Ltd has received a Letter of Award (LOA) for a significant new order valued at approximately Rs 10,87,02,270/-. The contract involves the manufacture and supply of D/G EOT CRANES above 100T to BHEL PEM -SUNNI DAM HYDRO ELECTRIC PROJECT.The award marks a domestic contract in which Cranex Ltd is set to deliver the specialized cranes within an agreed timeline.
The key details of the order awarded by BHEL PEM are summarized below:
| Detail | Specification |
|---|---|
| Awarding Entity | BHEL PEM -SUNNI DAM HYDRO ELECTRIC PROJECT |
| Nature of Order | Manufacture and Supply of D/G EOT CRANES ABOVE 100T |
| Value of Contract | Rs 10,87,02,270/- |
| Client Type | Domestic |
| Delivery Period | By April 12, 2027 |
The contract terms confirm that the order is domestic and falls within the manufacture and supply category for D/G EOT CRANES above 100T. The company confirmed that the awarding entity has no interest of the promoter or promoter group, nor would the transaction fall under related party transactions.
Stock Price Movement
Cranex Ltd saw its stock settle at ₹84.30 by the close of trading on Friday, registering a 2.54% decline. The shares throughout the session fluctuated within an intraday range stretching from a low of ₹82.40 to a high of ₹90.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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