Cranex Ltd Secures Letters of Award Worth ₹16.03 Crores from BHEL and NHPC
Cranex Limited has announced that it has received multiple Letters of Award (LOAs) from two major clients, Bharat Heavy Electricals Limited (BHEL) and NHPC Limited. These orders, which aggregate to approximately ₹16.03 Crores, are for the manufacturing and supply of various Electric Overhead Traveling (EOT) Cranes and related products.The secured business strengthens the Company's order book and reflects confidence from leading organizations in Cranex Ltd's capabilities and execution strength. The company stated that it will commence the execution of these orders according to the terms stipulated in their respective LOAs.
Key Orders Received
The contracts include specialized work for both power generation and infrastructure projects. The specific details and values are as follows:| Customer | Project Description | Order Value (approx.) | Scope Details |
|---|---|---|---|
| BHEL | PEM-Sunni Dam Hydro Electric Project | ₹10.87 Crores | Letters of Award for D/G EOT Cranes Above 100T. |
| NHPC Limited | Chamera Power Station Stage-I | ₹5.16 Crores | LOA for Upgradation and Refurbishment of 02 Nos. 190/30/10 MT Electric Overhead Traveling (EOT) Cranes. |
Management Perspective
Management expressed delight over receiving the LOAs from BHEL and NHPC Limited, noting that these orders reinforce the commitment to delivering quality solutions and building long-term relationships with customers. The company highlighted that continued trust reflected through repeat business from existing clients is a testament to its reliability and execution capabilities. Cranex remains focused on expanding its capabilities, strengthening its business presence, and creating value for all stakeholders while pursuing sustainable growth.About Cranex Limited
Cranex Limited has been established since 1973 as a prominent Indian manufacturer of EOT Cranes, Gantry Cranes, and material handling equipment. With over 53 years of industry experience, the company boasts a strong reputation in the power, railway, defence, and infrastructure sectors for providing reliable and customized lifting solutions.Cranex Limited holds approvals from numerous reputed organizations, including BHEL, NTPC Limited, NHPC Limited, Indian Railways, Larsen & Toubro Limited, Hindustan Aeronautics Limited, and Nuclear Power Corporation of India Limited. These approvals validate the company's manufacturing capabilities and provide access to mission-critical projects across diverse sectors such as infrastructure, energy, defence, and aerospace. Cranex is noted as one of the few Indian crane manufacturers capable of producing cranes with lifting capacities up to 200 tonnes.
Stock Price Movement
As of 11:51, shares of Cranex Ltd are ticking up at ₹92.55, climbing nearly five percent with a gain of ₹4.40. The stock has ranged throughout the day between a low of ₹90.10 and its current high of ₹92.55.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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