Cranex Ltd Secures Major Domestic Purchase Orders Worth Over Rs. 6 Crore
Cranex Ltd announced that it has received several significant purchase orders for the manufacturing and supply of various industrial products, totaling an order value of Rs. 6,30,46,756/-.The company stated that these new orders underscore its commitment to its customers despite challenging market circumstances, including war-like situations, market fluctuations, and material availability constraints. Cranex Ltd emphasized its continued focus on maintaining strong customer relationships and operational resilience to fulfill all obligations efficiently while maintaining high standards of quality and timelines.
The acquired orders span several major domestic entities, including BHEL, Power Tech Industrial Services, VEDANTA LIMITED, and BEL Bangalore.
Major Order Details
The following table summarizes the entities awarding the orders, the nature of the products, and the corresponding financial details.| Entity Awarding Order(s) | Nature of Order | Consideration / Size (INR) | Execution Period |
|---|---|---|---|
| BHEL-Bhopal | 50/10 Ton EOT Crane | Rs. 1,73,27,592/- | 1 st November, 2026 |
| Power Tech Industrial Services | Five nos. of 5 and 10 Ton Single Girder EOT Crane | Rs. 1,01,43,634/- | 30 th May, 2026 |
| BHEL Bhopal | 10 Ton EOT Crane | Rs. 60,39,830/- | 7 th September, 2026 |
| VEDANTA LIMITED - ALUMINIUM&POWER | Supply and installation of 16 Ton Mill Hoist for 4 units in CPP | Rs. 2,93,81,998/- | 3 rd April, 2027 |
| BEL Bangalore | Replace LT Drive of 7.5 EOT crane at AFS | Rs. 47,902/- | 4 th April, 2026 |
| BEL Bangalore | Replacement of Flameproof thruster 18 kg | Rs. 1,05,800/- | 4 th April, 2026 |
The company highlighted that the contracts are standard, including terms related to quality, delivery schedule, and pricing mutually agreed upon by both parties. These transactions are identified as domestic in nature.
Stock Price Movement
As of 11:14, Cranex Ltd shares are ticking up, trading at ₹84.00, representing a 3.30% gain for the day. Throughout the morning session, the stock exhibited volatility, navigating a range between a low of ₹81.90 and a high of ₹87.99.Source:
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