Cranex Ltd Secures ₹18.52 Crore in New Orders; Total Order Book Crosses ₹100 Crores
Cranex Limited has announced that it has secured fresh orders aggregating approximately ₹18.52 Crores for the manufacturing and supply of various EOT Cranes and related products. With this recent influx of contracts, the company's total order book has crossed the significant milestone of ₹100 Crores.The newly received orders involve prestigious projects from Bharat Heavy Electricals Limited (BHEL) and Indian Railways. These deals further solidify Cranex Limited's standing as a reliable supplier offering material handling solutions for critical industrial and infrastructure initiatives across India.
Key contracts secured through these new orders include:
| Client | Project Details | Product | Order Value |
|---|---|---|---|
| BHEL | Yamuna Nagar Thermal Power Project (1x800 MW) | Two Nos. D/G EOT Cranes of 160T capacity | ₹8.14 Crores |
| BHEL | Mahagenco Koradi Thermal Power Project (2x660 MW) | Two Nos. D/G EOT Cranes of 140T capacity | ₹8.48 Crores |
| Eastern Railway | Kanchrapara Workshop | Two Nos. 5 Ton EOT Cranes | ₹0.80 Crores |
| Indian Railways (Banaras Locomotive Works, Varanasi) | - | Two Nos. 5 Ton EOT Cranes | ₹1.11 Crores |
The addition of these contracts means the company’s overall order book has surpassed the ₹100 Crore mark. Cranex Limited maintains a diverse pipeline, which includes existing orders from BEML Limited for railway projects (such as the Vande Bharat programme) and from various defence-sector organizations like Bharat Electronics Limited (BEL), Military Engineer Services (MES), Armoured Vehicles Nigam Limited (AVNL). This diversified order base demonstrates strong revenue visibility across the infrastructure, railway, power, and defence sectors.
Company Background
Established in 1973, Cranex Limited is a leading Indian manufacturer specializing in EOT Cranes, Gantry Cranes, and material handling equipment. With over 53 years of experience, the company maintains a strong reputation for delivering customized and reliable lifting solutions across heavy engineering, power, rail, defence, and infrastructure sectors.
Cranex Ltd has established itself as an approved vendor with numerous major organizations. Its long list of approvals includes Bharat Heavy Electricals Limited (BHEL), NTPC Limited, NHPC Limited, Delhi Metro Rail Corporation, Indian Railways, Hindustan Aeronautics Limited, Larsen & Toubro Limited, Indian Space Research Organisation/Vikram Sarabhai Space Centre, Vedanta Aluminium, Nuclear Power Corporation of India Limited, BEML Limited, and Military Engineer Services (MES).
As one of the few crane manufacturers in India capable of building cranes with lifting capacities up to 200 tonnes, Cranex has successfully executed projects for prominent public and private sector organizations across the country.
Stock Price Movement
As of 15:23, Cranex Ltd shares are ticking up by 4.34%, currently trading at ₹90.00. The stock moved between an intraday low of ₹83.80 and their high marked at the current price of ₹90.00.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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