<h1>Cranex Ltd Wins Contract from NHPC for Cranes Upgradation and Refurbishment</h1>
Cranex Ltd has secured a significant contract, receiving a Letter of Award (LOA) from NHPC Limited (Chamera Power Station Stage-I). The order pertains to the upgradation and refurbishment of electric overhead traveling (EOT) cranes at CPS-1.
The agreement involves the refurbishment of two 190/30/10 MT Electric Overhead Traveling (EOT) Cranes at NHPC Limited's facility. The total value of the contract is approximately Rs. 5,16,40,000/-.
This domestic order falls under the scope of upgrading critical infrastructure at the power station. According to the contract details, the execution period for the work has been set until January 14, 2027.
Key details regarding the contract between Cranex Ltd and NHPC Limited are summarized below:
| Contract Element | Details |
|---|---|
| Awarding Entity | NHPC LIMITED CHAMERA POWER STATION STAGE-I |
| Scope of Work | Upgradation and Refurbishment of 02 Nos. 190/30/10 MT Electric Overhead Traveling (EOT) Cranes of CPS-1 |
| Order Value | Rs. 5,16,40,000/- |
| Nature of Order | Domestic |
| Execution Deadline | January 14, 2027 |
The contract confirms that the awarding entity is domestic and neither the order nor the scope falls under related party transactions.
Stock Price Movement
Cranex Ltd settled at ₹87.00 in post-market trading today, edging higher after the shares ticked up 3.20%. The stock saw a tight intraday range, hitting a low of ₹87.00 before eventually peaking during the session at ₹88.50.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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