Gujarat Apollo Industries Ltd Commences Entry into Pick and Carry Crane Manufacturing
Gujarat Apollo Industries Limited has announced a significant expansion of its business portfolio, marking the commencement of manufacturing and sales in the specialized area of Pick and Carry Cranes. This move establishes the company's presence within the material handling equipment sector.The company successfully dispatched its first Pick and Carry Crane during July 2026, officially commencing its foray into the cranes business. Management stated a commitment to achieving a seamless market entry and building a strong footing in this specialized industrial domain.
Looking ahead, Gujarat Apollo Industries plans to scale up operations. The manufacturing capacity is targeted for expansion to 200 cranes per year over the next two years. This diversification is anticipated to contribute positively to revenue growth across the organization.
Key operational details related to the new line of business include:
| Particulars | Details Provided by Management |
|---|---|
| Industry/Area | Material handling equipment |
| Expected Benefits | Revenue growth |
| Estimated Investment | Working Capital Requirement of Approx. 9 Crore in upcoming two years |
GUJAPOLLO Stock Price Movement
On Friday, shares of Gujarat Apollo Industries Limited edged higher to settle at ₹344.35, gaining 0.57% in the session. The stock traded a total volume of 4,860 shares during the close.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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