StockWatch
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Construction Vehicles
Award19 Aug 2026, 03:01 pm

Cranex Ltd Secures ₹1.02 Cr Order from North Central Railway

AI Summary

Cranex Ltd has announced receiving a Letter of Award (LOA) from North Central Railway, Jhansi, for the manufacturing and supply of a 50T EOT Crane with accessories. The order is valued at approximately ₹1,02,15,850/- and is expected to be executed within the agreed timeline, with a delivery set for February 17, 2028. This contract falls under the 'Manufacture and Supply' nature and is considered a domestic order. The company has confirmed that promoters or their group entities do not have any interest in the awarding entity, and the transaction is not a related party transaction.

Key Highlights

  • Received LOA for 50T EOT Crane from North Central Railway.
  • Order value stands at approximately ₹1,02,15,850.
  • Execution timeline extends to February 17, 2028.
  • No promoter interest in the awarding entity.
  • Transaction is not a related party deal.