StockWatch
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Construction Vehicles
Award21 Jul 2026, 11:51 am

Cranex Ltd Secures ₹16.03 Cr Orders from BHEL and NHPC

AI Summary

Cranex Limited has announced the receipt of Letters of Award (LOAs) totaling approximately ₹16.03 Crores from Bharat Heavy Electricals Limited (BHEL) and NHPC Limited. The orders are for the manufacturing and supply of various EOT Cranes and related products. The LOA from BHEL is for D/G EOT Cranes Above 100T for the Sunni Dam Hydro Electric Project, valued at ₹10.87 Crores. NHPC Limited awarded LOAs for the Upgradation and Refurbishment of EOT Cranes at the Chamera Power Station Stage-I, valued at ₹5.16 Crores. Cranex management expressed delight, highlighting the confidence reposed by these organizations and the positive contribution to the company's order book and business growth. The company has a strong track record and is an approved vendor for numerous reputed organizations.

Key Highlights

  • Cranex Ltd received LOAs worth ₹16.03 Crores from BHEL and NHPC.
  • Orders include EOT Cranes for hydro projects and refurbishment services.
  • Strengthens order book and reflects customer confidence in capabilities.
  • Expected to contribute positively to business growth and revenue visibility.