
Business Update23 Jun 2026, 03:22 pm
Cranex Ltd Secures ₹18.52 Cr in New Orders
AI Summary
Cranex Limited announced on June 23, 2026, the receipt of fresh orders totaling approximately ₹18.52 crores for manufacturing and supplying EOT Cranes and related products. Key orders include contracts from Bharat Heavy Electricals Limited (BHEL) for thermal power projects and from Indian Railways. These new orders push the company's total order book past the ₹100 crore milestone. The company highlighted existing orders from BEML and defense sector organizations, indicating strong revenue visibility across infrastructure, railway, power, and defense sectors. Management expressed delight and confidence in the company's capabilities.
Key Highlights
- Secured new orders worth ₹18.52 crores for EOT Cranes.
- Order book surpasses ₹100 crores milestone.
- Includes prestigious contracts from BHEL and Indian Railways.
- Diversified order pipeline across key sectors.
Price Impact
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