Gujarat Apollo Industries Enters Pick and Carry Crane Business

Gujarat Apollo Industries Limited has announced its entry into the manufacturing and sales of Pick and Carry Cranes. The company dispatched its first crane in July 2026 and plans to expand its manufacturing capacity to 200 cranes per year within the next two years. This strategic move into the material handling equipment sector is expected to drive revenue growth. The company has allocated approximately ₹9 Crore for working capital requirements over the next two years to support this expansion.