Cranex Limited receives prestigious order from BHEL-BHOPAL

Cranex Limited has received a prestigious order from BHEL-BHOPAL for the manufacture and supply of a 220/80 Ton Double Girder Electric Overhead Travelling (EOT) Crane having value of approx. INR ₹ 3,65,80,000 /-.

This order represents a historic milestone for the Company, as it is the first time in the Company's 53 year history that it has secured an order for the manufacturing of a crane of such high lifting capacity. The receipt of this order demonstrates the strong confidence of customers in the Company's engineering excellence, manufacturing capabilities, and technological expertise in the heavy-duty crane segment.

This achievement further strengthens the Company's position in the high-capacity industrial crane market and marks a significant step toward expanding its presence in advanced and heavy-duty lifting solutions. The management believes that this development will contribute positively to the Company's growth trajectory and long-term value creation.

Shares of CRANEX LTD. was last trading in BSE at Rs. 63.01 as compared to the previous close of Rs. 64.31. The total number of shares traded during the day was 26215 in over 183 trades.

The stock hit an intraday high of Rs. 66.00 and intraday low of 62.05. The net turnover during the day was Rs. 1671722.00.

Source : Equity Bulls

Keywords

CRANEX INE608B01010 CommercialVehicles OrderWin BHEL