Gujarat Apollo Industries Forays into Crane Manufacturing; Dispatches First Pick & Carry Unit

Material handling and equipment manufacturer Gujarat Apollo Industries Limited (BSE: 522217 | NSE: GUJAPOLLO) has officially announced an expansion of its business portfolio with its entry into the manufacturing and sales of Pick and Carry Cranes.

Strategic Foray & Initial Milestones

Debut Unit Dispatched

The company successfully manufactured, sold, and dispatched its first Pick and Carry Crane during July 2026.

This milestone marks Gujarat Apollo's formal entry into the specialized crane market, aimed at strengthening its presence within the broader material handling domain.

Scaling & Production Target

Gujarat Apollo plans to expand its manufacturing footprint to achieve a production capacity of 200 cranes per year over the next two years.

The management emphasized its commitment to ensuring a seamless market entry and establishing a footprint in the specialized equipment market.

Industry & Segment: Material Handling Equipment

Primary Expected Benefit: Revenue growth through portfolio diversification

Estimated Investment: Approximately ₹9 Crore toward working capital requirements over the next two years

This business expansion leverages Gujarat Apollo's existing engineering and manufacturing capabilities, positioning the company to capture rising demand across construction, logistics, and industrial material handling operations.

Shares of Gujarat Apollo Industries Limited was last trading in BSE at Rs. 345.85 as compared to the previous close of Rs. 340.25. The total number of shares traded during the day was 37 in over 2 trades.

The stock hit an intraday high of Rs. 345.85 and intraday low of 345.85. The net turnover during the day was Rs. 12796.00.

Source : Equity Bulls

Keywords

GujaratApolloIndustries INE826C01016 CommercialVehicles CraneManufacturing