Cranex wins Rs 18.5 Cr orders; total order book crosses Rs 100 Cr

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+21.2%1-day move

₹75.01

prior close

₹80.00

base price

After-mkt

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AI summary

Cranex received fresh orders worth about Rs 18.52 Crores for manufacturing and supplying EOT Cranes. Major orders include Rs 8.14 Cr from BHEL Yamuna Nagar and Rs 8.48 Cr from BHEL Mahagenco Koradi for heavy-duty cranes above 100T, plus orders worth Rs 80 lakh from Eastern Railway Kanchrapara and Rs 1.11 Cr from Indian Railways Varanasi. Total order book has crossed Rs 100 Crores. Existing book includes BEML orders for Vande Bharat programme and defence sector projects. All orders are domestic, to be delivered between March 2027 and August 2027.

Likely market impact

Positive - strong order inflows from reputed public sector clients like BHEL and Indian Railways; order book crossing Rs 100 Cr signals solid revenue visibility ahead.