Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant amendment thereto from time to time , we would like to inform that ....
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Cranex Ltd has received purchase orders totaling approximately Rs. 20.16 crore from multiple domestic clients for manufacturing and supply of cranes and related equipment. The largest single order is from BHEL Noida worth Rs. 13.48 crore for 125/25T and 25T EOT Cranes. Other orders include a Rs. 2.82 crore order from Patiala Locomotive Works for 65T EOT Cranes, Rs. 2.15 crore from South Eastern Railway for a 15-ton Goliath Crane, Rs. 99.83 lakh from BHEL Jhansi for a 150T Lifting Platform, Rs. 43.26 lakh from Southern Railway for a 10T EOT Crane, and Rs. 27.14 lakh from N.W. Railway Ajmer for Automatic Turn Tables. All orders are domestic, with delivery timelines spread between July 2025 and July 2026. None of the orders involve related party transactions.
This is a positive development as the Rs. 20+ crore order book comes entirely from reputed government entities (Indian Railways divisions and BHEL), providing strong revenue visibility over the next 12-14 months and reinforcing the company's position in the heavy engineering/cranes segment. The mix of large and mid-sized orders from multiple PSU clients reduces concentration risk.