Crown Lifters Limited has informed the Exchange about Acquisition of 800 MT Crawler Crane
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Crown Lifters Limited has completed the acquisition of an 800 MT crawler crane in March 2026, which has already been deployed at a project site. The acquisition is valued at around ₹18 crore and is part of the company's total capex of approximately ₹50 crore for FY 2025-26. This is the same crane whose proposed acquisition was announced via press release on 12th February 2026. The new crane will boost the company's ability to take on complex projects in renewable energy, refineries, cement, steel, and infrastructure sectors including high-speed rail projects.
The ₹18 crore acquisition strengthens Crown Lifters' fleet and project execution capabilities, potentially supporting revenue growth in high-value sectors. For shareholders, this signals the company is actively investing in capacity expansion, though it also means higher capex and depreciation in the near term.