Crown Lifters Limited has informed the Exchange about Capacity addition
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Awaiting price reaction for this filing.
Crown Lifters Limited has placed an order to buy three new cranes — a 160 MT tire-mounted crane, a 110 MT tire-mounted crane, and a 90 MT crawler-mounted crane. The total purchase value is approximately ₹6.49 crores, with deliveries expected between April and May 2025. The two tire-mounted cranes have been secured under a long-term contract for a refinery project, while the crawler crane will be used for the company's own in-house yard requirements. The company stated this move is aimed at strengthening operational capabilities across crane categories and supporting future project needs.
This is a modest capital expenditure aimed at expanding the company's fleet to win and execute more projects, including a confirmed refinery contract, which could support future revenue growth. The size of the spend is relatively small, so near-term impact on the stock is likely limited.