BSECompany Update2d ago · 23 Sept 2026, 12:53 pm
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith press release dated 23rd September, 2026, on the receipt of Letter of award (LOA) and Purchase Order (PO) aggregating to approximately Rs. 7.17 Crores for manufacturing and supply of various EOT Crane and related products.
Cranex Ltd · 522001
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Cranex Ltd has received a Letter of Award (LOA) and Purchase Order (PO) worth approximately Rs. 7.17 Crores from Bharat Heavy Electricals Limited (BHEL) and DEE VEE Projects Limited for manufacturing and supply of various EOT Cranes and related products.
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Cranex Ltd - 522001 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Dated: 23rd September, 2026
BSE Limited
Department of Corporate Services
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001
Through: BSE Listing Centre
Scrip Code: 522001
ISIN: INE608B01010
Dear Sir/Ma’am,
Subject: Press Release on receipt of Letter of Award (LOA) and Purchase Order (PO)
Ref: Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith Press Release dated 23rd September, 2026, on
the receipt of Letter of Award (LOA) and Purchase Order (PO) aggregating to approximately Rs.
7.17 Crores for the manufacturing and supply of various EOT Cranes and related products.
You are requested to take the same on your record.
Thanking you.
Yours faithfully,
For Cranex Limited
Heena Sharma
Company Secretary and Compliance Officer
Encl: as above
CRANEX LIMITED
PRESS RELEASE
CRANEX LIMITED RECEIVES LETTER OF AWARD (LOA) AND PURCHASE
ORDER (PO) FOR WORTH ₹7.17 CRORES;
New Delhi, 23rd September, 2026– Cranex Limited (BSE Listed Company, Scrip Id – 522001) is pleased to
announce that it has received Letter of Award (LOA) and Purchase Order from two reputed customers, namely
Bharat Heavy Electricals Limited (BHEL) and DEE VEE Projects Limited, for orders aggregating to
approximately ₹7.17 Crores.
The receipt of the LOA and PO from BHEL and DEE VEE Projects Limited marks an important milestone in the
Company’s growth journey. The orders reflect the strong confidence of reputed organizations in the Company’s
capabilities, innovative product offerings, execution expertise, and proven ability to deliver quality solutions in
line with customer requirements.
The awarded orders will further strengthen the Company’s order book and support its business growth. The
Company will proceed with the execution of the orders in accordance with the terms and conditions stipulated in
the respective LOA and PO, with a focus on timely and efficient completion of the contracted scope.
KEY ORDERS RECEIVED:
BHEL – 3X16 MW HPPCL CHANJU STAGE III HEP
Letter of Award for Double Girder EOT Crane upto 100T Package for 3X16 MW HPPCL CHANJU
STAGE III HEP.
Order Value: ₹1.33 Crores (approx.)
DEE VEE Projects Limited:
Purchase Order for 6 (Six) Nos. of Materials Handling System (Cranes, Hoist & Yoke) Supply with
Mandatory Spares & Erection & Commissioning
Order Value: ₹5.84 Crores (approx.).
MANAGEMENT COMMENTARY:
“We are pleased to announce the receipt of these orders from Bharat Heavy Electricals Limited (BHEL) and DEE
VEE Projects Limited. These order wins reflect the continued trust and confidence of our customers in our
capabilities, quality standards and execution track record. The repeat business from our existing customers is a
strong endorsement of our commitment to delivering reliable solutions and building long-term customer
relationships.
These orders further strengthen our business pipeline and reinforce our focus on expanding our market presence
and enhancing our capabilities. We remain committed to execution excellence, delivering consistent value to our
customers and pursuing sustainable growth while creating long-term value for all our stakeholders.”
ABOUT CRANEX LIMITED:
Established in 1973, Cranex Limited is a leading Indian manufacturer of EOT Cranes, Gantry Cranes, and
material handling equipment. With over 53 years of industry experience, the Company has built a strong
reputation for delivering reliable and customized lifting solutions across the power, railway, defence,
infrastructure and heavy engineering sectors.
The Company is an approved vendor with several reputed organizations, including Bharat Heavy Electricals
Limited, NTPC Limited, NHPC Limited, Delhi Metro Rail Corporation, Mumbai Metropolitan Region
Development Authority, Indian Railways, Hindustan Aeronautics Limited, Larsen & Toubro Limited, Indian
Space Research Organisation/Vikram Sarabhai Space Centre, Vedanta Aluminium, Nuclear Power
Corporation of India Limited, BEML Limited, Bharat Electronics Limited (BEL), Military Engineer Services
(MES) across India, and Armoured Vehicles Nigam Limited (formerly part of the Ordnance Factory system).
These approvals not only validate the Company's manufacturing capabilities and quality assurance systems but
also provide access to recurring procurement opportunities and participation in mission-critical projects across
infrastructure, energy, transportation, defence, aerospace, nuclear and industrial sectors, thereby supporting
sustainable business growth and long-term revenue visibility.
Cranex is among the few Indian crane manufacturers with the capability to manufacture cranes with lifting
capacities of up to 200 tonnes and has successfully executed projects for several prestigious public and
private sector organizations across India.