BSECompany Update1d ago · 21 Jul 2026, 11:50 am

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith Press Release dated 21st July, 2026, on the receipt of Letters of Award (LOAs) aggregating ....

Cranex Ltd · 522001

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Cranex Ltd has received Letters of Award (LOAs) aggregating to approximately Rs. 16.03 Crores for the manufacturing and supply of various EOT Cranes and related products from Bharat Heavy Electricals Limited (BHEL) and NHPC Limited.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10

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Cranex Ltd - 522001 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Dated: 21st July, 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 Letters of Award (LOAs) 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 21st July, 2026, on the receipt of Letters of Award (LOAs) aggregating to approximately Rs. 16.03 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) FOR ORDERS WORTH ₹16.03 CRORES; New Delhi, 21st July, 2026– Cranex Limited (BSE Listed Company, Scrip Id – 522001) is pleased to announce that it has received Letters of Award (LOAs) from two reputed customers, namely Bharat Heavy Electricals Limited (BHEL) and NHPC Limited, for orders aggregating to approximately ₹16.03 Crores. The LOAs received from BHEL and NHPC Limited are a significant achievement for the Company and reflect the confidence reposed by leading organizations in the Company’s capabilities, products and execution strength. The awarded orders will further strengthen the Company’s order book and are expected to contribute positively towards its business growth. The Company will initiate the execution of these orders in accordance with the terms and conditions specified in the respective LOAs. KEY ORDERS RECEIVED: BHEL – PEM-SUNNI DAM HYDRO ELECTRIC PROJECT  Letters of Award for D/G EOT Cranes Above 100T for the Sunni Dam Hydro Electric Project.  Order Value: ₹10.87 Crores (approx.). NHPC LIMITED – CHAMERA POWER STATION STAGE-I  Letters of Award for Upgradation and Refurbishment of 02 Nos. 190/30/10 MT Electric Overhead Traveling (EOT) Cranes of CPS-1 for the Chamera Power Station Stage-I.  Order Value: ₹5.16 Crores (approx.). MANAGEMENT COMMENTARY: "We are delighted to receive these Letters of Award from Bharat Heavy Electricals Limited (BHEL) and NHPC Limited. These orders reinforce our commitment to delivering quality solutions and building long-term relationships with our esteemed customers. The continued trust and confidence reflected through repeat business from our existing customers is a testament to our quality, reliability and execution capabilities. We remain focused on strengthening our business presence, expanding our capabilities and consistently delivering value to our customers. These achievements further motivate us to pursue sustainable growth and create 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.