Cranex Limited has announced the receipt of major purchase orders worth Rs. 5,88,32,115 from multiple customers for manufacturing and supply of various EOT (Electric Overhead Traveling) cranes. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the company's strong order book position in the material handling equipment sector.

Order Portfolio Overview

The company has secured five significant contracts from domestic customers, demonstrating robust demand across government and private sector clients. All orders are for domestic supply and involve no related party transactions, ensuring arm's length commercial arrangements.

Delivery Timeline and Execution

The orders feature staggered delivery schedules designed to optimize manufacturing capacity and ensure timely execution. The earliest delivery deadline is 30th May, 2026, for orders from HYT Engineer Company and Godawari Power & Ispat Ltd.

Product Specifications and Applications

The order portfolio encompasses a diverse range of crane capacities and configurations, reflecting Cranex Limited's capability to serve varied industrial requirements. The products range from 5-ton single girder cranes for lighter applications to heavy-duty 32-ton double girder systems for industrial operations.

The largest single order from HYT Engineer Company involves nine units of 5T x 7.3 meter span single girder EOT cranes, indicating potential deployment across multiple facility locations. Meanwhile, the Ordnance Factory Medak order for 32/10T double girder cranes suggests heavy-duty industrial applications requiring substantial lifting capacity.

Regulatory Compliance and Corporate Governance

The disclosure demonstrates Cranex Limited's adherence to regulatory requirements under SEBI guidelines. Company Secretary and Compliance Officer Heena Sharma signed the disclosure dated 17th March, 2026, ensuring proper corporate governance protocols.

All contracts include standard terms related to quality specifications, delivery schedules, and pricing arrangements mutually agreed upon by both parties. The company confirmed that none of the orders involve promoter group interests or related party transactions, maintaining transparency in business operations.

Cranex has announced a historic business milestone with the securing of a ₹3.66 crore order from BHEL-Bhopal for a 220/80 ton double girder EOT (Electric Overhead Traveling) crane. This significant contract represents a breakthrough moment for the company, marking its first high capacity crane order in over five decades.

Order Details and Specifications

The contract involves the supply of a specialized 220/80 ton double girder EOT crane to BHEL-Bhopal, one of India's leading heavy engineering companies. The updated order value of ₹3.66 crore reflects the substantial nature of this business win for Cranex.

Strategic Significance and Historic Milestone

This order holds particular significance as it represents Cranex's first high capacity crane order in 53 years of operations. The milestone achievement demonstrates the company's capability to secure substantial contracts in the heavy engineering sector and marks a notable expansion in their business portfolio.

According to the company's regulatory filing under SEBI Regulation 30, this achievement demonstrates strong confidence of customers in the company's engineering excellence, manufacturing capabilities, and technological expertise in the heavy-duty crane segment.

Regulatory Compliance and Disclosure

The company has made the announcement pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order includes standard terms related to quality, delivery schedule, and pricing as mutually agreed by both parties.

Market Position and Future Outlook

This development strengthens Cranex's position in the high-capacity industrial crane market and marks a significant step toward expanding its presence in advanced and heavy-duty lifting solutions. The management believes this development will contribute positively to the company's growth trajectory and long-term value creation.

The successful securing of this order from BHEL-Bhopal positions Cranex for significant revenue recognition and establishes a foundation for potential future collaborations with major industrial clients in the heavy engineering sector.