Cranex Limited has announced receiving a Letter of Award (LOA) for a new order. The order, for the manufacturing and supply of a 50T EOT Crane with accessories, is valued at approximately ₹1,02,15,850/-. This award comes from the North Central Railway, Jhansi, and is expected to be executed within the agreed timeline, contributing to the company’s revenue stream.
New Order Secured by Cranex Limited
Cranex Limited has been awarded a significant new order, as announced in their recent filing. The company received a Letter of Award (LOA) for the manufacturing and supply of a 50T EOT Crane, along with its concomitant accessories. This new contract is a positive development, reflecting ongoing business activities and potential revenue growth for the company.
Order Details and Value
The entity awarding this contract is the North Central Railway, Jhansi. The total value of the order aggregates to approximately ₹1,02,15,850/-. This domestic order signifies continued demand for Cranex Limited’s manufacturing capabilities in the crane sector. The company has confirmed that the products will be delivered within the agreed timeline.
Execution and Timeline
The nature of this order is a Manufacture and Supply of the specified EOT Crane. The agreed-upon time period for the execution of this contract is by 17th February, 2028. Cranex Limited has stated that this transaction does not fall within related party transactions and is conducted at arm’s length.
Source: BSE
