Cranex Gets ₹1.02 Crore Railway Order; Shares Slip 0.3%

Meta Description: Mumbai August, 19: Cranex Limited has received a Letter of Award from North Central Railway, Jhansi, for the manufacture and supply of a 50-tonne Electric Overhead Travelling (EOT) crane with associated accessories.

According to the company’s exchange disclosure, the order is valued at approximately ₹1.02 crore. The products are to be delivered within the agreed timeline, with the execution deadline set for February 17, 2028.

The contract is a domestic order and relates to the manufacture and supply of the 50T EOT crane along with its accompanying accessories. Cranex said the order does not involve any interest from its promoter or promoter group in the awarding entity.

The company also confirmed that the contract does not fall under related-party transactions.

Stock Market Snapshot

The Cranex share price remained under pressure during Wednesday’s session despite the railway order announcement.

At close, Cranex shares were at ₹88.50, down 0.3%. The stock moved sharply during the session, trading around ₹89 in the opening phase before slipping to ₹87 and later recovering towards ₹88.50. The stock remained below its earlier session levels for most of the afternoon.

The market movement was therefore muted to negative even as the company added another railway order to its order pipeline.

Railway Orders Add To Cranex’s EOT Crane Business

The latest order adds to Cranex’s recent flow of contracts from public-sector and railway customers. The company manufactures and supplies EOT cranes and related equipment for industrial and infrastructure applications.

Recent disclosures have included orders involving Indian Railways and other large public-sector customers, alongside contracts from power-sector companies. These wins have helped broaden Cranex’s order pipeline across railways, power and industrial projects.

The North Central Railway contract is specifically for a higher-capacity 50T EOT crane, with delivery scheduled well into the company’s forward execution pipeline.

Conclusion

Cranex has secured a ₹1.02 crore Letter of Award from North Central Railway, Jhansi, for manufacturing and supplying a 50T EOT crane with related accessories.

The order is scheduled for execution by February 17, 2028, adding another railway contract to Cranex’s growing EOT crane business.

Shares, however, were under pressure, with Cranex trading at ₹88.50 as of 3:11 PM IST on August 19, 2026.

Source:

• https://www.bseindia.com/stock-share-price/cranex-ltd/cranex/522001
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/372b4ea7-ee2e-40ab-b7ac-83471afb3384.pdf