Cranex Secures ₹7.18 Crore Orders From BHEL, DEE VEE Projects; Shares At ₹75.98

Mumbai, September 22: Cranex has received two new domestic orders aggregating approximately ₹7.18 crore for the manufacture and supply of cranes and material-handling systems from BHEL Chanjugi and DEE VEE Projects Limited.

Cranex Receives Two New Domestic Orders

According to the exchange filing, Cranex has received a Letter of Award from BHEL Chanjugi for the manufacture and supply of Double Girder EOT Cranes with capacity up to 100 tonnes for the 3×16 MW HPPCL Chanjju Stage III HEP.

The BHEL order is valued at ₹1.33 crore. The products are scheduled to be delivered by February 14, 2027.

Cranex has also received a Purchase Order from DEE VEE Projects for six material-handling systems, comprising cranes, hoists and yokes, along with mandatory spares and erection and commissioning services. This order is valued at ₹5.84 crore and is scheduled for execution by May 17, 2027.

Stock Market Snapshot

Cranex shares were trading at ₹75.98 as of 3:14 PM IST on September 22, 2026, according to the market data shown.

The stock moved within a broad range during the session, with the price fluctuating between the ₹74 and ₹77 levels before reaching ₹75.98 at the latest quoted time.

The Cranex share price was therefore at ₹75.98 as the company disclosed the two new orders, although the provided market data does not show a percentage change for the session.

BHEL Order Covers 100-Tonne EOT Cranes

The order from BHEL Chanjugi covers Double Girder Electric Overhead Travelling (EOT) Cranes with capacity of up to 100 tonnes.

The equipment is intended for the 3×16 MW HPPCL Chanjju Stage III Hydroelectric Power Project. Cranex is responsible for manufacturing and supplying the cranes under the Letter of Award.

The order is a domestic contract and has no promoter or promoter group interest in the awarding entity, according to the regulatory disclosure.

DEE VEE Projects Places ₹5.84 Crore Material-Handling Order

The second order from DEE VEE Projects involves six material-handling systems, including cranes, hoists and yokes. The scope also includes mandatory spares, erection and commissioning.

The order has a value of ₹5.84 crore, with execution scheduled by May 17, 2027. Cranex said the products and related services will be delivered within the agreed timeline.

The two contracts together have a disclosed value of approximately ₹7.18 crore. Both orders are from domestic entities and neither falls under a related-party transaction, as stated in the filing.

Cranex Expands Order Book In Material Handling

Cranex manufactures and supplies lifting and material-handling equipment, including cranes and associated systems for industrial applications.

The latest contracts add both equipment manufacturing and installation-related work to the company’s order pipeline. The BHEL assignment is linked to a hydroelectric power project, while the DEE VEE Projects order covers a broader material-handling system requirement.

Conclusion

Cranex has secured two domestic orders worth a combined approximately ₹7.18 crore from BHEL Chanjugi and DEE VEE Projects.

The contracts cover Double Girder EOT Cranes, material-handling systems, mandatory spares, erection and commissioning, with deliveries scheduled through May 2027. Cranex shares were trading at ₹75.98 as of 3:14 PM IST on September 22, 2026.

Source:

• https://www.bseindia.com/stock-share-price/cranex-ltd/cranex/522001
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/431a0a03-1a73-4ecd-8315-322338044dbc.pdf