Cranex Share Price in Focus; Secures ₹7.17 Crore Orders From BHEL, DEE VEE Projects

Cranex Limited has received a Letter of Award and a Purchase Order from Bharat Heavy Electricals Limited (BHEL) and DEE VEE Projects Limited, with the two orders together valued at approximately ₹7.17 crore. 

The orders cover a 100-tonne Double Girder EOT Crane package for a hydropower project and six material handling systems along with related supply and commissioning work. 

BHEL Order Covers 100-Tonne EOT Crane 

BHEL has awarded Cranex a Letter of Award for the Double Girder EOT Crane package for the 3×16 MW HPPCL Chanju Stage III HEP project. 

The order is valued at approximately ₹1.33 crore and covers a crane with a lifting capacity of up to 100 tonnes.  

DEE VEE Places ₹5.84 Crore Purchase Order 

The larger order has come from DEE VEE Projects Limited. The company has placed a purchase order worth approximately ₹5.84 crore for six material handling systems. 

The scope includes cranes, hoists and yokes, along with mandatory spares, erection and commissioning.  

Orders Add To Cranex's Business Pipeline 

Cranex said the new orders will strengthen its order book and support business growth.  

The company also pointed to repeat business from existing customers as evidence of continued trust in its capabilities and execution record.  

Management Focuses on Execution 

According to the management commentary, Cranex plans to focus on completing the contracted work on time and as required under the respective orders. 

The company also said the orders support its efforts to expand its market presence and enhance its capabilities, while continuing to focus on execution and long-term customer relationships.  

Read More: Mazagon Dock Shipbuilders Extends Director (Operations) Biju George’s Tenure Till February 2029! 

Cranex Share Price Performance  

As of 23 September 2026, at 2:47 PM, Cranex Ltd share price is trading at ₹77 per share, reflecting a surge of 2.57% from the previous trading session. 

Conclusion 

The two new orders give Cranex a combined order value of approximately ₹7.17 crore. With work ranging from heavy-duty EOT cranes to material handling systems and commissioning, the contracts add fresh execution work to its business pipeline. 

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