Multibagger Penny Stock Under Rs 85 Hit 52-Week Low: Company Receives 6 New Orders Worth Rs 20,15,64,905
The company has a market cap of over Rs 50 crore and has given multibagger returns of over 800 per cent in 5 years.
Cranex Limited has announced the receipt of multiple domestic purchase orders from various customers, totalling Rs 20,15,64,905 for the manufacturing and supply of its diverse range of products. These orders include one from South Eastern Railway, Kharagpur, West Bengal, for a 15-ton Goliath Crane valued at approximately Rs 2,15,11,400 with a delivery timeline of February 24, 2026. Additionally, Bharat Heavy Electrical Ltd. (BHEL) Jhansi has placed an order for a 150T Lifting Platform worth around Rs 99,82,800, expected to be delivered by September 02, 2025.
Further bolstering their order book, Cranex has secured contracts from Patiala Locomotive Works, Patiala, for two 65T EOT Cranes valued at approximately Rs 2,82,12,485, with a delivery date of March 27, 2026 and from N.W.RLY Ajmer for two Automatic Turn Tables for Wheels worth around Rs 27,14,000, slated for delivery by July 01, 2025. These orders, like the others, include standard terms and conditions regarding quality, delivery schedules and mutually agreed pricing.
Finally, Cranex has also received purchase orders from Southern Railway, Perambur, Tamilnadu, for a 10T EOT Crane valued at approximately Rs 43,25,880, with a delivery timeline of July 13, 2026 and a significant order from Bharat Heavy Electrical Ltd. Noida for two 125/25T EOT Cranes and two 25T EOT Cranes, amounting to approximately Rs 13,48,18,340, with a delivery date of March 01, 2026. These multiple order wins across different railway divisions and BHEL demonstrate Cranex Limited's strong position and capabilities in the manufacturing and supply of heavy lifting equipment.
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About the Company
Incorporated in 1973, Cranex Ltd is engaged in the manufacturing and sale of a diverse range of cranes and their components, including EOT Cranes, Gantry Cranes, Escalators, Moving Walkways, Elevators, Jib Cranes and Traversers, with a manufacturing capacity of cranes up to 200 tons lifting capacity and 60-meter spans. Beyond manufacturing, the company also provides comprehensive after-sales services, modernisation, renovation, annual maintenance contracts (AMC) and reconditioning services for existing cranes, catering to both government and private sector industries, including specialised environments such as space, atomic energy and flame-proof areas.
On Friday, shares of Cranex Ltd plunged 2.36 per cent and made a new 52-week low of Rs 77 per share from its previous closing of Rs 78.86 per share. The company has a market cap of over Rs 50 crore and has given multibagger returns of over 800 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.