Cranex Wins Rs 1.02 Crore Order for 50T EOT Crane

Cranex has secured a new order valued at approximately Rs. 1,02,15,850 for manufacturing and supplying a 50T EOT Crane along with its accessories. The company officially announced this development after receiving a Letter of Award (LOA), which formalizes the contract and initiates the project.

This significant order underscores Cranex’s operational capabilities and market position in industrial equipment manufacturing. The specific nature of the 50T EOT Crane, designed for heavy-duty lifting and material handling, indicates its deployment in critical industrial infrastructure or large-scale manufacturing facilities.

Order Specifics

• New order value: Approximately Rs. 1,02,15,850
• Product scope: Manufacturing and supply of 50T EOT Crane with concomitant accessories
• Contractual confirmation: Receipt of a Letter of Award (LOA)

The disclosure of this new order aligns with stringent regulatory mandates set by the Securities and Exchange Board of India (SEBI) to ensure market transparency. Cranex made this announcement in strict compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Mandates

• Primary regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Relevant amendment: SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023
• Overarching guideline: SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155

This crucial information was communicated as part of the company’s official filings submitted to the BSE. Such timely and detailed disclosures are fundamental to maintaining investor confidence and adhering to established market disclosure norms for all listed entities in India.