Cranex Secures ₹1.02 Crore Railway Order

Cranex has received a ₹1.02 crore Letter of Award from North Central Railway for manufacturing and supplying a 50-tonne EOT crane. The order includes the crane along with related ***** contract has been awarded by the North Central Railway, Jhansi. Cranex is expected to complete the order by February 17, ***** railway order adds to the company's business from the infrastructure and railway segment. However, the order value is relatively small compared with the company's overall business size. Investors may therefore focus on whether Cranex continues to secure larger railway and industrial orders.