Cranex Ltd has received a Letter of Award (LOA) worth approximately Rs 1.07 crore from South Central Railway, Vijayawada, Andhra Pradesh.

The order involves the manufacture, supply, commissioning and testing of a 25/5T EOT crane and is scheduled to be completed by May 20, 2027.

The company clarified that the contract is a domestic order, with no promoter or promoter-group interest in the awarding entity, and does not constitute a related-party transaction.