Crown Lifters Limited — Important, 20-02-2025: Capacity addition

Crown Lifters Limited has placed an order for a brand-new 260 MT crawler crane at an estimated purchase value of ₹5.78 crores, set for delivery by the end of February 2025. This addition will contribute to the company's total crane capital expenditure for the financial year, which now stands at approximately ₹60.36 crores. The decision to expand the crane fleet comes in response to a notable increase in demand for mid-size construction equipment across various sectors, including Refinery, Cement, Steel, Solar, and Metro/Bullet Train projects. This development signals a positive outlook for the company as it aligns with the growing market trends. Investors should watch closely for further implications on revenue and operations.