Gujarat Apollo Enters Crane Business, Invests ₹9 Crore in Working Capital
Gujarat Apollo Industries Limited has entered the Pick and Carry Crane business, dispatching its first unit in July 2026. The company plans to increase manufacturing capacity to 200 cranes annually within two years and will invest approximately ₹9 Crore in working capital for this expansion.
The entry into a new business line and a capital investment of ₹9 Crore are significant developments that could impact the company's future performance.
The company is expanding its business into a new segment, which is expected to lead to revenue growth and increased manufacturing capacity.
Gujarat Apollo Industries Limited has announced its entry into the manufacturing and sales of Pick and Carry Cranes, marking a significant expansion of its business portfolio. The company successfully manufactured, sold, and dispatched its first Pick and Carry Crane in July 2026, signaling its foray into the cranes business.
The company plans to scale its manufacturing capacity to 200 cranes per year within the next two years. To support this new venture, Gujarat Apollo Industries Limited will invest approximately ₹9 Crore in working capital over the upcoming two years. This strategic move is expected to drive revenue growth for the company.
This expansion into the material handling equipment sector is in line with SEBI regulations and aims to establish a strong presence in this specialized domain.
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Gujarat Apollo Industries Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gujarat Apollo Industries Limited. Read the original for the full detail.