Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Action Construction Equipment Limited ( (IN:ACE) ) has shared an update.
Action Construction Equipment Limited (ACE) and Sanghvi Movers Limited have signed a strategic Memorandum of Understanding (MOU) to enhance the deployment of indigenously manufactured heavy cranes in India. This collaboration aligns with the ‘Make in India’ initiative, aiming to reduce import dependency, strengthen domestic manufacturing capabilities, and support infrastructure development. The partnership is expected to drive import substitution, develop local supply chains, and contribute to employment and skill development, positioning India as a global hub for high-capacity lifting solutions.
More about Action Construction Equipment Limited
Action Construction Equipment Limited (ACE) is the world’s largest Pick-n-Carry manufacturer and a leading company in India’s material handling and construction equipment industry. The company focuses on manufacturing heavy lifting equipment such as truck cranes and crawler cranes, contributing significantly to infrastructure and industrial projects in India.
Average Trading Volume: 17,519
Technical Sentiment Signal: Buy
Current Market Cap: 110.1B INR
For an in-depth examination of ACE stock, go to TipRanks’ Overview page.