ACE bags contract to develop assembly plant at $24.98 mn

22 Jun 2022 CW Team

The company has secured the contract through a credit agreement between the Government of The Republic of Ghana and Export-Import (EXIM) Bank of India.

The project will be wholly-owned and operated by the Government of The Republic of Ghana.

The project work includes designing, engineering, and commissioning the assembly lines and supplying plant and machinery for the manufacturing unit, including transferring the technical know-how, establishing best-in-class manufacturing processes and best quality control systems, and training engineers and technicians from the Government of The Republic of Ghana for future operations.

The assembly manufacturing facility will be designed for an installed capacity of 4,500 tractors, 600 backhoe loaders, 6,000 agricultural implements and 3,000 tipping trailers per year.

Additionally, the contract includes supplying an initial pilot lot of tractors, backhoe loaders and agricultural implements in completely knocked down (CKD) form for manufacturing.

After commissioning the plant, the prices for the CKD kits shall be applicable according to the prevailing market rates during supply.

After completion, the project will play a vital role in the export markets in the African continent region for the products and augment the company's global efforts.

ACE will deliver the state-of-the-art assembly plant and strengthen the vision of the Government of moving forward with the Make in India and Make for the World goals.

Image Source

Also read: S Agarwal of ACE: We plan to double our production capacity

Under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligation and Disclosure Requirements Regulations 2015, Action Construction Equipment Limited (ACE) has been awarded with a contract to set up an assembly plant for manufacturing tractors, backhoe loaders and fabrication of agricultural implements for the Government of The Republic of Ghana at $24.98 million. The company has secured the contract through a credit agreement between the Government of The Republic of Ghana and Export-Import (EXIM) Bank of India. The project will be wholly-owned and operated by the Government of The Republic of Ghana. The project work includes designing, engineering, and commissioning the assembly lines and supplying plant and machinery for the manufacturing unit, including transferring the technical know-how, establishing best-in-class manufacturing processes and best quality control systems, and training engineers and technicians from the Government of The Republic of Ghana for future operations. The assembly manufacturing facility will be designed for an installed capacity of 4,500 tractors, 600 backhoe loaders, 6,000 agricultural implements and 3,000 tipping trailers per year. Additionally, the contract includes supplying an initial pilot lot of tractors, backhoe loaders and agricultural implements in completely knocked down (CKD) form for manufacturing. After commissioning the plant, the prices for the CKD kits shall be applicable according to the prevailing market rates during supply. After completion, the project will play a vital role in the export markets in the African continent region for the products and augment the company's global efforts. ACE will deliver the state-of-the-art assembly plant and strengthen the vision of the Government of moving forward with the Make in India and Make for the World goals. Image Source Also read: S Agarwal of ACE: We plan to double our production capacity

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..