ACE receives crane supply order from Defence Ministry

17 Jan 2023 CW Team

Action Construction Equipment announced that the DRDO and Ministry of Defence had placed an order for the delivery of cranes (MoD).

As part of its efforts to grow its business in the defence industry, ACE has created an indigenous special mobile crane for the Ministry of Defence (MoD), DRDO, and programme MRSAM (Army). The aforementioned cranes, which have the required tonnage, are the first of their kind to be produced by an Indian company.

The company has been given a pilot order for the production and supply of the aforementioned cranes, which ACE has incorporated onto HMV 8X8 chassis. The cranes use telescoping boom sections, are hydraulically propelled, and have cutting-edge safety features.

With market dominance in the mobile and stationary tower crane divisions, Action Construction Equipment is one of India's top manufacturers of material handling and construction equipment.

Also read:
Adani, Torrent, Shell, and Actis competing for KKR's energy InvIT
Construction of Bullet train continues in full swing

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..