ACE to Invest Rs 4 Bn in New Tower Crane Facility at Palwal, Haryana

19 Sep 2025 CW Team

Action Construction Equipment (ACE), India’s leading construction equipment and crane manufacturer, has announced an investment of Rs 4 billion to set up a new tower crane manufacturing facility at Palwal, Faridabad, Haryana. Spanning 22 acres, the facility is aimed at meeting the growing demand in the construction sector and strengthening ACE’s manufacturing footprint.

Alongside this expansion, ACE has also acquired 32 acres of land in Indore for future projects, aligning with its long-term growth strategy.

Sorab Agarwal, Executive Director, ACE, said, “Our focused strategy to double revenues by FY 2030 is backed by decisive moves into high-potential segments such as backhoe loaders, defence, and agriculture, along with a concerted push to double our export footprint.”

He added that infrastructure investments like the Palwal plant, capacity augmentation, and next-gen technology adoption are enhancing ACE’s competitiveness. The company also reported its highest-ever revenue and profits in Q4/FY25, underlining its strong growth trajectory.

News source: Projects Today

Infrastructure Energy

19 Sep 2025

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