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

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

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 construction 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

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 construction 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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code