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Action Construction Equipment secures Rs 420 crore contract from Ministry of Defence

21 Feb 2025 Evaluate

In a significant boost to India’s defence infrastructure and indigenous manufacturing capabilities, Action Construction Equipment (ACE) has secured the largest order in its history, reinforcing its commitment to the Government of India’s ‘Make in India’ and ‘Aatma Nirbhar Bharat’ initiatives. The Ministry of Defence (MoD) has signed contracts for the procurement of 1,868 Rough Terrain Fork Lift Trucks (RTFLT), with ACE securing a dominant 60% share of the order. ACE will deliver 1,121 RTFLTs along with attachments and accompanying accessories at a total value of Rs 420 crore.

The RTFLT is a mission-critical asset, designed to enhance combat readiness and logistical efficiency across the Indian Army, Indian Air Force, and Indian Navy. By reducing manual handling of vast quantities of essential supplies, the RTFLT significantly improves the operational effectiveness of the Defence forces. ACE was awarded this breakthrough contract after successfully demonstrating the superior capability of its equipment through rigorous performance testing. This milestone order underscores the company’s technological expertise and robust R&D capabilities, reinforcing its position as a key contributor to India’s self-reliance in defence manufacturing.

Action Construction Equipment is India’s leading material handling and construction equipment manufacturing company with a majority market share in Mobile Cranes and Tower Cranes segment.


Peers
Company Name CMP
BEML 2028.55
Action Const. Equip 1218.60
Sanghvi Movers 457.00
TIL 249.05
Brady & Morris Engg. 675.00
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