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

Shares of Action Construction Equipment traded 1.4% lower at ₹1,211 apiece in the closing session on Friday after opening higher in the morning session.

The Ministry of Defence (MoD) has signed contracts to procure 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 ₹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 the 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 the Mobile Cranes and Tower Cranes segment.