By Faizan Haidar

Copyright indiatimes

AgenciesA tower crane in action (Image for representation)

ACE (Action Construction Equipment Ltd) said that it is planning to invest approximately Rs 400 crore to establish a tower crane manufacturing facility in Palwal (Faridabad).Spanning over 22 acres, the factory is aimed at meeting the surging demand in the construction sector. Beyond that, the company has also acquired 32 acres in Indore to fuel future expansion, signaling a long-term vision rooted in growth and innovation.”We expect ACE’s strong growth momentum to accelerate further in the coming years. 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,” said Sorab Agarwal, Executive Director, ACE. “Capacity augmentation, investments in infrastructure including Palwal facility, and the adoption of next-generation technologies are strengthening our competitive edge,” Agarwal said. ACE had registered its highest ever yearly and quarterly revenue and profits during Q4FY25.Live EventsThe executive had said that despite prevailing global uncertainties, the country’s GDP is projected to grow at a steady pace of around 6.5%.Resilient domestic consumption, alongside the government’s sustained emphasis on capital expenditure, remains a key driver of economic growth. “However, external risks persist in the form of rising trade barriers, disrupted global supply chains, and ongoing geopolitical tensions. India is now positioned as the world’s fourth-largest economy and we are confident in the country’s ability to emerge as a global sourcing hub for goods and services,” Agarwal had said.Add as a Reliable and Trusted News Source Add Now!
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