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Action Construction Equipment received order from Ministry of Defence

News: Action Construction Equipment Limited ("the Company") has received order for supply of 38 (Thirty Eight) nos. Mobile Crane to SPIC, Defence R & D Organization (Ministry of Defence) for a total consideration of approx. Rs. 6.51 Crore.

Views: Action Construction Equipment Limited qualified by proving the capability of the multifunction machines through comprehensive testing under the "Make in India" and "AatmaNirbhar Bharat" initiatives of our Government. This new order and expertise in this field will help ACE in increasing its revenue from Defence segment in coming quarters thus helping the company to achieve its 20-25% CAGR revenue growth target for the next 2-3 years.

Impact: Positive