“We wish to inform that in our endeavour to expand business in the Defence Sector, Action Construction Equipment Limited has been awarded with a breakthrough order for the supply of 40 numbers backhoe loaders from Border Road Organisation, Ministry of Defence (MoD),” ACE said in a regulatory filing.
The company further said this order demonstrates its efforts under the ‘Make in India’ and ‘Atma Nirbhar Bharat’ initiatives of the Government of India.
In the quarter ended March 31, 2022, the company reported total income of INR 516 crore compared to INR 465 crore during the period ended March 31, 2021.It has posted profit after tax (PAT) of INR 35.42 crore for the period ended March 31, 2022 as against PAT of INR 38.6 crore for the year-ago period.
The company is the world’s largest Pick & Carry cranes manufacturer with over 63% market share in the Mobile cranes segment and a majority market share of more than 60% in Tower Cranes segment domestically. ACE also offers Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders/Loaders, Vibratory Rollers, Motor Graders, Forklifts, Tractors and Harvesters and other Construction Equipment.
It has one of the widest sales networks, with over 100-plus locations supported by 13 regional offices in India and also exports to over 25 countries across the Middle East, Africa, Asia and Latin America.