ACE's ₹400 Crore Leap: A New Tower Crane Plant in Haryana

Action Construction Equipment (ACE) has announced a ₹400 crore investment to establish a state-of-the-art tower crane manufacturing facility in Palwal, Faridabad, Haryana. Spread across 22 acres, the new plant marks a strategic expansion aimed at meeting the growing demand in India’s construction and infrastructure sector.

As part of its long-term growth roadmap, ACE has also acquired an additional 32 acres in Indore, Madhya Pradesh, earmarked for future development projects.

“Our focused strategy to double revenues by FY 2030 is underpinned by strategic investments in high-potential segments such as backhoe loaders, defence, and agriculture, alongside a major push to expand our export footprint,” said Sorab Agarwal, Executive Director, ACE.

He further highlighted that investments in infrastructure—such as the Palwal facility, capacity augmentation, and adoption of next-generation technologies—are strengthening ACE’s position in a competitive market.

The announcement follows a strong financial performance, with ACE reporting its highest-ever revenue and profits in Q4 of FY25.

News by Rahul Yelligetti.