ACE And Sanghvi Movers Sign Strategic MOU For Indigenous Heavy Crane Manufacturing

Action Construction Equipment Limited (ACE) and Sanghvi Movers Limited have officially signed a strategic Memorandum of Understanding (MOU) to significantly scale up the deployment and usage of indigenously manufactured heavy slew cranes, primarily truck cranes and crawler cranes across major infrastructure and industrial projects in India. This collaboration represents a key step towards advancing the Government of India's Aatmanirbhar Bharat vision under the Make in India program.

Strategic Partnership Framework

The MOU aims to promote medium-term cooperation between the two companies to increase market adoption of Indian-made heavy lifting equipment, reduce dependence on imported cranes, and strengthen national capabilities in this critical sector. Under the agreement, Sanghvi Movers will progressively expand its fleet with heavy cranes manufactured by ACE, thereby supporting domestic manufacturing and enabling faster, cost-efficient, and more reliable project execution across the country.

Partnership Details:	Specifications
Lead Manufacturer:	Action Construction Equipment Limited
Fleet Partner:	Sanghvi Movers Limited
Product Focus:	Heavy slew cranes, truck cranes, crawler cranes
Strategic Goal:	Import substitution and domestic manufacturing
Market Position:	ACE - World's largest Pick-n-Carry manufacturer
Fleet Size:	Sanghvi - Over 450 cranes (40 to 1600 MT)

Executive Leadership Statements

Mr. Sorab Agarwal, Executive Director at ACE, emphasized the partnership's significance: "India's heavy slew cranes market has historically relied on imports. Through this partnership, we are deepening the Make in India initiative by offering world-class indigenous alternatives that deliver performance, safety, and lifecycle value. This MOU reflects our commitment to building national capability and contributing to true industrial self-reliance."

Mr. Rishi C. Sanghvi, Managing Director of Sanghvi Movers, added: "Our collaboration with ACE is a strategic enabler for sustainable growth. By expanding our fleet with domestically manufactured cranes, we not only reduce import dependency but also ensure superior serviceability, quicker turnaround time, and greater value creation within India's economy."

Market Impact And Strategic Benefits

The partnership is expected to drive substantial import substitution, develop local supply chains, and contribute to employment generation, skill development, and technology advancement within the country. ACE will prioritize product support, customization, and technical solutions tailored to the needs of India's rapidly growing infrastructure ecosystem.

Expected Outcomes:	Benefits
Import Substitution:	Reduced reliance on foreign heavy crane equipment
Supply Chain:	Enhanced domestic manufacturing capabilities
Market Coverage:	Support for accelerating infrastructure development
Economic Impact:	Employment generation and skill development
Service Excellence:	Superior serviceability and quicker turnaround times

With infrastructure development accelerating nationwide, this joint initiative will support India's long-term objective of becoming a global hub for high-capacity lifting solutions while strengthening the domestic manufacturing ecosystem in the heavy equipment sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.95%	-2.96%	-6.45%	-24.02%	-31.47%	+615.79%

Action Construction Equipment Limited (ACE), a leading construction equipment manufacturer, has reported a 9.9% year-on-year increase in profit after tax for the quarter ended September 30, 2025. The company's financial results, approved by its Board of Directors on November 6, 2025, showcase steady growth and operational efficiency.

Financial Highlights

Particulars (Rs. in crore)	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	749.47	754.34	-0.64%
Profit After Tax	103.87	94.37	+9.90%
EBITDA Margin	14.94%	14.32%	+62 bps

ACE's revenue from operations stood at Rs. 749.47 crore for Q2 FY26, marginally lower than the Rs. 754.34 crore reported in the same quarter last year. Despite the slight dip in revenue, the company managed to improve its profitability, with profit after tax rising to Rs. 103.87 crore, up from Rs. 94.37 crore in Q2 FY25.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 14.94% in Q2 FY26, compared to 14.32% in the corresponding quarter of the previous year, indicating enhanced operational efficiency.

Segment Performance

ACE operates in two main segments:

Cranes, Material Handling and Construction Equipment
Agriculture Equipment

The Cranes, Material Handling and Construction Equipment segment continued to be the primary revenue driver, contributing Rs. 694.01 crore to the total revenue in Q2 FY26.

Half-Year Performance

For the six-month period ended September 30, 2025, ACE reported:

Revenue from operations: Rs. 1,393.08 crore
Profit after tax: Rs. 198.24 crore

Balance Sheet Highlights

As of September 30, 2025:

Total assets: Rs. 2,978.30 crore
Net worth: Rs. 1,775.33 crore
Debt-equity ratio: 0.07

Other Developments

During the quarter, ACE issued Rs. 35 crore of commercial paper with a three-month tenure, indicating its ability to access short-term financing.

The company's Board of Directors had earlier approved a final dividend of 100% (Rs. 2 per equity share) for the financial year ended March 31, 2025, which was subsequently approved by shareholders in the Annual General Meeting held on August 29, 2025.

ACE's focus on operational efficiency and profitability improvement is evident from its financial performance. The company continues to maintain a strong balance sheet position, with a low debt-equity ratio of 0.07, providing financial flexibility for future growth initiatives.