Stock Report

Action Construction Equipment Ltd updates on Special Mobile Crane

Posted On : 2023-01-12 14:54:11( TIMEZONE : IST )

Action Construction Equipment Ltd updates on Special Mobile Crane

In continuation of its efforts to expand business in the Defence Sector, Action Construction Equipment Limited ("the Company") has developed an indigenous Special Mobile Crane for Ministry of Defence (MoD), DRDO, programme MRSAM (Army). The said Cranes of the specified tonnage are the first of its kind been developed by an Indian Company using advanced technology.

The Company has received a pilot order for manufacturing and supply of the said cranes which have been integrated on HMV 8X8 chassis by ACE. The cranes are hydraulically powered, use telescopic boom sections and are equipped with sophisticated safety devices.

Action Construction Equipment Limited qualified by proving the capability of the system through comprehensive testing and these special purpose cranes demonstrate our efforts and focus on the opportunities in the defence sector under the "Make in India" and "AatmaNirbhar Bharat" initiatives of our Government.

Shares of Action Construction Equipment Limited was last trading in BSE at Rs. 310.05 as compared to the previous close of Rs. 311.85. The total number of shares traded during the day was 20766 in over 891 trades.

The stock hit an intraday high of Rs. 316.50 and intraday low of 309.20. The net turnover during the day was Rs. 6492107.00.

Source : Equity Bulls


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