Action Construction Equipment (ACE) is set to invest Rs 400 crore in a new tower crane manufacturing facility in Palwal, Faridabad in Haryana. 

The facility, spanning 22 acres is seen as a strategic expansion to meet rising demand in the construction sector. In a parallel move for long-term growth, ACE has also acquired 32 acres in Indore for future projects. Sorab Agarwal, Executive Director, ACE said, “Our focused strategy to double revenues by FY 2030 is backed by decisive moves into high-potential segments such as backhoe loaders, defence, and agriculture, along with a concerted push to double our export footprint.”

He added that infrastructure investments like the Palwal plant, capacity augmentation, and next-gen tech adoption are enhancing ACE’s competitiveness. The company recently recorded its highest-ever revenue and profits in Q4/FY25.