ACE & Sanghvi Movers Ltd Sign Strategic MOU of Indigenously Manufactured Heavy Cranes

Action Construction Equipment Limited (ACE), World's largest Pick-n-Carry manufacturer and India's leading Material Handling and Construction Equipment Manufacturing Company, and Sanghvi Movers Limited, India's and Asia's largest, and the world's 5th largest crane rental company, have 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 is a key step towards advancing the Government of India's "Aatmanirbhar Bharat" vision under the "Make in India" program. 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 MOU, Sanghvi Movers will progressively expand its fleet with heavy cranes manufactured by ACE, thereby supporting domestic manufacturing and enabling faster, costefficient, and more reliable project execution across the country. In parallel, ACE will prioritize product support, customization, and technical solutions tailored to the needs of India's rapidly growing infrastructure ecosystem.

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. With infrastructure development accelerating nationwide, the joint initiative will support India's long-term objective of becoming a global hub for high-capacity lifting solutions.

Speaking on the occasion, Mr. Sorab Agarwal, Executive Director, ACE, said: "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, 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."

Shares of Action Construction Equipment Limited was last trading in BSE at Rs. 929.50 as compared to the previous close of Rs. 937.40. The total number of shares traded during the day was 6952 in over 600 trades.

The stock hit an intraday high of Rs. 935.95 and intraday low of 924.35. The net turnover during the day was Rs. 6458744.00.

Source : Equity Bulls

Keywords

ActionConstructionEquipment INE731H01025 SanghviMovers MOU