Action Construction Equipment jumps on launching India’s first fully electric mobile crane

Shares of Action Construction Equipment Limited gained about 3% today. 

Action Construction Equipment (ACE) has unveiled India’s first fully electric mobile crane, India’s one of the largest indigenous cranes with 180 tons lifting capacity, and India’s first self-propelled aerial work platforms among other new offerings at Bauma Conexpo 2023, Greater Noida.

An Industry First

With this new launch, the company marks India’s first indigenously developed 100% electric Construction Equipment and propels India’s growth on the global platform of technological advancements. ACE F150-ev 4X4 is a zero-emission machine with a lifting capacity of 15 tons, and the crane delivers the best possible combination of green credentials, customer benefits, and efficiency.

ACE F150-ev 4X4 is specifically designed to suit both road travel and pick-n-carry use. As part of the initiative to introduce sustainable technologies, the electric crane has been specially designed to deliver optimum power and productivity while maintaining the versatility of the equipment for Indian conditions.

With 4-wheel drive and required traction, this Electric Crane is suitable for rough terrain operations and is equipped with unparalleled safety features with best-in-class durability and stability. Action Construction Equipment is the leading mobile crane manufacturing company in India, which has progressed all along to become a professionally managed ISO 9OOI Certified company.

Stock movement of Action Construction Equipment

Today, the stock opened at Rs 340.95 with a high and low of Rs 340.95 and Rs 330.00. The stock closed trading at Rs 337.85, up by 2.58%. In the last six months, the shares of the company have given more than 54% returns and on a YTD basis, the stock has given about 10.44% returns.

The stock has a 52-week high of Rs 354.35 and a 52-week low of Rs 175. The company has a ROCE of 22.5% and an ROE of 16.4%, with a market capitalisation of Rs 4,025 crore.