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

06 Feb 2023 Evaluate

Action Construction Equipment is currently trading at Rs. 336.05, up by 6.70 points or 2.03% from its previous closing of Rs. 329.35 on the BSE.

The scrip opened at Rs. 340.95 and has touched a high and low of Rs. 340.95 and Rs. 330.00 respectively. So far 48282 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 354.35 on 29-Nov-2022 and a 52 week low of Rs. 175.00 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 342.50 and Rs. 313.30 respectively. The current market cap of the company is Rs. 4014.29 crore.

The promoters holding in the company stood at 66.76%, while Institutions and Non-Institutions held 8.41% and 24.83% respectively.

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

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 has been 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.

Action Const. Equip Share Price

1242.85 13.85 (1.13%)
14-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
BEML 3792.75
Action Const. Equip 1242.85
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