Action Construction Equipment secures LoI for supply of Knuckle Boom Cranes

Knuckle Boom Cranes of the specified capacity are the first of its kind being developed by an Indian company.

Sep 16, 2021 03:09 IST India Infoline News Service

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Action Construction Equipments Ltd has informed in continuation of their efforts to expand business in the Defence Sector, the Company has developed an indigenous Special Low Silhouette Knuckle Boom Crane for DRDO, Ministry of Defence (MoD).

The Company has received a letter of Intent from Tata Advanced Systems Limited for manufacturing and supply of the said cranes which have been integrated on TATA HMV 8X8 chassis.

The said Knuckle Boom Cranes of the specified capacity are the first of its kind being developed by an Indian company using advanced technology, said company.

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

Action Construction Equipment ended at Rs272.95 apiece up by Rs4 or 1.49% on Sensex.

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