Sanghvi Movers Signs MoU with ACE for Indigenous Heavy Cranes
Filing Summary
Sanghvi Movers Limited (SML) has signed a Memorandum of Understanding (MoU) with Action Construction Equipment Limited (ACE) to integrate indigenously manufactured heavy cranes into its fleet. This agreement aligns with SML’s ELEVATE 2030 vision and supports India’s “Aatmanirbhar Bharat” initiative. The partnership will enable SML to expand its fleet with heavy slew cranes, including truck and crawler cranes, manufactured by ACE. This collaboration aims to reduce import dependency and enhance domestic manufacturing capabilities. The MoU was formalized at EXCON 2025, with both companies committed to supporting India’s infrastructure growth.
Sanghvi Movers Limited (SML) has entered into a Memorandum of Understanding (MoU) with Action Construction Equipment Limited (ACE) to incorporate indigenously manufactured heavy cranes into its operations. This agreement was formalized at EXCON 2025 and is part of SML’s long-term corporate vision, ELEVATE 2030. The MoU focuses on integrating heavy slew cranes, including truck cranes and crawler cranes, into SML’s fleet, aligning with India’s “Aatmanirbhar Bharat” and “Make in India” initiatives.
The financial terms of the MoU have not been disclosed in the filing. However, the agreement signifies a strategic collaboration between SML and ACE to enhance domestic manufacturing capabilities. The partnership aims to reduce reliance on imported heavy lifting equipment and support the development of local supply chains. ACE is committed to providing priority product support, customization, and technical solutions tailored to SML’s operational needs.
The scope of the MoU involves SML progressively expanding its fleet with heavy cranes manufactured by ACE. This initiative is designed to ensure faster, cost-efficient, and reliable project execution for SML’s clients across India. The collaboration will enable SML to offer enhanced serviceability and quicker turnaround times, contributing to the national objectives of industrial self-reliance and capability building in the heavy lifting sector.
The market context for this collaboration is significant, as India’s heavy slew cranes market has historically relied on imports. By partnering with ACE, SML aims to drive substantial import substitution and catalyze the development of local supply chains. This move is expected to contribute to employment generation, skill development, and technology advancement within the country.
The timeline for the implementation of the MoU has not been specified in the filing. However, the agreement was formalized at EXCON 2025, indicating that the collaboration is set to commence in the near future. Both SML and ACE are committed to supporting India’s infrastructure growth through this strategic partnership.
Action Construction Equipment Limited (ACE) is recognized as the world’s largest manufacturer of pick and carry cranes. The company holds a significant market share in the mobile and tower cranes segments domestically. ACE offers a broad portfolio, including mobile/fixed tower cranes, crawler cranes, and various construction and agricultural machinery, exporting to over 37 countries.
Sanghvi Movers Limited (SML) is India’s and Asia’s largest, and the world’s fifth-largest crane rental company. Established in 1989, SML operates over 450 cranes and has a presence across 130+ active project sites. The company provides complete lifting and EPC solutions through specialized in-house engineering and project teams, supporting infrastructure, energy, and industrial projects in India and the Middle East.