The order comes as ACE looks to expand its presence in the defence sector. The backhoe loaders will be supplied to the BRO, which is responsible for the construction and maintenance of roads and other infrastructure in border areas.
ACE said the order is part of its efforts to expand its defence business and is aligned with the government’s Make in India and Aatmanirbhar Bharat initiatives.
The company manufactures construction equipment, including cranes, earthmoving machinery and other equipment used in infrastructure and construction activities.
ACE’s work with the Ministry of Defence
The latest order follows ACE’s earlier business with the Ministry of Defence (MoD).
In February 2025, the MoD signed contracts worth ₹697.35 crore with ACE and JCB India for the procurement of 1,868 Rough Terrain Fork Lift Trucks (RTFLTs).
The trucks were intended for the Indian Army, Air Force and Navy and were to be manufactured under the Buy (Indian) category. The procurement was aimed at supporting defence logistics while increasing the use of equipment manufactured in India.
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Q1 performance
ACE reported revenue of ₹785 crore in the first quarter of FY27, an increase of 20.49% from ₹652 crore in the year-ago quarter. Revenue, however, declined 23.68% sequentially from the previous quarter.Gross profit stood at ₹108 crore, compared with ₹84 crore a year earlier, while net profit rose to ₹119 crore from ₹97 crore in Q1 FY26.
On a quarter-on-quarter basis, gross profit declined 33.24%, while net profit increased 7.74%.
ACE share price
ACE shares were trading at ₹1,236.50 on Wednesday, up ₹30.70, or 2.55%, from the previous close.
The stock has gained 0.50% over the past week and 8.42% over the past month. Over a three-month period, it has risen 25.15%, while the six-month return stands at 58.40%.
The stock is up 14.49% over the past year. Over a two-year period, ACE shares have declined 12.84%. The stock has gained 77.48% over three years and 385.61% over five years.