The Ministry of Defence (MoD) has signed contracts worth ₹697.35 crore with Action Construction Equipment Ltd (ACE) and JCB India Ltd for the procurement of 1,868 Rough Terrain Fork Lift Trucks (RTFLTs).

The contracts, signed in the presence of Defence Secretary R K Singh, aim to strengthen the logistics and operational efficiency of the Indian Army, Air Force, and Navy.

The RTFLTs will be manufactured under the Buy (Indian) category, strengthening India’s defence production ecosystem. The project is expected to generate direct and indirect employment by supporting MSMEs engaged in component manufacturing. The move aligns with the government’s ‘Aatmanirbhar Bharat’ initiative to promote self-reliance in defence.

In a separate development, the Defence Ministry inked a ₹1,220.12 crore contract with BEL for the procurement of 149 SDRs for the Indian Coast Guard.

Also read: BEL shares gain nearly 3% after securing orders worth ₹1,292 crore

These radios will enhance secure, high-speed data sharing, voice communication, and situational awareness for maritime security operations.

Following the announcement, shares of Action Construction Equipment Ltd surged 4.19% to close at ₹1,244.85, while Bharat Electronics Ltd stock rose 2.68% to ₹260.20 on the BSE.