Brokerage house Phillip Capital has issued a note which is bullish on the company, Action Construction Equipment (ACE), expecting the company's profit to double over next 2 years. In an interview to CNBC-TV18, Sorab Agarwal, ED of Action Construction Equipment spoke about the latest happenings in his company and sector.

Action Construction denies talks of stake sale to L&T Cap

Sorab Agarwal, managing director, Action Construction Equipment, denies the news that L&T Capital is planning to acquire stake in the open market of Action Construction Equipment (ACE).

ACE may take Rs 20-30cr debt if Chinese acquisition happens

Action Construction Equipment (ACE) is in advanced talks to acquire a Chinese company. The cost of this acquisition would be around Rs 40-50 crore. Sorab Agarwal, managing director of the company, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, mentioned that the Chinese company is in the similar trade as ACE.

ACE Construction targets 40-45% sales growth in FY12

Sorab Agarwal, Managing Director of the company, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, said that the last year was very good for the company and expects a topline growth of 40-45% this year.

ACE eyes 90% profit growth in FY11

In an interview with CNBC-TV18, Sorab Agarwal, MD, Action Construction Equipment (ACE) says, this year has been pretty good for the company. “We should be exceeding 50% top-line growth and bottom-line growth should be around 90% by end of March,” he adds.

Confident to see FY12 top line grow by 45-50%: ACE

Sorab Agarwal, the Managing Director of ACE, in an exclusive interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, says that the company is confident to see a top line growth of 45% to 50% in FY12.