India’s mining and construction equipment (MCE) sector is projected to surge from US $16 billion to $45 billion by 2030—a 19 % CAGR expansion driven by government manufacturing policies and export incentives. Here are five stocks poised to ride this growth wave:
1. BEML Ltd – A state-owned heavyweight with a comprehensive product line—mining dump trucks, hydraulic excavators, bulldozers—it dominates Asia’s earth-moving market and supports sectors like coal, rail, cement, and defense.
2. Action Construction Equipment (ACE) – Known for its cranes, backhoe loaders, tractors, and boom systems, ACE has global reach through eight manufacturing sites and a strong order pipeline .
3. Tata Hitachi Construction Machinery (THCMC) – A joint venture with Hitachi, this Bengaluru/Kharagpur-based player makes excavators (2–800 T), backhoe loaders, dump trucks, and wheel loaders—well-positioned to benefit from infrastructure growth .
4. AIA Engineering – Leading maker of high-chrome wear-resistant castings (grinding media, mill liners), AIA serves global mining and cement clients. Its export focus aligns with rising digging activity .
5. Elecon Engineering Co. – Specializes in heavy-duty industrial gearboxes and material handling systems used extensively in mining and construction—a stock primed for upside as sector demand strengthens .
