Excavator
A strategic person
Rajinder Raina has more than 34 years of experience in various domains of the industry. A BE (Mech) and MBA, he has widely travelled for technical collaborations and strategic alliances.
Integral team player
A Mechanical Engineering Graduate, Neeraj Gaur, Managing Director, Fine Equipment, has 22 years of experience in construction equipment industry. He established Fine Equipment as a brand known for its quality and aftersales support.
Mining Growth
India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.
Volvo puts the pow into Laos power plant
A fleet of Volvo Construction Equipment machines is working at the Hongsa Power Plant in Laos to ensure the project is completed on time.
We expect EPC model dominating at least in the short term
The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. The smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend.
Excavators to Dominate
Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold.
Budget boost!
Infrastructure has received a booster shot of Rs 70,000 crore and another Rs 24,000 crore of increased outlays on roads and railways. This would take the existing spend on infrastructure for 2015-16 from Rs 2,10,000 to Rs 3,04,000 crore plus the funds created as an outcome of the seed money invested in National Investment & Infrastructure Fund which in turn will find its way into infrastructure funding companies like IRFC & NHB where they will evolve with a factor of ten.
Hyundai launches new excavator
Hyundai Construction Equipment India showcased its latest R390LC-9 excavator for the mining segment at the 12th International Mining and Machinery Exhibition 2014 which held in Kolkata in December 2014.
New service centre for L&T Construction
The Larsen & Toubro Construction and Mining Machinery has set up a service and training centre at Kancheepuram in Tamil Nadu.
Tata Hitachi to launch 100-tonne dumper
Tata Hitachi Construction Machinery Company (Tata Hitachi) is planning to introduce 100 tonne dumper by 2016
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