Hardayal Prasad is new MD and CEO of Srei Infra Finance

Mr. Prasad is a seasoned senior banker with over 36 years of experience

Concrete equipment sector has been quick to embrace advanced tech.”

Ramesh Babbar, President and Director, Columbia Machine Engineering, speaks on the company’s approach to innovation and technology.

Poised for growth

As coal mining activity escalates, the need for tipper trucks will rise.

The concrete equipment sector has been quick to embrace advanced technologies

Ramesh Babbar, President and Director, Columbia Machine Engineering, speaks on the company’s approach to innovation and technology.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

On a high growth path

The government's focus on infrastructure development is expected to drive the demand for mini construction equipment.

Eyeing New Heights

The construction equipment and equipment financing industries experienced a series of highs and lows throughout 2022. As the new financial year starts, both sectors turned their attention to infrastructure as the driving force for future growth.

The demand trend for earthmoving equipment is expected to remain positive

Nischal Mehrotra, Vice President (Sales & Marketing), Liugong India, speaks on the emerging technology trends in the earthmoving equipment industry in India.

Bringing sustainability to the fore

JCB has continued to make concerted efforts to conserve and optimise the use of energy.

“We are coming up with new joint ventures & tie-ups.”

Niraj Shah, Managing Director, Kaushik Engineering Works, speaks on the various challenges faced in the construction equipment sector.

BKT to launch two new ‘Made for India’ EARTHMAX tyres

Balkrishna Industries (BKT) the Indian multinational company and global player in the off-highway tyre market will be participating in the bauma CONEXPO India 2023. Armed with a strong R&D, BKT will be launching two tyres under the sub-brand EARTHMAX at the bauma CONEXPO INDIA.

ADB and EIB to help MahaMetro raise Rs 3,586 cr for Nagpur Metro phase-II

The first phase was funded by France’s AFD and KFW a German agency

We will be launching track mounted compact range of crushing & screening machines

Excon is one of the largest construction equipment trade fairs and has been playing an important role in bringing out the latest technologies and solutions and we at Terex are proud to be a part of the 11th edition taking place this year

Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

Eyeing new heights

The year 2021 gave numerous ups and downs for the construction equipment and equipment financing industries. When the year comes to an end, the sectors look forth towards infrastructure as the ‘Growth Puller’ for the period ahead.

Top popular construction equipment companies in India

The infrastructure sector has witnessed a rapid growth within the country. With many ongoing projects, nation is for sure going to taste its development soon, but along with it many industries associated with infrastructure has evolved. One such industry is the construction equipment industry.

Tipper market is projected to grow at good pace over next few years”

The tipper market is projected to grow at a good pace over the next few years, owing to increasing number of infrastructure projects and availability of easy financing options offered by financial institutions.

Tata Motors launches ‘16 saal bemisaal’ campaign

To celebrate this feat, Tata Motors has organised roadshows, wherein Tata Aces will travel across 10 states in the country. Patrons will also be able to test drive the vehicle to gain a first-hand experience of its comfort and drivability.

We see healthy growth for CE industry in coming years

ACE is India’s leading material handling and construction equipment manufacturing company with a majority market share in mobile cranes and tower cranes segment. In addition to mobile cranes, ACE also offers mobile/fixed tower cranes, crawler cranes, truck mounted cranes, lorry loaders, backhoe loaders, vibratory rollers, piling rigs, forklifts, warehousing equipment, tractors, harvesters and other agri machinery.

Srei Equipment receives EoI for $250 mn capital infusion from international PE funds

The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Govt’s infra focus will boost demand for CE”

Established in May 1964 as a public sector undertaking for manufacturing rail coaches and spare parts and mining equipment, BEML (formerly Bharat Earth Movers) has partially disinvested and presently Government of India owns 54 per cent of total equity and rest 46 per cent is held by public, financial institutions, foreign institutional investors, banks and employees.

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

Mining reforms have brought the confidence back

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

iQuippo brings Kobelco’s equipment on its platform

iQuippo announced a strategic partnership with Kobelco Construction Equipment India to market and sell construction and mining equipment manufactured by the OEM on its platform

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

Budget cuts by states to adversely affect construction contractors: ICRA

The overall capex budgeted by states for FY2021 is likely to witness steep cut.

We will be introducing more models in near future

The market size of the foundation equipment is estimated to see a drop this year. However, from the second half of 2021 till next 3-4 years, it is likely to grow substantially.

iQuippo launches upgraded financial portal

iQuippo launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

Budget 2020: Key takeaways for infrastructure

Tax concessions extended to sovereign and pension funds will go a long way in attracting long term financing solutions for infrastructure sector, says Sandeep Upadhyay, Managing Director ? Infrastructure, Centrum Capital.

iQuippo launches upgraded financial portal

iQuippo, India?s first digital marketplace for infrastructure equipment, launched its upgraded financing portal (www.iquippo.com) and became the first digital platform in the country to digitise the co-lending programmes of banks and NBFCs.

Doosan Bobcat India hosts financiers meet

The compact construction equipment sales is gaining momentum in the Indian context and therefore the easy availability of financing options for customers is inevitable.

Doosan Bobcat India hosts financiers meet

Doosan Bobcat India (DBIN) organised a financier meet at its manufacturing facility in Chennai.

Transforming Skill Landscape

Shortage of skilled operators has been a major challenge faced by the infrastructure and construction industry for the past many years.

On Sustainable Growth

Devendra Kumar Vyas, Managing Director, Srei Equipment Finance, elaborates on the key factors that drive the growth and the emerging market trends in equipment finance.

Cash flow is paramount for sustaining equipment market growth

Sunbeam Infra Equipments (A Division of Sunbeam Generators) launched a trailer concrete pump of 50 cu m per hour capacity and mixer pump at bauma this year.

Reaching out to infra needs

Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.

Zoomlion launches IIoT Platform

ZValley Industrial Internet Company (ZValley), a subsidiary of Zoomlion Heavy Industry Science & Technology Co (Zoomlion), has officially launched ZValley OS (a platform of Industrial loT), which enables traditional companies and organisations especially in manufacturing, agriculture, smart city, and industrial fin-tech areas to harness the power of emerging digital technologies.

CE finance outlook

Financing accounts for approximately 80-85 per cent of the total equipment purchased. In the case of overseas purchases, it accounts for approximately 90 per cent.

Srei reports steep profit growth in Q1

Srei Infrastructure Finance (Srei) has reported a consolidated profit after tax (PAT) of Rs 139.55 crore during the quarter ended June 30, 2018 as compared to Rs 65.15 crore during the corresponding quarter of 2017.

New Growth Avenues

Warehousing segment in India is evolving fast and is moving towards palletised loads which can be stored at heights.

Hydraulic attachments are the future of infra development

An excavator can be used in a versatile way and can be termed as carrier. A single carrier can do multiple jobs with various attachments such as breakers, cutters, crushers etc.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

Will CE cross 'Mount 52,500'?

Will CE cross its previous peak of 52,500 units achieved in 2011 this year, despite the additional burden caused by GST? The majority feels that the peak is within reach.

Crushers & Screens| High on Demand

With infrastructure and construction sector on fast-track, especially road sector, aggregate processing has become essential to support the construction activities with a matching pace.

Poor Assessment of Triggers

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.

Construction enabler

India is on a fast track to develop world-class infrastructure in the country. Commencing with road sector wherein a construction speed of 40 km a day has already been achieved, plans are afloat to take it to 100 km a day. Similar traction has begun in other construction sectors like canals and more will follow.

Shriram Automall inks pact with Religare Finvest

Shriram Automall India Ltd (SAMIL) has signed a joined agreement with Religare Finvest Ltd.

Shriram Automall inks pact with Religare Finvest

Shriram Automall India Ltd (SAMIL) has signed a joined agreement with Religare Finvest Ltd. With this tie-up, the company marks a successful commencement of its association with the financial institution and extends the benefits of its holistic solutions for the disposal of all types of pre-owned immovable assets.

Shriram Automall inks tie-up with Manappuram Finance

Shriram Automall India Ltd (SAMIL) has joined hands with Manappuram Finance Ltd. With this tie-up, the company marks a successful commencement of its association with the financial institution.

Waking up to New Demand

The demand for crawler dozers is expected to be driven by the various government-sponsored infrastructure projects coming up in the country, and the new momentum in the mining industry.

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

Crane Owners Association Meet

The announcement of new office bearers, unveiling new website of the association and felicitation of Ashwin Gandhi were the highlights of the third AGM. The third Annual General Meeting (AGM)of the Crane Owners Association of India (COAOI) was held on September 30, 2015 in Mumbai. The meeting started with the minutes of the last year?s Annual General Meeting and a recap of the major activities during the year.

We have plans to start more offices in Andhra Pradesh and Telangana

With the government giving more focus on smart cities, we feel the other smaller cities will also develop parallelly and there will be demand for construction equipment, says B Lakshminarayana, Managing Director, Sri Sai Infra Equipment Pvt Ltd.

Is the money flowing again?

Tricky times call for strong strategies but the long term prospects are bright for financiers with staying capacity, finds Charu Bahri. Demand for construction equipment finance has been down for the last few years.

Rental Solutions

Knowledge and skill upgradation is very important in the rental segment. The equipment rental business in India is yet to evolve from its nascent stage. Though the mode and pace of business has gone through a severe sluggish phase

Walking the Talk

The promises of ?Acche Din?coupled with the the ?Big Bang? expectations from the FY16 Union Budget, are more to do with the government walking the talk and bringing in continuous reforms which positively impact the financial and economic landscape.

Rental segment will drive the demand for backhoe loaders

We are the authorised dealers for Terex Equipment in Mumbai, Thane and Raigad districts of Maharashtra. Terex in India operates in four different verticals: cranes, mining equipment (crushers and screens), earthmoving equipment, and aerial work platforms.

Credit demand may pick up in the second half of FY 2015-16

In July 2014, the current government presented its first budget which was predominantly growth-oriented. The announcements made in the budget represented measures to tame inflation and provide a boost to investments in manufacturing and infrastructure sector.

Light at the End of the Tunnel

The slowdown in infrastructure development, a major driver for the construction equipment industry, had resulted in reduced demand in recent years. However, with a new stable government in place, infrastructure development is expected to be back on the fast track soon.

Many German companies plan to invest more in India

An overwhelming majority of bC India exhibitors (79 per cent) expect the economy in the region to improve and to continue growing, says Rajesh Nath, Managing Director, VDMA India Services.

Up & Moving

We cater to Delhi NCR, Uttaranchal, UP and Haryana markets

Apart from Volvo and Powerscreen, we would like to add at least one more business having Synergy with our existing range of products in construction and mining segment, says PK Shivpuri, Head - Sales Operations, Alpha Technical Services.

Farm Implements on Fast Growth Track

INDIA ranks second in farm output worldwide. Agriculture and allied sectors like forestry, logging and fishing accounted for 17 per cent of the GDP in 2012. Rising costs and scarcity of manpower

Caterpillar and Tata Capital to join hands

Caterpillar?s Financial Products Division and Tata Capital Financial Services (TCFSL), a wholly owned subsidiary of Tata Capital, have come together to offer customers finance options for purchasing Caterpillar equipment at all its dealership stores.

The contractor has to invest in technology for improved productivity

The government needs to act as a facilitator by strengthening policy initiatives and infusing money into the market. We are hopeful with the new government streamlining the sector things may change in the coming months, says P Ramdas Reddy, Vice President Sales, Vijay Traders.

Caterpillar and Tata Capital to combine forces

Caterpillar?s Financial Products Division and Tata Capital Financial Services (TCFSL) have come together to offer customers finance options for purchasing Cat equipment at all its dealership stores. Through this model, Caterpillar customers will be offered beneficial quotes and credit approval turnaround.

AIAIs 4th Global Economic Summit in September

The 4th edition of the Global Economic Summit on Asia...Powering Global Markets, jointly organised by the All India Association of Industries (AIAI) and World Trade Centre, Mumbai is scheduled from 11-13 September 2014 at the Expo Centre, World Trade Centre Mumbai.

Our efforts have always been to make the most fuel-efficient machines.

The LiuGong excavator provides the highest productivity in its class, with its effortless hydraulic controls and spacious cabin. LiuGong lays lot of emphasis on operator comfort in order to increase operator efficiency. The machine operates at a higher pressure and hydraulic flow which results in better breakout force and faster cycle time, which further leads to better fuel efficiency, says Rohit Punjabi, Assistant Director (Strategy & Planning), LiuGong India. Excerpts of the interview.

ICE financiers and OEMs need to work together in intensifying the dialogue with the government

The growth of the infrastructure and construction equipment (ICE) industry in India is still at a nascent stage. The industry is currently at about $4 billion with volumes in the vicinity of 80,000 units per annum in the organised market.

Indian economy could well bounce back with the initiatives taken by the government

For the last two years, the business of Indian bulk material handling has been riding a very bumpy road filled with potholes in the form dynamic fluid situations, uncertainty, ambiguous status, and other such obstacles.

Mandate for action

The CE sector, for its part, needs to look ahead. Looking back, it would seem, everything possible for a new growth story has been done, put in place. Looking forward is the only way; the pace may be painfully slow but is expected to be steady.

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

We are positive about the near future

There will always be competition regarding rates and credit. Then again, how effectively you will be clear and open to the customer in understanding his needs and matching it with your schemes are key components,

We have to prepare for the future.

We have a Special Interest Group (SIG) in construction and heavy engineering and one of the group?s focus is on talent development, says Samir Yajnik, President - Sales and COO, Asia Pacific, Tata Technologies. Excerpts from the interview.

The kind of service we provide ensures that we get repeat orders

We work closely with our customers and provide the best technology and integral consulting solutions for their projects. Our timely after sales, operation and maintenance services all keep us close to our customers, says Rajeev Kumar, Chief Executive Officer, Friends Equipment.

Our products set a benchmark by way of enhancing safety and fuel efficiency

Our fully integrated and purpose built manufacturing facility at Kolkata delivers state-of-the-art design, manufacturing and product technologies. TIL distribution network offers mobile cranes: industrial cranes, truck- mounted canes, rough terrain cranes, and all terrain cranes, lattice boom crawler cranes, and lorry loaders

Upward and mobile

The requirement for higher capacity mobile cranes with advanced features is growing due to continuous change in heavy lift sizes, besides a growing customer preference for mobile cranes with better safety features and technology.

We offer batching plants with advanced computer controls

We offer a wide range of services like mapping of mechanisation needs, advice on equipment selection, financial assistance jointly with financial institutions, training to technicians and operators, annual maintenance contracts, buy back arrangement to replace with latest technology.

Tough times for C&SE sector

One year ago, to be precise, EQUIPMENT INDIA in its May 2012 issue, came out with a cover story on the growth potential of crushing and screening equipment (C&SE) segment. We interacted with most of the major C&SE manufacturers to get the actual pulse of the industry

The TIL-Astec range delivers best-in-class fuel efficiency

At TIL, our constant endeavour is to be customer-centric, keeping the customer and his needs at the centre while working on our strategy or product plan. This approach has made all our products most competitive in offering total cost of ownership,

Centre to allow 100 per cent stake sale in BOT projects

Infrastructure developer IVRCL is going slow on its proposal to monetise three more build, operate and transfer (BOT) projects in the light of expectations that the Union government will soon take a decision to allow 100 per cent stake sale in BOT projects. It is just a matter of procedure. The decision will come soon as everybody, including the NHAI (National Highways Authority of India), is in favour of it, IVRCL Chairman and Managing Director, E Sudhir Reddy, said.

Bankers' initiative

Following the Finance Minister P Chidambaram's meeting with the public sector banks and state-owned financial institutions chiefs on March 18,

We cater to the entire value chain from procurement to deployment to disposal.

Our pan-India presence and in-depth knowledge of the Indian market make us a preferred player for any equipment manufacturer, (Indian or foreign, who is eyeing the ICE market in India. A proper risk management system, floating interest rate financing and customised offering have been major growth factors for us, says DK Vyas, CEO, Srei BNP Paribas. Excerpts from the interview.

We are already in the process of ramping up our capacity to address increasing demand

Our strong distribution network is instrumental in providing round-the-clock after sales support. As a result, we are building a strong platform of satisfied customers who swear by Terex as their true and trustworthy partner, says Vijay Sharma, Executive Director, Terex Equipment India.

We aim to increase asset size by 65 per cent over the previous year

Fastest response time, large distribution and collection net?work coupled with high risk appetite and complete geographic, customer and asset classes' inclusion gives as an edge over competition in retail segment financing, says Pratap Paode, Chief Executive Officer, SEFC.

We shall nearly double our net profit and increase asset size by 65% this year

We are certainly one of the largest FTU segment financers in the CE industry and nearly 65 per cent of our book holds FTU and small customers. This originates from our parent company's philosophy of empowering small customers and entrepreneurs, says Pratap Paode, Chief Executive Officer, Shriram Equipment Finance Company.

Waiting for action

The infrastructure segment and sales figures for construction equipment have witnessed a major slowdown in 2012. On a calendar year basis, the market has dipped by 10-15 per cent, primarily on account of slowdown in allocation of new contracts, various statutory clearances on execution side, funds flow, governance and environmental issues in mining segment and real estate slowdown.

Liebherr is open to feasible customised solutions...

When it comes to equipment selection, fuel and energy efficient parameters are con?si?dered to be the two major parameters that constitute the operating cost of a machine,

Waiting for the Rejig

The foundation has always been the starting point and the most important part of any project. The foundation industry in India though, is still struggling from lack of attention and want of new projects.

Equipment Financing

The way forward is to intensify the dialogue process with the government authorities at various levels and make them realise that the faulty policies are costing India dear

Our backhoes are highly fuel-efficient, with the unique Smart UC Hydraulics

Terex Backhoes perform faster while digging and loading at lower operating costs, with durability through quality and tech?nology innovation.These products have been developed in India for the Indian market, says Vijay Sharma, Executive Director, Terex Equipment.

Raising the Benchmark of Quality

With over 220,000 sq m of display area and participation of over 630 exhibitors, including 200 foreign companies, Excon 2011 exceeded expectations as the largest exhibition on construction equipment in South Asia.

We are expanding network to be closer to our customers

The complete range of jaw, cone, HSI and VSI crushers offered by the ASTEC Group (Telsmith and KPI-JCI) is available to TIL for exploring the markets in India, says R Nandagopal, Vice President - Equipment & Project Solutions, TIL.

Mobile & Moving Up

Out of the total market for the CE industry, the share of crushing and screening equipment (CSE) is pegged at 13 per cent - that is, US $ 30 billion across 2012-17; what's more, the CSE market is projected to grow at the rate of 15-20 per cent YoY for the next five years.