Best Stories

Search

Centre approves Rs 1,014 cr for road projects in Telangana and AP

The Centre has sanctioned Rs 1,014 crore for various road and highway projects in Telangana and Andhra Pradesh.

HAM has done wonders to the road sector

A look at the transformative shift from traditional EPC contracts to more dynamic frameworks such as Build-Operate-Transfer (BOT) and Hybrid Annuity Models (HAM).

India’s Road Network Boom

India has doubled its road network in the past decade, boosting connectivity and attracting significant interest from infrastructure investment trusts (InvITs).

RAHSTA to submit policy recommendations to NHAI

RAHSTA to submit policy recommendations to NHAI for improving highways.

Financial management a challenge in rental industry

Premier Heavy Lift (PHL) stands as a leading force in the heavy lifts and transportation sector, marked by excellence in quality, safety, and innovative practices under the leadership of Anil Chaudhary, Som Dutt Sharma and Capt Sandeep Anand. Since its inception with merely two cranes, PHL has evolved dramatically, boasting a fleet of over 360 equipment units valued at more than Rs 900 crore. Siddharth Sharma, Director, Premier Heavy Lift, speaks on the current landscape of the construction equipment rental market in India.

Unveiling the Shadows

India is becoming a valuable source for the global market, showcasing cost-effectiveness, quality, and timely delivery.

Transforming Logistics

The India material handling equipment market is poised for significant growth, with expectations to reach substantial market size by 2027.

Truck Rentals Rise in July

Used commercial vehicles showed a healthy YoY growth across all weight categories

Financiers are increasingly interested in RE and sustainable projects

During a recent press conference where India Infrastructure Finance Company Limited (IIFCL) signed an MoU with GuarantCo, Padmanabhan Raja Jaishankar, Chairman of IIFCL, spoke about the company’s focus on renewable energy and other infrastructure segments

Towards a Viksit Bharat @ 2047

Critical aspects of the Indian infrastructure sector such as roads & highways development, railway modernisation and infrastructure financing were discussed at the INFRASTRUCTURE TODAY Conclave: Towards a Viksit Bharat @ 2047

Focus on Infra, Skilling

Experts agree that Budget 2024 aims for more inclusive growth, focusing on job formalisation, agricultural productivity, and MSME support

Tackling Supply and Quality Concerns in CE Rentals

As demand surges, particularly driven by infrastructure developments in regions like Asia-Pacific, stakeholders face pressing issues ranging from availability mismatches to concerns over maintenance standards.

Limited market awareness hinders rental service penetration

Mukesh Sharma, Country Manager, Atlas Copco Specialty Rental Division in India, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.

Indian rental companies are increasingly embracing digitisation

Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.

Sany, Union Bank collaborate to provide financial support to its customer

To provide growth and opportunities across the country along with enhanced financial support to its customers

ACE partners with Bank of Baroda for financing CE range

The Bank of Baroda finance option will be available across the country for ACE customers

AJAX appoints Tuhin Basu as Chief Financial Officer

Ajax Engineering, India’s premier concreting equipment manufacturer, announced the appointment of Tuhin Basu as Chief Financial Officer.

Hardayal Prasad is new MD and CEO of Srei Infra Finance

Srei Infrastructure Finance (SIFL) is a financial institution providing a bouquet of services, which include construction and mining equipment finance, advisory and development solutions and insurance broking.

AI and ML Reshape Pre-Owned Market

In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.

Liebherr tower cranes renovate bridge in Spain

Liebherrâ€™s revenue once again increased significantly compared with the previous year.

AJAX Engineering appoints Tuhin Basu as Chief Financial Officer

Tuhin will be responsible for overseeing all aspects of the company's financial strategy

Hardayal Prasad is new MD and CEO of Srei Infra Finance

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

Highways to Progress

Indiaâ€™s road infrastructure has evolved through innovative public-private partnerships, technological advancements, and sustainability initiatives, driving economic growth and setting global standards.

Road construction leaders launch RAHSTA Expo 2024 in Delhi

14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo - Indiaâ€™s biggest road exhibition - will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.

RAHSTA to showcase cutting-edge road construction tech, says NCC Director

RAHSTA will drive road construction innovation: Sundaresan

Trimble MD champions digital solutions for industry growth at RAHSTA

Vipin Sondhi: Indian infra booms with road construction opportunities

RK Pandey promotes safe road development at RAHSTA launch

RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI

Road construction leaders launch RAHSTA Expo 2024 in Delhi

Liebherr tower cranes renovate bridge in Spain

The company finished the 2023 business year with a record revenue of Euro 14,042 mn.

Hy-Brid Lifts welcomes Eric Liner as new President & CEO

He succeeds Jay Sugar, who successfully led the company for the past three years

Machines Made Smarter

Construction equipment equipped with AI can detect the presence of objects or workers in its vicinity and automatically adjust its operations to ensure safety.

Transforming pre-owned CE industry

In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.

Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

Sustainability and innovation: The key drivers

The construction industry is a major contributor to climate change, so there is a growing demand for eco-friendly construction methods and materials. By combining sustainability and innovation in technology, India can create a world-class infrastructure system that can support its economic growth and social progress, writes VG Sakthikumar, Chairman and Managing Director, Schwing Stetter India.

Sustainability and innovation: The key drivers

In the next three to five years, we plan to double our business

Sanjay Prasad, Managing Director, Liebherr India

Our products are future ready

Amit Bansal, Director Sales & Marketing-BCP Division, Caterpillar India

Forging Ahead in India's Equipment Rental Landscape

Premier Heavy Lift is strategically investing in mega crawler cranes with a lifting capacity exceeding 800 tonne.

Charting growth path for road sector

The 13th India Roads Conference (IRC) â€“ with the theme of "Road Construction Business: Establishing safe, sustainable, inclusive and intelligent road network in Indiaâ€ â€“ explored new opportunities for stakeholders in the road construction business.

Sustainability & innovation key drivers for infra development

The construction equipment industry is pivotal for economic growth

Fleet Management and AI!

Asset management helps to maximise the value of equipment over its lifespan by ensuring that it is properly maintained and used efficiently.

The demand for advanced technologies is growing

Senthil Balamanickam, Chief Executive Officer, Suryabala JCB, speaks on the emerging equipment types that the company foresees in the near future.

Building the Future

The market for wheel loaders is seeing fresh traction due to the buoyancy in road construction activities. Fresh off take of coal due to a surge in thermal power production is adding to the demand.

Gujarat: One-stop destination for CE players

Gujarat Conex 2023, which will be held from September 21-23, 2023 in Gandhinagar, will be a meeting place for major industry players and policymakers to deliberate on furthering infrastructure growth in Gujarat and India.

FIRST Construction Council explains how to unlock value through ESG

With the rise in demand for sustainability, many companies are taking steps to become ESG (environmental, social, and governance) compliant. To delve deeper into the topic, FIRST Construction Council recently hosted a virtual discussion forum on the theme of â€œHow construction companies can unlock value through ESGâ€.

Will the Road construction target be achieved in 2023-24?

The road sector is suffering from immobility! Surprised?

Why is India Buying Bigger Cranes?

Demand for such cranes is spurred by fast-paced infrastructure growth

Govt approves Rs 179.39 bn for UP Capital Investment Projects

The Union government has granted approval for Rs 179.39 billion to be allocated to various capital investment projects under the Special Assistance to States for Capital Investment 2023-24 Scheme for the Uttar Pradesh government.

Castrol reveals new campaign #BadhteRahoAage

Aims to build the importance of business, finance, health, and the role of technology for the trucker community.

BICES 2023: Full steam ahead for preparations

BICES will be held on September 20-23, 2023 in China.

â€œWe got into dealership with JCB for eight districts in Tamil Nadu.â€

Senthil Bala, Chief Executive Officer, Surya Bala JCB, speaks on the current market trends and demands for CE in the regions they represent.

On a high growth path

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

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

On a high growth path

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

Gmmco: A one-stop solution provider

Customers look to Gmmco to offer complete solutions be it new equipment, used equipment, rental, buyback, tailor-made product support solutions, etc.

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.

Chilla Elevated Road gets budget approval for Rs 8.01 bn

The Chilla Elevated Road which has been postponed since 2021 owing to a shortage of funding is finally going to move forward after the allotment of the budget of Rs 8.01 billion.

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.

Technology drives John Deereâ€™s 25-year success in India

Over its 25 years, John Deere has shown significant commitment to investment in manufacturing and product development in India

The Rise of Equipment Rental

The equipment rental market in India is expected to continue its growth trajectory in the coming years, driven by factors such as increasing infrastructure development, rising construction activities, and growing demand for advanced equipment and machinery.

L&T Finance launches Warehouse Receipt Financing

Launch of Warehouse Receipt Financing in a digitally-assisted journey for the first time in India

Technology and Social impact drives John Deereâ€™s 25-year success in India

John Deere continues to innovate, invest, and leverage manufacturing, talent, and Indiaâ€™s supply chain to serve farmers in India and around the world

Progressive Outlook of the Indian CE Industry

Alternative fuels will be a fair play for the future of the CE industry as the Government is also pushing the same for making India self-reliant.

Sustainability at the Forefront

Going forward, product innovations will be at the core of Ammannâ€™s sustainability efforts

SAMIL showcases next-gen phygital auction tech at Auto Expo

SAMIL enlightened clients, potential customers and visitors about its technology-laden bidding platforms

We are keen to showcase our readiness in building the India of tomorrow

BKR Prasad, Head â€“ Marketing & Product Development, Tata Hitachi Construction Machinery, speaks on the key products on display during bauma CONEXPO.

The next 10 years will be an important period for mining in India

Karthik Bala, Mining Regional Manager, Resource Industries Sales, Services and Technology, Caterpillar India, speaks on the companyâ€™s technological offerings for the mining segment.

Up-grading roads!

The road construction industry in India is undergoing a paradigm shift. Robust demand, higher investment and significant policy support in the road construction industry are driving the demand for motor graders in India.

Sany Bharat signs MOU with Union Bank of India

The network of Union Bank will extend equipment finance to customers of Sany Bharat across the country

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

INTERMAT’s first edition in India concludes successfully

The three-day event witnessed a wide range of construction materials on display, an insightful finance conference and launch of new equipment machineries.

There is a huge demand for rental equipment throughout the CEQ category

Sandwiched between the price surge and the infrastructure boom, Vishal Sharma, Business Partner, Reach International, talks about the rental equipment scene in the Indian equipment market

Rent or lease – what’s the best option

Satin Sachdeva provides an ideal model – OEMs should sell equipment to equipment rental companies with the support of financers.

Rent or lease – what’s the best option

Satin Sachdeva provides an ideal model – OEMs should sell equipment to equipment rental companies with the support of financers.

INTERMAT’s first edition in India concludes successfully

The three-day event witnessed a wide range of construction materials on display, an insightful finance conference and launch of new equipment machineries.

Heading towards a new high!

After two years of lull, the excavator market should grow again and reach 25,000 units in 2022.

JCB India, Karnataka Bank tie-up for equipment financing business

The tie up arrangement with JCB India Ltd is expected to boost the lending avenues under the Bank’s MSME portfolio.

L&T named second strongest global engineering and construction brand

Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has been named as the ‘Second Strongest Brand’ among the top 50 Global Engineering and Construction (E&C) companies – by Brand Finance, the world’s leading brand valuation consultancy.

L&T named second strongest global engineering and construction brand

L&T achieved a significant improvement in its brand strength, with its Brand Strength Index (BSI) increasing by 7.1 points, to 83.9 out of 100, with a corresponding rating of AAA.

We are leaders in compaction equipment

Alok Jha, Director – Sales and Marketing, India and SAARC, CASE Construction Equipment, said, “We are elated to participate in the Excon trade fair, which is taking place after a long period of global turmoil. Going forward, we are optimistic that the construction industry in India is entering a sustained demand phase.

We plan to double our production capacity

ACE, one of the largest construction equipment players in the mobile and tower crane segments in India, showcased its upgraded and new backhoe loader models in different engine horsepower categories at Excon along with award-winning products like a special crane for piling, 360-degree slew pick-n-carry crane, and manlift crane.

L&T, Komatsu & Scania showcase Biofuel compatible equipment

Larsen & Toubro, Komatsu India and Scania India have put together an impressive display at Excon 2021 to showcase their technological strengths and service capabilities and reaffirm their strong commitment to sustainability.

We have a positive outlook on future of power transmissions products

We have been participating in Excon, since its sixth edition. Over these editions, we have gathered many a positive experience and have watched this exhibition, mirror the growth of the construction equipment industry in India.

Gmmco: A one-stop solution provider

Established in 1967, Gmmco is part of the $2.8 billion diversified CK Birla Group. Gmmco is a priority Caterpillar dealer for south, central and western India selling mining, construction and energy equipment to customers including CIL, SCCL, and other state-owned enterprises. Gmmco offers a one-stop solution shop for all industrial requirements.

Gmmco: A one-stop solution provider

Gmmco, a part of the $2.8 billion diversified CK Birla Group, has a wide portfolio of construction equipment, including excavators, loaders, motor graders and off-highway trucks. Proven technological leadership, superior build quality, optimum costs and an efficient service network make Caterpillar equipment stand apart from competitors.

Opportunities for 45t class excavators are immense

Rahul Shorey National Head – Construction, Tata Hitachi Construction Machinery Company.

Double-digit growth likely

Excon is a large, popular and established platform for the construction equipment industry in India where corporates, large infrastructure companies, contractors and their subcontractors, project construction professionals and retail customers meet original equipment producers and suppliers.

Chasing Growth!

Despite rising input costs and transition to CEV stage-IV engines, the CE market is expecting a growth of over 11 per cent in 2022-23.

How can manufacturing industry leverage cloud computing

Sachin Nigam highlights four points on how cloud computing can benefit manufacturers.

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.

Sriram of IndusInd Bank: CE finance industry is a competitive marketplace

AG Sriram, Head – Consumer Finance Division, IndusInd Bank, speaks on the current portfolio in relation to construction equipment financing

Vishal Chaudhury appointed MD of CNH Industrial Capital in India

CNH Industrial Capital, the financial services division of CNH Industrial N.V., announces that Vishal Chaudhury has joined as Managing Director of CNH Industrial Capital (India) and will lead its Indian business unit.

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

We plan to move to electric

Customer satisfaction is important in any business. We were in constant touch with our customers by keeping their focus on our business by contacting them and offering solutions.

Chennai Port-Maduravoyal expressway sees revival

All decks have been cleared under PM Gati Shakti to revive the stalled Chennai Port-Maduravoyal Elevated Expressway for boosting Chennai’s infrastructure.The 20.6 km double-decker elevated corridor will be constructed with an estimated cost of Rs 5,770 crore.