Schneider Electric expands Bengaluru presence

Schneider Electric India, a subsidiary of the French multinational, has leased approximately 048 mn sq ft of office space in Bengaluru's Outer Ring Road (ORR) area from Bagmane, a real estate developer.

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.

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.

Madhya Pradesh invites tenders for auctioning 51 mineral blocks

In an effort to enhance India's self-reliance in strategic resources, the government of Madhya Pradesh has issued a notice inviting tenders (NIT) for the auction of 51 mineral blocks.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

Our solutions increase efficiency reduce carbon footprint

Manojit Acharya, Managing Director, Jungheinrich India, speaks on the company’s approach towards environmental sustainability.

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.

Soaring high!

Demand for construction hoists in India is expected to continue growing, as the country invests in infrastructure projects and the construction of commercial and residential buildings continues to expand.

India eyes overseas copper, lithium mines to meet domestic shortfall

India is exploring ways to secure supplies of metals such as copper and lithium from some of the world's top producers by acquiring overseas mines as part of efforts to meet rising domestic demand government sources said.

Lt Gen Harpal Singh & Awanish Awasthi bag top honours at 20th CW Awards

An evening extravaganza, CONSTRUCTION WORLD Global Awards, in its 20th Edition, concluded in great success in Mumbai on October 14th at ITC Grand Central, Parel.

Indian Army’s Lt Gen Harpal Singh & Awanish Awasthi, Advisor, Chief Minister UP, bag top honours at 20th Construction World Global Awards

Indian Army’s Lt Gen Harpal Singh & Awanish Awasthi, Advisor, Chief Minister UP, bag top honours at 20th Construction World Global Awards

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.

Lifting up!

The hoist market is expected to grow at a CAGR of up to 7.3 per cent till 2025.

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.

infra demand boosts rental market

Rental is the future. Infrastructure stimulus measures and pent-up demand in the Indian market suggest growth ahead for equipment rental firms.

Indore development body nods Rs 1,207 cr for town planning projects

The Board of Indore Development Authority (IDA) approved infrastructure development works of Rs 1,207.39 crore of five Town Planning Scheme (TPS) projects proposed over 1,700 acres.

Towering up

Crawler cranes are expected to see a surge in demand with the spurt in infrastructure development projects.

Latest drive tech for Vögele SUPER 1400i paver

The SUPER 1400i Universal Class paver is the first Vögele paver in the world to be fitted with an engine from the group’s parent company, John Deere, and as a result, the first to meet the more stringent CEV Stage IV emission standards.

RLDA invites e-bids for leasing two land parcels for commercial development

The Rail Land Development Authority (RLDA) has floated a Request for Proposal (RFP) for leasing two vacant land parcels at Jaisalmer and Ajmer, Rajasthan.

RLDA invites e-bids for leasing two land parcels for commercial development at Rajasthan

These land parcels span across 31722.30 sq. m and 8960.00 sq. m. and are located at Jaisalmer and Ajmer, respectively

India delivers 1st batch of heavy cranes to bolster operations at Chabahar port

India has delivered a consignment of heavy equipment, including cranes, for further development of Iran’s Chabahar port, signalling New Delhi’s commitment to the strategic connectivity project that can provide access to markets in Central Asia

Structural reforms in mining sector to realise its true potential: Pralhad Joshi

The proposed changes in mining sector to increase private sector participation

WOLFFKRAN invests in new location in Elsau, Switzerland

WOLFFKRAN Schweiz AG conducted a groundbreaking ceremony for the construction of its new headquarters.

Towards better Mining

The measures announced by the government for mining industry are expected to have a positive impact in the coming years.

Coal Ministry initiatives to improve mining efficiency

The Coal Ministry has taken initiatives to re-visit old laws with an aim to improve efficiency, ease of doing business and to open up coal sector

Digital Disruptions in Construction Rentals

Digital disruption is pushing customers and contractors to move from asset ownership towards a lease or rental model, writes Anant Raj Kanoria.

Co-lending and leasing becomes the key tool this year

Srei Equipment Finance offers innovative financing solutions to equipment purchasers, even those new to the Indian equipment financing market.

Infrastructure push drives CE demand

With the government is pushing for more infrastructure development in the country, construction equipment market will see demand growth in future.

Optimum Equipment Utilisation

Use of suitable equipment with matching features at projects with minimum operating and maintenance cost will help in achieving optimum utilisation of construction equipment.

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

Dock houses save space

Are you planning to extend your facility? And are you looking for a cost-efficient way of realising this extension? A dock house is an alternative that offers you economy and many advantages.

Mining Needs a Leg-up

For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.

Banking on Coal Mining

While coal mining and quarrying will drive the growth of mining equipment, other mining segments will see a relatively lower growth demand for mining equipment. Pavethra Ponniah, elaborates more on the market trend.

Transition to underground mining is around the corner

In the near future, there will be hardly any deposits left near surface and hence the underground operation shall become more prominent.

Mobilising Growth

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.

Infra Growth to Drive Demand

Rising industrial activity, coupled with the uptick in construction and an anticipated demand in mining sector is expected to drive the demand of tipper trucks in the coming years.

Snow Management Made Simple

Gleason Johndrow Landscaping and Snow Management chose 12 SDLG wheel loaders for its snow removal needs, noting the value proposition of the machines and SDLG's retail snow program.

Schwing Stetter India signs MoU with Tamil Nadu Government

Schwing Stetter India signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government during the Global Investors Meet 2019 held in Chennai on January 23 and 24, 2019.

GMR to build greenfield commercial port near Kakinada

GMR Kakinada Gateway Port, part of GMR Group, has held a ground-breaking ceremony for its greenfield commercial port near Kakinada in Andhra Pradesh (AP).

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.

Innovation to drive the future

When it comes to construction and mining machinery, hydraulics is the major source of power to the heavy-duty operations at extreme conditions. The hydraulics industry is making major strides in the efficiency and performance of its products.

Looking for a Turnaround

Potain MCH 125 debuts in Thailand

The first Potain MCH 125 in Thailand is put to lifting duties for Thai Obayashi on the Samyan Mitrtown mixed-use development in Bangkok.

Aggregate Boom,Policy Gloom

Crushers and screens market is poised for a demand boom with the focus slowly shifting towards higher capacity machines to meet the growing demand for aggregates.

Equipment finance sector to grow at 19 per cent CAGR

We are the leading financiers in the construction, mining, and allied equipment (CME) sector in India for fiscal 2017 (Source: Feedback Analysis). This sector primarily consists of equipment used for earthmoving and mining, concreting, road building, material handling, material processing and allied activities.

Mahindra Logistics opens its largest multi-user facility near Pune

Embassy Industrial Parks, a joint venture between Embassy Group, India?s leading property developer and Warburg Pincus, a leading global private equity player, has signed Mahindra Logistics, one of the leading 3PL logistics firms in the country, as its client in their project based in Chakan, Pune.

Every third piece of equipment is financed by us

Overall, we see growth coming from earthmoving, road, and material handling equipment categories. More than 60 per cent of the equipment comprises earthmoving equipment (backhoe loaders, hydraulic excavators, wheel loader, etc).

Budget Boost

Budget 2018-19 rang in on 1st February for the second consecutive year in history. The budgetary expenditure on infrastructure for 2018-19 is being enhanced by Rs 1 lakh crore to Rs 5.97 lakh crore against an estimated expenditure of Rs 4.94 lakh crore in 2017-18.

Centre directs states to begin auction of non-captive mines

The Central Government has asked the states to begin auction of 348 non-captive mining leases that are expiring in 2020. This shall provide enough time to the successful bidders to seek necessary clearances before commencing operations.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

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.

Western Coalfields to expand Ghonsa mine

The Coal India subsidiary, Western Coalfields Ltd (WCL) has received clearance from the Union Environment Ministry for expanding production capacity of its Ghonsa open cast mine in Maharashtra at a cost of over Rs 102 crore.The expansion will enable the company to increase the capacity to 0.60 million tonnes per annum (mtpa) from 0.45 mtpa with an increase in mine lease area to 278.68 hectare from 128.79 hectare.

INFRA INFRA INFRA

The growth of the infrastructure industry is expected to drive the global construction equipment market. Sounds familiar? Global experts believe that this increase can be attributed to upcoming construction projects around the globe, primarily in developing nations.

Driving Technology

Customers in India have always been divided between the ones who chose traditional, proven, 'will work for sure' products and the ones who want products that are forward-looking, path-breaking, or simply ahead of its time.

280 mines for auction in FY?18

Government has chalked out a plan to put as many as 280 mines with a mineral wealth of over Rs 10 lakh crore to auction in the next fiscal. According to Mines Secretary Balvinder Kumar, soon the drone technology will be used for preparing topography maps and inspection of mines.

L&T plans training centre in Nagpur

L&T Construction will develop a skill development training centre on the Nagpur Municipal Corporation?s abandoned school land at Babulban in East Nagpur. The corporation?s standing committee in a meeting has approved the proposal to lease out 75,000 sq ft land to L&T Construction for 30 years.

Grove helps German firm

German firm Autokrane Schares used its Grove GMK5250L all terrain crane in downtown Dortmund during the construction of a new building that leases storage boxes. Schares chose to use the five-axle crane for its manoeuvrability, as the job site had a tight entrance road and limited space in which to park the crane.

L&T training centre in Nagpur

L&T Construction will develop a skill development training centre on the Nagpur Municipal Corporation?s abandoned school land at Babulban in East Nagpur.

L and T Construction to develop training centre in Nagpur

According to reports, L&T Construction will develop a skill development training centre on the Nagpur Municipal Corporation?s abandoned school land at Babulban in East Nagpur.

Srei launches online platform iQuippo

Srei Group has launched iQuippo.com, a digital marketplace for online sale and leasing of construction and mining equipment. The new intiative will be an online platform similar to the popular ones like Amazon and Flipkart, but the first-of-its-kind for sale and lease of heavy machinery, according to the company.

Equipment buyers, whether small or large businesses, are making a bee line for quality and cost-effective equipment

Ritchie Bros is eager to help people in India sell and buy the equipment they need through the efficient and powerful channels we offer. Eduard Faig, Regional Sales Manager - Middle East, Africa and India, Ritchie Brothers, UAE, shares more on the company?s activities and industry focus.

Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

Indian Mining Poised to Boom

Srei launches online platform for construction equipment

Srei Group has launched iQuippo.com, a digital marketplace for online sale and leasing of construction and mining equipment. The new intiative will be an online platform similar to the popular ones like Amazon and Flipkart, but the first-of-its-kind for sale and lease of heavy machinery, according to the company.

120t Sennebogen at Gollwitzer project

The Gollwitzer Company has added a 120 tonne capacity Sennebogen telescopic crawler crane to its fleet which is now on job at the construction of a 90-m storm water reservoir in Neumarkt, Germany.

Soaring SkyWARDS

Nalco bags Pottangi mines

National Aluminium Company (Nalco)has bagged the Pottangi mines in Odisha?s Koraput district.

Hard taskmaster

Neeraj Bhatia, Strategic Business Unit Head at Eimco Elecon (I) Ltd, is an alumnus of Punjab Engineering College, Chandigarh, with a Post Graduation Degree in Management from Punjabi University, Patiala.

Compact Road Equipment Market to Grow

Developmental work in the North-East and far-flung rural areas will drive a robust growth of road building equipment, with a twist - the market for smaller-sized equipment to suit applications and delivery logistics requirements will be the gainer.

Backhoe Loaders Get a Rural Boost

Gone were the days when the backhoe loader market was exploding in all facets of India?s infrastructure development. All recognised suppliers were registering negative to flat trajectory growth since FY 2011.

Differential rates of RTO tax and entry tax a challenge

Large number of heavy cranes has entered the market. Companies like Reliance have purchased their own cranes. As such rental would be very difficult when infrastructure development commences within next six to nine months.

Craning for Opportunities

From a global perspective, the equipment rental industry in India is in its nascent stage. Currently, the average off take for rental is 7-8 per cent of the annual equipment production in India as against up to 80 per cent in developed countries like UK, South Korea and others.

First Potain MCT Crane in Karnataka

Crane rental company Everest Construction Equipment debuted the first Potain MCT 85 crane in Karnataka, where it was leased for the construction of a 27-story residential project called Mangalore Bhandary Heights.

Make In India Week

Over 8,000 Indian industry leaders and 13 Union Ministers attended the event. Seventeen state exhibitions and several country pavilions have been built at the centre. The country pavilions include exhibitions from Sweden, Germany and South Korea.

On Course for Success

Bright prospects lie ahead for dumpers, but cost-effective conveyors may pose serious competition in the future, finds Charu Bahri. Industry voices affirm a turnaround has happened in the off highway dumper segment

Mines Ministry for alteration in law

The mines ministry has proposed an amendment to the Mines and Minerals Development and Regulation Act 2015 to allow transfer of leases of mines allotted for captive purpose.

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

Liebherr 710 HC-L luffing crane starts at New York City

The first Liebherr luffing crane 710 HC-L 32/64 Litronic has recently been erected on the MoMA Tower jobsite in New York City (USA) and just started its work. Together with a second 710 HC L, that will be delivered mid 2016, the two tower cranes help to build the 76 story building in Midtown Manhattan.

Rental market can grow by at least 20 per cent in the next 3-4 years

Ajashy Engineering Sales launched Maquina, first of its kind equipment management portal in Asia at the recently concluded Excon 2015. Amit Nagpal, Director, Ajashy Engineering Sales, elaborates on the benefits of this platform for equipment

We are keen to have machines with reputed past and best technology

We conduct enough field tests and other evaluations of the equipment before going full fledged introduction, says SP Rajan, Head - P&M RREC, L&T Construction

Acquisition cost of equipment is a prime factor considered by procurement.

We seek guarantee from the manufacturer for breakdown attendance and for the availability of the machine for operation, says BB Mishra, Head - Procurement TIIC, L&T Construction.

Volvo Financial Services launched in India

Volvo Financial Services announced the launch of its operations in India. The Volvo Financial Services offering strengthens the Volvo Group?s ability to provide a competitive and total one-stop shop solution of equipment, loans, leases, insurance, maintenance, and other aftermarket services, to customers and dealers of the Volvo Group and VE Commercial Vehicles (VECV) in India.

Good aftermarket culture is the most important credential

We get details and guidance about equipment application from our Director and we explore the options. Equipment category and application wise we have certain brand preferences, but we compare and evaluate with other alternatives also.

Spanish Quest for Reconstruction

During a short tour of Spain, Shankar Srivastava finds the Spanish quest for reconstruction. ANMOPYC, the Spanish Manufacturers Association of construction, Mining and Recycling Equipment

This year our target is to launch tunnel boring machines

We are involved in the sales and service of construction equipment and spare parts from for leading Chinese equipment manufacturers; - Zoomlion for truck-mounted cranes and crawler cranes, and Sichuan Construction Equipment for big capacity tower cranes.

Differential rates of RTO tax and entry tax is a major challenge

There are no trained or licensed operators. It is a lacuna and we have approached the MOT Nitin Gadkari?s office but they do understand our requirement of Operator License.

Craning for Opportunities

Despite a prolonged dip in demand for the last three years the power sector, especially wind mills and renewed focus on infrastructure, and core sectors like cement and steel are expected to drive the demand for heavy duty cranes.

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.

Wheel loaders - Optimising Productivity

Cycle time is a critical success factor in all bulk handling applications. Ramifications of high cycle time even extend to bulk handlers securing business. Wheel loaders are extensively used bulk handling tools wherein high productivity is of essence.

Atlantic Coal orders Komatsu excavators

Atlantic Coal has ordered more hydraulic excavators for its Stockton Mine in Pennsylvania, US, following delivery of a Komatsu Model PC3000 to the site.

Ready for Long Haulage

COMMERCIAL vehicle industry experienced one of the worst and the longest spell of recessions during last three years. However, the good news is that it is reviving now. The heavy-duty (HD) trucks industry hit the peak level in 2011 with a sales of 241,000 and it dropped to 130,000 in 2013.

Allcargo, Scania join hands

Allcargo Logistics has signed an agreement with Scania, headquartered in Sweden. As per the agreement, Allcargo will be utilising the world-class trailers on operating lease from Scania.

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

Kobelco Cranes signs MoU

Kobelco Cranes India, the Indian arm of the Japanese crane manufacturer Kobelco Cranes, signed a memorandum of understanding for expanding the existing production unit at Sri City.

Kobelco Cranes signs MoU

Kobelco Cranes India, the Indian arm of the Japanese crane manufacturer Kobelco Cranes signed a memorandum of understanding for expanding the existing production unit at Sri City.

Up & Moving

OEMs should introduce more fuel-efficient engines

It is a challenge to get and sustain drivers, and more difficult to get highly skilled drivers. Having skilled drivers are advantageous as it helps save fuel and reduce accidents.