Liebherr tower cranes renovate bridge in Spain

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

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.

Revolutionising Construction

Concrete construction has evolved significantly, impacting both equipment choices and operational strategies.

Ferronordic acquires Volvo CE's largest US dealer

Ferronordic, a Volvo Construction Equipment dealer with 28 locations in Germany and Kazakhstan, is expanding into the U.S. market with its purchase of Rudd Equipment Company.

Avoid Tunnel Vision Syndrome

The Uttarkashi Tunnel Collapse signals the risk to our Rs 100 trillion infrastructure investment says PRATAP PADODE

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.

Best Power Equipments marks its 23rd anniversary

BPE products are unique both for monolithic and modular ratings of UPS

RVNL bags NHAI contract for road upgradation in Odisha

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) worth 808.48 crores from the National Highways Authority of India.

FCC discusses opportunities in road asset monetisation

Vikas Sharma of EY, and Vijay Agrawal of Equirus Capital spoke about the latest developments in the area of road asset monetisation.

Eicher drives modernisation in CV industry with future-ready Uptime Services

The company is expanding dealership network and scripting a customer centred experience

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.

Powering up the Earth

The need for earthmoving equipment is expected to increase due to the nation's fast urbanisation and infrastructure development requirements

Komatsu India committed to a future of sustainable growth

The company is targeting to be carbon-neutral by 2050

Escorts Kubota's Q3 standalone profit doubled to Rs 186.4 cr

Revenue from operations was at Rs 2,263.7 crore in quarter ended December 2022 as against Rs 1,971.5 crore in corresponding quarter of the previous fiscal.

Komatsu India committed to a future of sustainable growth

Komatsu is targeting to be carbon-neutral by 2050

“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.

ELGi celebrates 10 years of compressed air excellence in North America

ELGi Equipments, one of the world's leading air-compressor manufacturers, with over 62 years of compressed air excellence, announced that its Charlotte-based subsidiary company ELGi North America is celebrating ten years of its presence in the United States.

Escorts Kubota Q2 standalone net profit at Rs 87.7 cr

Q2 standalone profit before exceptional items and tax at Rs 191.5 cr.

Escorts Kubota Q1 profit at Rs 147.5 cr

Escorts Kubota reported a net profit of Rs 147.5 crore in the quarter ended June 30, 2022, as against a profit of Rs 185.2 crore in the corresponding quarter of the previous fiscal.

Escorts Kubota Q1 profit at Rs 147.5 cr

Construction equipment volumes up by 59.4% at 966 units

The Concrete Advantage!

The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.

ACE secures 40 backhoe loader order from defence sector

Action Construction Equipment (ACE) announced that the company has been awarded a contract to supply 40 backhoe loaders to the Indian defence sector.

Deere board elects new President of construction and CFO

Deere recently announced a few changes to its senior leadership team. Ryan Campbell has been named president of worldwide construction and forestry and power systems.

ACE secures 40 backhoe loader order from defence sector

This order demonstrates its efforts under the 'Make in India' and 'Atma Nirbhar Bharat initiatives of the Government of India.

Elgi Equipments revenue up 31%

Manufacturer of air compressors, Elgi Equipments, said it will take steps to keep costs under control as inflation, war, and political unrest in some geographies threaten to affect demand and margins.

CNH Construction division posts best first quarter in a decade

CNH Industrial’s construction equipment division reported its most profitable first quarter in over a decade

India generates 81% lithium-ion batteries for EVs: Nitin Gadkari

Nitin Gadkari, Minister of Road Transport and Highways told the media that India has been manufacturing 81 per cent of lithium-ion batteries for electric vehicles (EVs) in the country.

Tadano rolls out line of all-terrain cranes

The award was received for Environment, Health and Safety excellence

ACMA seeks uniform 18% GST for all auto components

Auto components industry body ACMA has urged the government for a uniform GST rate of 18 percent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

Goodyear India revenue up 18%

Third quarter profit after tax of Rs 19 crore, down from third quarter last year of 49 crore on higher commodity prices

Snapshot of L&T's Q3FY2021-22 results

Larsen & Toubro Q3 consolidated revenue recorded growth of 11% at Rs 39,563 cr

ACMA seeks uniform 18% GST for all auto components

ACMA has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

New Liebherr MK 88-4.1 heads to Italy

The Italian transport and crane company F.lli Zanoletti S.p.A. is upgrading its fleet with a new Liebherr MK 88-4.1 mobile construction crane.

Counting on diggers

Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.

Concrete proof

Growth is round the corner for concrete equipment as market is projected to cross $1,300 million by 2024, exhibiting a CAGR of 13 per cent because of anticipated growth in the construction industry.

From site to site: The new MK 73-3.1 from Liebherr in action

Short setup times, high-performance lifting – the new Liebherr MK 73-3.1 mobile construction crane proves its worth as a compact taxi crane for everyday construction site use. It can handle multiple jobs in different locations on the same day without any difficulty, and is able to reach construction sites in densely built-up areas with ease.

GR Infra, Tata Projects, Afcons India's fastest growing large construction companies

The companies were awarded at the 19th CONSTRUCTION WORLD Annual Awards.

Arvind K. Garg is EI Person of the Year 2021

Garg was awarded at the 9th Equipment India Awards.

From site to site: The new MK 73-3.1 from Liebherr in action

Compact dimensions make the mobile construction crane the perfect choice for projects in densely built-up areas

Cummins India profit at Rs 171 cr Q1 2021-22

• Total sales for the quarter at Rs 1,167 crore increased by 141% compared to the same quarter last year and declined by 5% compared to the preceding quarter.

Goodyear India income up 131% in Q1FY2022

The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.

Manitowoc to showcase latest Grove mobile cranes at GIS

Between October 7 and 9, Manitowoc will bring the latest additions to the Grove mobile crane range to booth F8-H5 at the GIS exhibition in Piacenza, Italy.

New generation Grove carrier cab debuts in Germany

The first customer in Germany to take delivery of a Grove GMK3060L-1 with the new carrier cab was Arbeitsbühnen Gagarin.

New generation Grove carrier cab debuts in Germany

The first customer in Germany to take delivery of a Grove GMK3060L-1 with the new carrier cab was Arbeitsbühnen Gagarin.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter ended 30 June 2021, registering a y-o-y growth of 38 per cent, attributed to healthy execution of projects despite the second wave of Covid-19 affecting operations at many locations.

SKF declares financial results for Q1 FY22

The Board of Directors of SKF India, India’s leading technology and solutions provider of bearings and units, seals, lubrication, condition monitoring and services, approved the unaudited financial results for the first quarter ended June 30, 2021.

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore

Larsen and Toubro achieved consolidated revenues of Rs 29,335 crore for the quarter

SKF India declares its financial results for Q1 FY22

The revenue from operations of the Company for the period was at Rs 6935.3 million as compared to Rs 3012.4 million in the previous year.

New generation Grove carrier cab debuts in Germany

German rental company Arbeitsbühnen Gagarin is the first Manitowoc customer in Germany to receive a Grove all-terrain crane with the latest carrier cab and is thrilled with both the modern exterior and spacious and ergonomic interior.

Manitowoc to showcase latest Grove mobile cranes at GIS

Manitowoc will be showcasing the latest Grove mobile crane innovations at the eighth edition of the Italian lifting show GIS, taking place October 7-9 in Piacenza, Italy.

India may lose second largest stainless steel producer spot to Indonesia in CY2021: ISSDA

Massive capacity build-up by Chinese stainless-steel companies in Indonesia to become operational this year | Surplus production may be targeted at Indian markets

HIL announces Q4 and FY 2020-21 results

Consolidated EBITDA stood at Rs.114.8 crore despite strains faced due to second wave of COVID-19 in the domestic as well as the overseas market

Jindal Stainless revenue up 36% YoY

JSHL’s sales volume stood at 182,474 tonnes, up by 23% over the corresponding period last year (CPLY).

The new MK 73-3.1 mobile construction crane from Liebherr

Mobile construction cranes are predestined to be used as taxi cranes and, with this in mind, the MK 73-3.1 is also designed for one-man operation.

Moretti Adds Third Grove Allterrain Crane to Fleet

Italian construction company Moretti has added a third Grove all-terrain crane to its fleet, a GMK4100L-1. During the handover, Roberto Zucchi, sales manager at Manitowoc Italy, presented a handover key to Evangelista Zampatti, CEO of Moretti.

Moretti adds third Grove all-terrain crane to fleet

Italian construction company Moretti has added a third Grove all-terrain crane to its fleet, a GMK4100L-1. During the handover, Roberto Zucchi, sales manager at Manitowoc Italy, presented a handover key to Evangelista Zampatti, CEO of Moretti.

Green tax imposition on commercial vehicles in India

Rather than exempting certain type of vehicles out of green tax, like alternate fuels like CNG, ethanol, LPG and vehicles used in farming such as tractor, harvester, tiller, etc. the policy should be driven for all internal combustion engine-based vehicles checking for the pollution levels, writes Prasad Sreeram.

Outlook on CE sector revised to ‘stable’: ICRA

Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020, resulting in +20 per cent YoY growth during July-January 2021 period.

All about vehicle scrappage policy!

CARE Ratings scrutinises the vehicle scrappage policy, which was unveiled by Road Minister Nitin Gadkar in the Lok Sabha recently.

The new MK 73-3.1 mobile construction crane from Liebherr

The new MK 73-3.1 mobile construction crane is the smallest in Liebherr’s mobile construction crane family and complements the crane series comprising the MK 88- 4.1 and MK 140.

Moretti adds third Grove all-terrain crane to fleet

The 100 t capacity four-axle crane offers best-in-class load charts from an extremely compact format.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Versatile trio of Grove all-terrain cranes delivered to German company Neeb

The employees of German company Neeb were happy to receive three new Grove all-terrain cranes during a handover at the Manitowoc factory in Wilhelmshaven in November 2020.

Mahindra Group Appoints Manoj Bhat as Group CFO

Mahindra & Mahindra announced the appointment of Manoj Bhat as the Group Chief Financial Officer with effect from 2nd April 2021. Dr Anish Shah the current Deputy Managing Director and Group CFO of the Mahindra Group will assume the role of Managing Director and Chief Executive Officer from 2nd April 2021. Manoj Bhat will report to Dr. Anish Shah and will be a part of the Group Corporate Office Leadership Team.

Outlook on CE sector revised to ‘Stable’ with sharp volume recovery: ICRA

Two critical demand headwinds in the coming quarters are - the continued limited fiscal bandwidth with State governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022

Versatile trio of Grove all-terrain cranes delivered to Neeb

Versatile trio of Grove all-terrain cranes delivered to Neeb

Mahindra Group appoints Manoj Bhat as group CFO

Mahindra Group appoints Manoj Bhat as group CFO

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Real estate sector seeks Rs 1.25 lakh cr stress fund

The National Real Estate Development Council (NAREDCO), an industry body, is seeking an estimated Rs 125,000 crore via many Housing Finance Corporations (HFCs) and Non-Banking Financial Companies (NBFCs) who they say are ready to establish such stress funds for the ailing real estate sector. According to the body, this will allow for faster sanctions and appraisals.

2021 will be a year of challenges and consolidations

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

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

GDP growth to contract by 20 per cent for Q1FY21: CARE Ratings

Taking cognizance of the adverse impact of the lockdown, CARE Ratings is expecting the real GDP growth at -20 per cent year-on-year (YoY) for Q1 FY21.

German group orders 17 new Grove all-terrain cranes

Germany’s MAXIKraft Group has placed a major order with Manitowoc for 17 new Grove all-terrain cranes, the first six of which were delivered at the end of June

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt retired from his office on June 30, 2020. “Trade fairs are my life,” said the outgoing CEO. “What we have built up together with my team over all those years benefits the company today.

Messe Düsseldorf President & CEO retires

After almost 17 years as a President & CEO – and serving the company for about 34 years – Werner M Dornscheidt will now resign from his office on June 30, 2020

World’s largest concrete paver commissioned

Wirtgen slipform paver SP 1600, the world’s largest concrete slipform paver was commissioned at Patel Infrastructure on February 25, 2020 for the construction of eight-lane Vadodara-Kim Expressway, a part of the Mumbai-New Delhi Expressway.

Tata Motors provides holistic support to transport ecosystem

Tata Motors has been comprehensively supporting the transport ecosystem to ensure all necessary supplies remain uninterrupted and seamless, nationwide

Budget cuts by states to adversely affect construction contractors: ICRA

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

New Opportunities

Upcoming infrastructure projects in metro rail, bridges, railway and irrigation are going to drive the demand for foundation equipment in the coming years, writes Karan Chechi.

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.

Wirtgen Group Machines Construct Yogyakarta Airport

The first plane to land at the new Yogyakarta International Airport (YIA) on the Indonesian island of Java was an A320 from Jakarta.

Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India?s GDP.

4th IPF Industrial Excellence Awards

The recent awards ceremony in Mumbai lauded 19 SMEs from 16 cities.In its 48th year, IPF, India's largest circulated industrial magazine, hosted its 4th IPF Industrial Excellence Awards in Mumbai during which 19 SMEs from 16 Indian cities were honoured for their achievements during the year.

Driving Construction of New Istanbul Airport

The power of the Wirtgen Group is driving the construction of the biggest airport in the world: plants and machines from Wirtgen, V?gele, Hamm and Benninghoven are playing a vital part in the construction of the "New Istanbul Airport".

Medium to long term outlook positive: Wilfried Theissen

The Putzmeister India Managing Director Wilfried Theissen termed the Union Budget 2020 positive on medium to long term outlook, but said challenges remain in the immediate to short term

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.

We look forward to closely interacting with both customers and prospects

Volvo CE strongly focuses on productivity and lowering cost of operations or cost per tonne for customers. A big contributor is fuel efficiency.

CE Market to Bounce Back

Off-Highway Research forecasts that the market for construction equipment (CE) will dip in 2019 but follow an upward trend thereafter during 2020-2023. Samir Bansal elaborates.

Safety for mobile Machines

As mobile machinery becomes increasingly automated, its manufacturers must address the requirements of the European Machinery Directive and the topic of safety technology.

Stephenson Equipment buys NTC55L crane

Stephenson Equipment Inc (SEI), a Harrisburg, Pennsylvania-based National Crane dealer, took delivery of its fourth new NTC55L boom truck at the 2019 International Construction and Utility Exposition (ICUEE).

The Festival is back, Are Festivities back?

The current slowdown is giving a drubbing to the Indian construction equipment (CE) market with the equipment sales diving drastically in the past few months in contrast to what the industry had anticipated during the start of the year.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

Volvo CE speeding up infra developments in India

Volvo Construction Equipment (Volvo CE) is supporting infrastructure growth across India with its range of construction equipment.

L&T Construction bags Navi Mumbai airport contract

The Transportation Infrastructure and Buildings & Factories businesses of L&T Construction have secured a project from the Navi Mumbai International Airport (NMIAPL) for the engineering, procurement and construction

MHE holds enormous growth potential

Despite the relative slowdown in demand in the current fiscal, the market for material handling equipment (MHE) will continue to expand in double digits over the next few years.

Technology Boost for Logistics

With the advent of GST and giving infrastructure status to logistics sector, many logistics companies are investing heavily in warehouse space and infrastructure.

Technology Boost for Logistics

With the advent of GST and giving infrastructure status to logistics sector, many logistics companies are investing heavily in warehouse space and infrastructure.

Mobilising Growth

Setting New Benchmark

Growth in warehousing and logistics sector is picking up with the introduction of GST and infrastructure status to logistics. In this scenario, the warehousing and material handling equipment players are gearing up to meet the emerging demand for advanced equipment.