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Capacite Infraprojects bags Mumbai infra projects worth Rs 5.49 bn
Capacite Infraprojects has secured construction projects in Mumbai worth Rs 5.49 billion, signalling a significant expansion for the company in the city's urban infrastructure landscape.
we expect the market to peak in the next 2-3 years
Prashant Suryawanshi, Managing Director, Manitowoc Cranes Potain India, speaks on the role of safety in using tower cranes.
The D-factor
Where the demand will be coming from for the construction equipment industry?
Concrete Future
Requirement of concrete in construction is expected to increase in the future with a slew of projects in the pipeline in real estate and infrastructure projects.
Vertical Growth
Tower crane market is now on revival path, which was going through a lull period till recently. Going forward, a steady growth of real estate market could see a further momentum in tower cranes.
We expect 50 per cent growth in our numbers by 2020
ACE believes in providing customised solutions specific to the requirements of the clients. Mayank Pundir, Country Head - Tower Cranes, shares more on the current market trends and the industry outlook.
Crushing capacity creation needed
Road Transport and Highways Minister Nitin Gadkari informed in Lok Sabha that projects for constructing 6,320 km of road have been awarded under the first phase of the Bharatmala project, with the financial implication estimated to be Rs 1.44 trillion.
Operator Training: Need of the Hour
These are good times for construction equipment industry. Orders have gone up, thanks to a revival in the economy fuelled by government's affirmative actions to nurse the infra development sector back to health.
Optimising efficiency
With the construction, mining and infrastructure projects are growing faster, there is a growing demand for productive and efficient equipment in various projects. This will boost the demand for technologically superior lubricants to meet the industry needs.
Disruptive Concrete Equipment Technologies Emerging
Off late, there have been numerous disruptive technologies and equipment concepts introduced to Indian markets. Earlier most of these were only available to highly developed countries like USA or European Union where mechanisation and process integration has been of essence, to counter act lack of adequate manpower.
We plan to launch a slew of new products
We are growing at a steady pace. In India, over the next few years the earthmoving and construction equipment (ECE) industry is expected to grow at a tremendous CAGR of 20-25 per cent.
The Earth Movers and Shakers
As a consequence of the excavation activity gaining momentum, earthmovers like front-end loaders, crawler dozers, traxcavators and other earthmoving equipment are registering a CAGR of 15-18 per cent. Since the Indian economy is reviving, these equipment are also finding emerging markets in other sectors as well.
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.
Power Tools Evolving
Efficiency, safety and productivity are the three major factors that drive the demand for power tools infuture. Major players in the industry are engaged in the development and introduction of innovative products
Towering Tall
The real estate and power sectors will show a tremendous growth in the next 2-3 years. As per projections, the tower crane requirement will increase to 30-40 per cent in these two years. Current demand growth for tower cranes is mostly from realty sector.
We are introducing a coal burner to enhance the hot mix plant's fuel efficiency.
The slowdown has made us more focused on servicing existing plants and we have taken on the operation and maintenance of hot mix plants, says VP Mundra, Director, Basic Engineering Equipment. Excerpts from the interview.