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.

No Bumps in the Road

India has been investing significantly in infrastructure development, including the construction of roads, highways, and expressways. This investment has driven the demand for road construction equipment.

CASE’s skill development initiative recognised

CASE Construction Equipment has been recognised by the 10th National CSR Times Award 2023 for its initiatives in India.

CASE’s skill development initiative recognised

Received Silver Award at the CSR Times Awards

CASE’s skill development initiative recognised

Received Silver Award at the CSR Times Awards

Tata Motors, SBI sign MoU to offer financing solutions for Ace EV

Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle.

Tata Motors, SBI sign MoU to offer financing solutions for Ace EV

The partnership will introduce easy loan-structured schemes for the purchase of the all-new Tata Ace EV

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

L&T ships special construction equipment to BRO for strategic needs

L&T Construction Equipment (LTCEL) has dispatched the first batch of 25 special variant wheel loaders that are suitable for operation in harsh terrains – high altitudes and extreme weather conditions to the Border Roads Organisation (BRO), an organisation engaged in serving strategic requirements of the nation.

Equipment manufacturers lead IoT mining revolution

Industrial Internet of Things (IIoT) technologies that can seamlessly connect vehicles, machinery and personnel in even the world’s deepest mines promise a new era of safety, productivity and profitability for underground mining.

L&T ships special construction equipment to BRO for strategic needs

The special wheel loaders operate in temperatures between minus 20 degrees and 50 degrees.

Loaded with opportunities

The wheel loader market is estimated to be valued at over $23.74 billion by 2030. It is anticipated to reach a CAGR of over 8.9 per cent during the forecast period from 2022 to 2030.

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.

Sajjan Jindal is CW Man of the Year - Private Sector

Jindal was awarded at the 19th CONSTRUCTION WORLD Annual Awards.

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

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

BRO Lt Gen Rajeev Chaudhry is CW Man of the Year - Public Sector

Lt Gen Chaudhry was awarded at the 19th CONSTRUCTION WORLD Annual Awards.

Welspun, PSP, Ahluwalia bag honours as fastest construction companies in under ?2k cr

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

APCO, DRAIPL, HG Infra bag honours as fastest growing construction companies

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

Unlocking the mining potential

The future of the Indian mining equipment market looks good with opportunities in underground mining and surface mining.

Amit Banerjee takes charge as CMD of BEML

Banerjee is a graduate in Mechanical Engineering from IIT (BHU), Varanasi. He joined as Asst Engineer and has a vast experience of over 37 years in R&D and manufacturing functions.

L&T bags order for Titanium Clad Oxidation Reactor from Technip Energies

The company develops indigenous technology for the critical equipment

BEML records highest ever turnover

Defence public sector undertaking, BEML recorded its highest ever turnover of Rs 3,557 crore for the FY 2020-21 against the previous year turnover of Rs 3,029 crore, a growth of 17%.

BEML rolls out mechanical minefield marking equipment

BEML Limited, one of the leading public sectors under Ministry of Defence, GoI, has rolled out the first prototype of Mechanical Minefield Marking Equipment Mk-II, built on BEML TATRA 6x6 an ‘Atmanirbhar’ product, developed through TOT from R&D E Engineers, DRDO.

BEML rolls out mechanical minefield marking equipment

BEML, one of the leading public sectors under Ministry of Defence, GoI, has rolled out the first prototype of Mechanical minefield marking equipment Mk-II, built on BEML TATRA 6x6 an ‘Atmanirbhar’ product, developed through TOT from R&D E Engineers, DRDO.

Numaligarh Refinery to use Honeywell tech to produce cleaner-burning diesel

Honeywell announced Numaligarh Refinery (NRL), a public sector undertaking under the Indian Ministry of Petroleum and Natural Gas, will use UOP technology to produce cleaner-burning diesel fuel in compliance with India’s BS-VI emission standards and increase crude oil conversion.

CE sector secures jobs in a difficult environment

Globally, sales of construction machinery fell by three per cent in 2020, but the Chinese market grew by 30 per cent, so the global market excluding China actually slowed by 17 per cent.

Tata Motors, SBI join hands to offer financial solutions to CV customers

Tata Motors, India’s largest commercial vehicle manufacturer, has inked a three-year MoU with the State Bank of India (SBI), the country’s leading public sector bank, to offer unique financial assistance for the purchase of Tata Motors’ range of small and light commercial vehicles

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.

BEML CMD: Five factors that will boost demand for CE

Earthmoving segment is expected to continue its dominance in the near future, Rajasekhar says

CE sector secures jobs in a difficult environment

Last year, the industry turnover of construction machinery from German production was 10.5 billion euros. This corresponds to a minus of 17 per cent compared to the high level in 2019.

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.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

ICF 2020: A Virtual Construction Extravaganza

Just when the 2020 financial year was coming to a close, it was hit by the COVID-19 pandemic. While the industry was already battling issues such as a liquidity crunch, rising bad loans, slowdown in capex, project delays and insolvencies, among others, the last quarter witnessed growth in the negative territory for most businesses. However, despite obstacles and uncertainties being at their peak, a few entities managed to persevere and prevail, posting growth and exhibiting excellence.

Seeking Light at, the End of the Tunnel!

Prime Minister Narendra Modi is all set to inaugurate the world’s longest railway tunnel above 10,000 feet height on October 3. The Atal Tunnel is being completed at the most difficult time of coronavirus pandemic.

EQUIPMENT INDIA Awards 2020 to be held online

In the prevailing pandemic conditions, The 8th Annual EQUIPMENT INDIA Awards will be held virtually on October 15, 2020

Towards ‘Atmanirbhar Bharat’: BEML adds new products

BEML has introduced a range of mining and defence equipment developed indigenously and opened new Industrial Design Centre.

MSMEs hold key in India’s economic revival: NRI report

The latest report by Nomura Research Institute (NRI) Consulting & Solutions India highlights the role of MSMEs in the revival of Indian economy, and the need for adequate support

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

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.

Stepping up Skill Development

The Infrastructure Equipment Skill Council is partnering with the key stakeholders in the construction equipment industry and state governments to strengthen the skill development initiatives in the construction equipment sector.

Srei Equipment Finance, UCO Bank announce strategic alliance

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India's premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

Make in Steel 2020

Given the long-term pipeline of infrastructure projects in India, the growth opportunity for the country's steel sector is immense.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

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.

Managing Complexities in Himalayas

HCC rescued a tunnel boring machine (TBM) stuck in Himalayas, refurbished and put back into operation to construct a head race tunnel for an NTPC hydro power project.

17th CONSTRUCTION WORLD Global Awards 2019

With 50 winners from India and across the globe, and over 300 attendees, industry stalwarts came together to celebrate victory.

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.

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.

ICRA revises outlook on CE sales negative

Industry volumes have contracted by 16 per cent in the key product categories of backhoe loaders, excavators and wheeled loaders.

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.

ICRA sees negative outlook on CE sales

Following a sharp correction in unit sales amidst slowing economic growth and infrastructure investments, both by the public and private sector; and tight liquidity environment, ICRA has revised the outlook on the construction equipment (CE) sector to negative.

Govt to auction 27 coal mines

The Ministry of Coal has begun the process of auction of 27 coal mines and allotment of 15 blocks to public sector undertakings.

Digital job-site documentation

The new software-based application for road construction, WITOS Paving Docu allows paving data and delivery notes to be recorded and automates the sending of job-site reports. It is a practical, easy-to-use solution for small and medium-sized construction projects.

Srei Equipment Finance and Bank of Baroda in strategic alliance

Srei Equipment Finance (SEFL), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and Bank of Baroda, India?s second largest public sector bank, announced a strategic alliance to offer joint loans for infrastructure equipment under a co-lending arrangement.

Indian CE Market Overview

The market for construction equipment will follow an upward trend in the next five years.,

BEML flags off nation?s first 150T electric dump truck

BEML Ltd, a public sector company under the Ministry of Defence and a premier manufacturer of mining and construction equipment, has launched an indigenously developed nation?s first 150T electric drive rear dump truck, with an objective of strengthening the Make in India initiative, that will address the growing demand for higher capacity equipment in the mining industry.

L&T opens service centre in Singrauli

L&T Construction & Mining Machinery has set up a new Service Centre in Singrauli, the heartland of India's coal industry.

3D Smart Camera

The new 3D smart camera from ifm electronic designed for mobile applications is the first 3D sensor system with integrated additional 2D camera. The overlay function allows to show obstacles and display warnings, symbols and even complex drawings in real time.

Govt to allot 9 coal blocks to PSUs

The government has invited applications from state-run companies for allotment of nine coal mines for captive power generation and commercial use.

L&T opens service centre in Singrauli

L&T Construction & Mining Machinery has set up a new Service Centre in Singrauli, the heartland of India?s coal industry. The new facility was inaugurated by Arvind K Garg, Executive Vice-President & Head, Construction & Mining Machinery Business, Larsen & Toubro in the presence of a galaxy of top customers from public sector and private companies.

Indian CE Market: AN Overview

Strong domestic demand generated by ongoing infrastructure development projects resulted in the construction equipment market rising to an all-time high of 72,197 units in 2011.

Infrastructure on fast track

The Indian infrastructure sector is not slowing down anytime soon, given the government initiatives and market demand. This makes it a feasible environment for the growth of construction equipment, writes Andy Dhanaraj, Director - Sales, Caterpillar India.

Cochin Shipyard raises funds for its expansion projects

Cochin Shipyard Ltd (CSL) under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange recently. The company has raised Rs 1,442 crore from the IPO. The proceeds of the fresh issue part of the IPO, totalling approximately Rs 961 crore will be used by CSL for part funding two expansion projects costing Rs 2,800 crore.

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.

We are in tune with the value sensitivity of Indian customer

Our market is highly correlated to overall infrastructure development which is seeing considerable improvement in the overall ecosystem, from bidding procedures to financing, public sector fund allocations and so forth.

MTU engines to be assembled in India

Rolls Royce and Garden Reach Shipbuilders & Engineers Ltd (GRSE) have agreed for the final assembly of MTU Series 4000 engines in India. The 12V and 16V 4000 M90 type engines will be assembled in GRSE?s diesel engine plant in Ranchi. An option for the local production of parts in the future was also agreed.

Excon 2017 to attract over 1,000 exhibitors

The 9th edition of Excon, India's premier and South Asia's largest construction equipment and construction technology trade fair, which will take place in Bengaluru during December 12-16, 2017, is expected to attract more than 1,000 exhibitors, including around 300 companies from abroad

BEML bags PSU award

BEML has been bestowed with Hindustan PSU Award under the category of ?Fastest Growing Organisation ? Miniratna.? The award was presented by Nitin Gadkari, Union Minister for Road Transport & Highways and Shipping, in the presence of Piyush Goel, Union Minister of State for Power, Dharmendra Pradhan, Minister of State for Petroleum, and Manoj Sinha, Minister of State for Railways & Communication. Umesh Chandra, Executive Director, BEML has received the award on behalf of the company.

Centre plans dedicated fund for infra finance

The Union Government is planning to set up a dedicated fund of Rs 10,000 crore for financing infrastructure projects in the country. The fund ? through ?unconditional and irrevocable partial credit guarantee? ? will help enhance the credit rating of bonds issued by infrastructure firms so that they, in turn, can attract long-term investments especially from global insurance, pension and sovereign wealth funds.

?Education on today?s market is a major factor for awareness about solutions

India is a dynamic and capable market that grows at high speed and it will be one the leading and profitable economies in the future. Things are changing rapidly and a lot of interesting things are happening in the downstream level, with the public sector investments and the efforts the new government has put in.

NMDC, Midhani join hands for tungsten ore mining

The public sector iron ore mining major NMDC Ltd has signed an agreement with Mishra Dhatu Nigam Ltd (Midhani), a specialist in developing metals and alloys, to work on tungsten ore mining and processing for use in strategic defence areas.

Indian Mining Poised to Boom

Liquidity Boost in Construction Significant for CE

Liquidity boost for construction sector will be the right trigger for equipment industry. Mahesh Singhi elaborates. The construction industry is crucial to the national GDP as it contributes 8 per cent and is the second largest earner of FDI

Imparting Versatility

Use of job-centric attachments converts conventional construction equipment into multipurpose machines, making them more productive, thereby ensuring better utilisation and job site economy. As rightly mentioned by industry veteran, Vipin Sondhi, Managing Director, JCB India Ltd, ?India is a country where jugaad is a way of life for providing engineered solutions for achieving desired objectives which are seemingly impossible many a time.

ECA is the major risk taker under the loan

KfW has three different arms under which international financings are being carried out. These are KfW Development Bank, DEG and KfW IPEX-Bank. The ECA business is wholly taken care of by KfW IPEX-Bank which stands for international projects and export financings.

Container Handling: Future?s Bright

Advancing Productivity in Mining

ExxonMobil shares its perspective on how solutions-oriented lubrication programme can play an important role in ?Advancing Productivity? in mining operations. Participating at the 18th National Lubricating Grease Institute (NLGI)

India, Czech Republic ink bilateral cooperation treaty

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has been apprised of the protocol signed earlier between India and Czech Republic in the field of heavy industry, especially in industrial cooperation and facilities construction.

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

Availability and utilisation achieved are key performance indicators for large mining equipment.

We have seen increase in enquires for large mining equipment segment in India in the last six months. Public Sector Units (PSUs) contribute to most of the increase in enquiry. From private miners, contractors or mine developer-operators (MDOs)

CE Hydraulic Cylinders - Bright Future Ahead

On ground demand of construction equipment (CE) spurs the requirement of hydraulic cylinders for various essential applications by the OEMs. EQUIPMENT INDIA zeroes in on this segment to develop granular market insights.

An expert in concrete equipment

Rajesh Kawoor, a Mechanical Engineer by profession, carries with him a vast experience of 28 years.

BEML establishes office at Leh

BEML has opened its district office at Leh. The office was inaugurated by Brig. BS Sandhu, Chief Engineer, Himank Project of DGBR.

A true mining professional

Anil Sachdev is the President, Equipment Division, Salgaocar Engineers Pvt Ltd (SEPL). A mining engineer by profession, Sachdev has appeared and passed the First Class Manager?s Certificate conducted by Director General of Mines Safety (DGMS), Dhanbad (Bihar).

Daimler India at Hannover Fair

Daimler India Commercial Vehicles (DICV), a 100 per cent wholly owned subsidiary of Daimler AG, participated at the 5-day (April 13-17, 2015) Hannover Fair

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.

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.

For India, the risks and rewards are great

Looking at the infrastructure industry, a main driver behind construction equipment, India is ranked 7th in terms of risk vs reward, says Benjamin Duyck, Market Intelligence Analyst, Association of Equipment Manufacturers (AEM).

Nothing Beats An ACE

ACE is a dominant player in the cranes market having introduced innovative crane solutions/products from time to time. ?The growth of the Indian construction equipment (CE) industry is dependent on three factors

Movers & shakers

Achieving Cost Efficiency

Cost efficiency is not only achieved through cleaner engines, but also through optimising the man-machine interface with a variety of machine control technologies, 'correcting' the usage patterns, and packaging solutions that take care of clients' business needs around project costs.

Standing tall

Rajesh Kawoor, a Mechanical Engineer with specialisation in International Trade, has 27 years of experience in construction and mining equipment industry. He has taken up many challenging assignments in his career span of 27 years but the most challenging was to set up a firm base for one of the internationally renowned construction equipment manufacturer. He was instrumental in initiating business in India and responsible for development of infrastructure and establishment including the setting

German companies are planning more investments in India.

German investors are taking a positive long-term view of Indian market and continue to invest in their operations to tap growth opportunities. Maharashtra, with around 39 per cent share of German investments, remains the most attractive destination, says Rajesh Nath, Managing Director, VDMA India. Excerpts from the interview.

Realising the mining potential

CIL needs to mine 150 mt in Q4 to meet target

To meet its full year target, Coal India (CIL) will have to work fast to mine more than 150 million tonne in the fourth quarter of 2012-13. In the first three quarters (April-December 2012), the public sector company mined 308.89 million tonne.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

Govt to up steel demand in rural areas

To increase the demand of steel in rural areas and to boost steel consumption, the Union Minister of Steel, Beni Prasad Verma has been stressing on the need for setting up Steel Processing Units (SPUs). The effort aimed at bridging the disparity between the national consumption of 60 kg of steel per man per year and rural consumption of 10 kg per man per year.

CIL given new deadline to sign 173 FSAs

At a recent meeting, union coal ministry asked public sector miner Coal India (CIL) to enter into fuel supply agreements (FSAs) with power plants for 78,000 mw capacity by September 6. The order from the ministry comes after the earlier deadline for signing FSAs ended on August 30.