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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).
Road ahead for CE industry
Driven by increased government spending, rapid urbanisation, technological advancements, and the 鈥楳ake in India鈥� initiative, the RAHSTA (road) ahead for the CE industry is bright with full of possibilities and opportunities.
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.
India鈥檚 MHE market to hit 9.8% CAGR by 2027
Tacklers Engineering is a leading manufacturer of material handling equipment in the India. In this interview Nirag A Choksi and Aman A Choksi, Directors, Tacklers Engineering (formerly known as Techno Industries) shares about its manufacturing facilities in India.
ABB surpasses 10GW milestone in delivering automation solutions for RE plants in India
ABB鈥檚 control and automation solutions are helping maximise the effective use of RE
KEC bags new orders worth Rs 1,422 crore
The order is for transmission and distribution (T&D) projects in India and Americas:
Trimble and Mincon offer Trimble-ready drilling solution
Mincon Drill Mast Attachments for skid steers and excavators can now be equipped from the factory with Trimble芒鈧劉s Groundworks Machine Control System.
Charting growth path for road sector
The 13th India Roads Conference (IRC) 芒鈧�� with the theme of "Road Construction Business: Establishing safe, sustainable, inclusive and intelligent road network in India芒鈧� 芒鈧�� explored new opportunities for stakeholders in the road construction business.
L&T, NCC bids for Rs 56.88 bn Hyderabad Airport Metro project
The Hyderabad Airport Metro has confirmed the receipt of two significant bids from L&T and NCC for the Rs 56.88 billion tender aimed at selecting an EPC contractor for the Airport Metro project.
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.
NHAI grants 6,003 km of highway projects in FY23
The infrastructure project awarding activity picked up and gathered pace in Q4 of FY23 with NHAI awarding a total of 6003 km of projects in FY23 significantly below its FY23 target of 6500 km as stated in a report by Motilal Oswal Financial Services.
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.
BICES 2023 conference held during CONEXPO
On March 15, the press conference of the 16th China Beijing International Construction Machinery, Building Materials Machines and Mining Machines Exhibition & Seminar (BICES 2023) was held at CONEXPO-CON/AGG in Las Vegas
BICES 2023 conference held during ConExpo
On March 15, the press conference of the 16th China Beijing International Construction Machinery, Building Materials Machines and Mining Machines Exhibition & Seminar (BICES 2023) was held at CONEXPO-CON/AGG in Las Vegas.
More EPC companies join MYCRANE
Three more global engineering, procurement and construction (EPC) companies have registered at the MYCRANE platform, following successful meetings at the recent bauma CONEXPO event in India.
BICES 2023 conference held during CONEXPO
BICES is an industrial exhibition in China with the longest history and high-quality performance.
More EPC companies join MYCRANE
Larsen & Toubro (L&T), Tata Projects and IRB Infrastructure have all completed the customer registration process
Country Roads Take Me Home
The slowdown in the road construction activity has been a drag for the construction equipment sector.
L&T sets world record in tunnel boring
Larsen & Toubro, an Indian multinational engaged in EPC projects, hi-tech manufacturing and services, announced that their 12.19 m dia Slurry TBM (tunnel boring machine), named 鈥楳avala鈥�, had achieved a world record for monthly lengths by excavating 456.72 m at the prestigious Mumbai coastal road project, Package 4
L&T commissions green hydrogen plant at Hazira
The first phase of the project has been installed, tested, and commissioned.
L&T sets a world record in tunnel boring for Mumbai coastal road project
TBM 鈥楳avala鈥� completes 456.72 m in a single month
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 鈥楽econd Strongest Brand鈥� among the top 50 Global Engineering and Construction (E&C) companies 鈥� by Brand Finance, the world鈥檚 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.
L&T awarded contract for water & effluent treatment biz
The scope includes Design, Build, Operation and Maintenance of 360 MLD sewage treatment plant with a provision to generate in-house power.
L&T awarded contracts for transportation infra biz
The transportation infrastructure business of Larsen & Toubro has secured various orders from prestigious clients.
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.
Toshiba bags ozone treatment system contract from L&T
Toshiba Infrastructure Systems & Solutions Corporation (hereafter TISS) announced that they have concluded a contract with Larsen & Toubro (L&T) for three ozone generators at the Chandrawal Water Treatment Plant in Delhi, being executed by Delhi Jal Board.
On the Move!
The market for mobile cranes is on the move driven by low-rise residential, commercial, and industrial building construction activity in urban areas.
L&T wins mega overseas contracts
A consortium led by L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has secured two offshore packages from a prestigious overseas client. The scope of work comprises EPC for new facilities and integration with existing installations.
Snapshot of L&T's Q3FY2021-22 results
Larsen & Toubro Q3 consolidated revenue recorded growth of 11% at Rs 39,563 cr
L&T wins mega overseas contracts
A consortium led by L&T Hydrocarbon Engineering (LTHE) has secured two offshore packages from a prestigious overseas client.
L&T and Kemroc ink pact to distribute cutting-edge products in India
Larsen & Toubro, the leading Indian multinational engaged in EPC projects, hi-tech manufacturing and services, and Kemroc, a global manufacturer of attachments for excavators and backhoe loaders, have entered into a distribution agreement that will facilitate Kemroc products to be distributed and promoted in the Indian market by L&T.
L&T Construction & Mining Machinery鈥檚 75 years marked by stamp release
The corporate stamp was unveiled by Sharada Sampath, Chief-Postmaster-General, Karnataka Circle in the presence of SN Subrahmanyan, CEO & MD, Larsen & Toubro, Arvind K. Garg, Executive Vice-President, Construction & Mining Machinery Business, L&T and LK Dash, Postmaster-General, Bangalore HQ.
L&T and Kemroc ink pact to distribute cutting-edge products in India
The agreement to this effect was signed by Vivek Hajela, Vice-President and Head-CEB, L&T and Klaus Ertmar, Managing Director, Kemroc recently in Bengaluru in the presence of Arvind K. Garg, Executive Vice-President & Head, L&T Construction & Mining Machinery.
L&T and Kemroc ink pact to distribute cutting-edge products in India
The agreement covers Kemroc-developed special attachments including its patented EK series of chain cutters.
L&T, Gulf Oil jointly launch genuine oils for CE
Construction and Mining Machinery Business of Larsen & Toubro Limited (L&T-CMB) and Gulf Oil Lubricants India have collaborated to launch a range of genuine oils to cater to the distinct and technologically progressive needs of the Construction Equipment sector.
L&T and ReNew announce partnership to focus on green hydrogen business in India
Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India.
7th India Construction Festival
Organised by the FIRST Construction Council in Mumbai on October 22, the event successfully brought together the who鈥檚 who of the infrastructure and construction industry.
L&T, Gulf Oil jointly launch genuine oils for CE
Strategic partnership will address the evolving needs of the CE sector
GR Infra, Tata Projects, Afcons India's fastest growing large construction companies
The companies were 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.
L&T concludes the divestment of 99 MW Hydro Power Plant with Renew Power
L&T concluded the divestment of its 100% stake in the 3 x 33 MW (99 MW) hydroelectric power plant at Singoli-Bhatwari in Uttarakhand
L&T bags order for Titanium Clad Oxidation Reactor from Technip Energies
The company develops indigenous technology for the critical equipment
L&T signs agreement to divest Singoli-Bhatwari hydroelectric project
Larsen & Toubro, announced the divestment of 100 per cent stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower (LTUHPL) to Renew Power Services, a wholly owned subsidiary of Renew Power. This is in line with the declared L&T focus of divesting non-core assets and improving shareholder value.
CEAT, Tata Power partner to install captive solar power plant at Solapur
CEAT鈥檚 Bhandup plants' power dependability on non-renewable resources will be reduced by 50%
NHAI plans to award Rs 2.25 lakh cr projects during FY21
National Highways Authority of India (NHAI) plans to award Rs 2.25 lakh crore worth of projects spanning around 5,000 km in the fiscal year 2021.
L&T secures EPC order to establish world鈥檚 largest solar PV plant
The Renewables arm of Larsen & Toubro鈥檚 Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company (a subsidiary of the Public Investments Fund of Saudi Arabia (PIF)), for Sudair Solar PV Project of 1.5GW capacity.
L&T completes 75 years of CMB biz
Larsen & Toubro, an Indian multinational engaged in EPC projects, hi-tech manufacturing and services, has completed platinum jubilee of one of its oldest businesses, construction and mining machinery business (CMB).
L&T鈥檚 construction and mining machinery business turns 75
The company is has achieved a lot over the years and is now one of the market leaders in the segment
L&T bags multiple contracts
The construction arm of L&T has secured orders from prestigious clients for its various businesses.
L&T completes 75 years of Construction & Mining Machinery business
Pioneered industry by focusing on innovation, best-in-class service; marks supply of 60,000 cutting-edge machines in India.
Delhi Mumbai expressway SPV gets 鈥楢AA鈥� rating
The National Highways Authority of India鈥檚 (NHAI) fully-owned special purpose vehicle (SPV), DME Developers (DMEL), has received AAA rating from CRISIL, CARE and India Ratings. The SPV is executing the Delhi-Mumbai expressway project.
L&T secures EPC order to establish world鈥檚 largest solar PV plant
The project that is coming up in Riyadh Province has a 30.8 sq km land parcel available to install a total capacity of 1.5GW PV Solar modules with associated single axial tracker and inverters.
WIRTGEN: Driving excellence on greenfield pro-jects
Purvanchal Expressway is a prestigious greenfield project under construction in India. It commences near village Chand Sarai, located at Lucknow-Sultanpur Road (NH-731), district Lucknow and concludes near village Haidaria on National Highway No.19, before 18 km of Uttar Pradesh-Bihar border, in district Ghazipur.
Delhi Mumbai expressway SPV gets 鈥楢AA鈥� rating
The National Highways Authority of India鈥檚 fully owned Special Purpose Vehicle (SPV), DME Developers Ltd. (DMEL), has received AAA rating from CRISIL, CARE and India Rating.
L&T bags significant contracts for its various businesses
The Water & Effluent Treatment Business of L&T Construction has secured EPC orders from the Rural Water Supply and Sanitation Department, Odisha to execute individual Rural Water Supply Projects in the Kendrapada & Khorda Districts of Odisha.
Focus on infra to revive economic growth
The government鈥檚 focus on building infrastructure will create jobs and revive economic growth
ABB鈥檚 HVAC to ensure safe ventilation of Chennai Metro
ABB鈥檚 HVAC to ensure safe ventilation of Chennai Metro
Improving efficiency
Batch mix plant is the most widespread type of asphalt plant in the world, which guarantees the highest level of flexibility in production and quality of the finished product.
Budget spurs order books
The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.
L&T Construction bags mega contract of India鈥檚 first high-speed rail corridor
The scope for the MAHSR - C4 package includes the construction of viaducts, stations, major river bridges, depots, and other auxiliary works.
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.
Road Equipment: Road to Recovery
The Ministry of Road Transport and Highways (MoRTH) has big plans of constructing expressways, national highways, state highways and rural roads in the coming years. However, any uncertain economic situation in future may affect the recovery of the market as this will affect the payment of contractors, financing and thus equipment mobilisation.
每日吃瓜 Awards 2020 to be held online
In the prevailing pandemic conditions, The 8th Annual 每日吃瓜 Awards will be held virtually on October 15, 2020
NHAI agrees to 25 suggestions made by NHBF to ease highway construction
NHAI has agreed to most of the suggestions made by the National Highways Builders Federation (NHBF) related to project delivery.
L&T Construction bags significant contract from Coal India
The Metallurgical and Material Handling Business of L&T Construction has secured an order from Northern Coalfields for a coal processing and load out package to be installed at the Dudhichua Mines located in Uttar Pradesh.
L&T completes divestment of E&A business to Schneider Electric
Larsen & Toubro (L&T) announced the closure of the strategic divestment of its Electrical & Automation (L&T E&A) business to Schneider Electric.
NHAI to undertake rating of concessionaires, contractors and consultants
The portal-based objective assessment of vendors has been initiated to track the performance of the vendors for various NHAI projects.
Revenue of road EPC contractors to de-grow 8-10%
Revenue of road-building engineering, procurement and construction (EPC) companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdowns severely curtailing activity, a CRISIL report says
Revenue of road EPC companies to de-grow 8-10% this fiscal: CRISIL
Revenue of road-building EPC companies is expected to de-grow 8-10 per cent this fiscal with the COVID-19 pandemic-driven lockdowns severely curtailing activity
KEC International wins new contracts
KEC International, a global infrastructure EPC major, has secured new orders of Rs 10.25 billion across its various businesses.
Revenue growth to halve for EPC road cos through FY21: CRISIL
Road developers in the engineering, procurement and construction (EPC) segment could see revenue growth halve in fiscals 2020 and 2021 to ~15 per cent, compared with 30 per cent in fiscal 2019, a CRISIL study of 75 companies it rates in this sector indicates.
Delhi airport starts Rs 98 bn expansion
Delhi airport will spend Rs 98 billion till June 2022 for the expansion of the existing infrastructure.
Cautiously Optimistic
The government's various initiatives on revival of infrastructure sector and favourable policies have driven the growth of Indian construction equipment market in the past 2-3 years.
Looking for new growth avenues
The growth of crawler cranes market is stagnant with lagging demand from heavy lift applications. However, the market is expected to bounce back with the demand for medium capacity lift applications from the upcoming infrastructure development projects.
All set to meet infra growth demand
Aggressive infrastructural development is imperative to the overall economic welfare of a country. If the economy is likened to a wheel, its infrastructure sector is most certainly the central hub that supports all the other sectors in the form of spokes and keeps the wheel spinning smoothly and efficiently.
Digital Platform for efficient CE Sourcing
With markets being overcrowded and competition more intense than ever, coupled with a flurry of information in this digital age creates a lot of distractions.
The big movers
Being the major equipment class in the infrastructure development activities, Earthmoving equipment sees further demand growth in future owing to an anticipated growth in construction activities.
We are positive about the growth of OTR tyres
We expect prospective customers to visit our Stand. This is an excellent opportunity for us to create our brand awareness. Also, customers will have an opportunity to understand the wide range of products for a variety of off-high way machines.
每日吃瓜 awards & ceo forum 2017
It was 6.15 p.m. with 15 minutes more to go for the mega event of the infrastructure equipment industry. Meanwhile, the Viceroy Hall at the heritage Claridges Hotel located in New Delhi's famed Lutyen's Zone was already filled to capacity.
The Road Ahead
In spite of the government's policy shift towards building four- and six-lane National Highways as concrete roads, plans to construct more rural roads and coastal roads will drive the demand for asphalt plants in the future. 每日吃瓜 explores the road ahead for asphalt plants.
RAP Essential in Asphalt Plants
Asphalt mix production has had a long and rapid journey of redefinitions over the past decade, to allow the incorporation of RAP recycling. This procedure is now gaining acceptance in Indian markets.
We believe in delivering projects before time
PNC Infratech Ltd is a leading infrastructure construction, development and management company in the country. Chakresh Jain, Managing Director elaborates on the company?s experience with various LiuGong construction equipment.
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
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. 每日吃瓜 zeroes in on this segment to develop granular market insights.
Gaining Traction
With a major thrust on infrastructure development by the government, coupled with the ?Make in India? programme, the Indian telehandler industry is poised for an unprecedented and exponential growth.
Graded Up
If tightened completion time is demanded as in the case of Delhi peripheral ring road by Supreme Court, it will sure to up the demand for advanced, high capacity motor graders.
We expect EPC model dominating at least in the short term
The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. The smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend.
The Road Ahead
The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.
CE Sector to Grow
Among the major global markets for construction equipment, the demand of construction equipment in China suffered a steep decline after peaking in 2011. This trend continued in 2014; however, future demand forecast is expected to be stable.
The Road Ahead
The need for better infrastructure is pressing with India?s rapid urbanisation and burgeoning middle class. Some 590 million people will live in cities by 2030, and could account for 70 per cent of Indian GDP, according to a McKinsey report.
We are expanding our manufacturing base in India
All machines from Wirtgen Group are designed to ensure more productivity and less fuel consumption, says Ramesh Palagiri, Managing Director & CEO, Wirtgen India.
CE industry is to grow in the long term at a CAGR of 17.5%
The construction equipment (CE) market in India will be driven by increased activity levels in every sector as there are massive infrastructure gaps yet to be bridged, says Samir Bansal, General Manager, India, Off-Highway Research.
Integrated Load Handling Solutions
With a myriad of attachments, truck-mounted cranes have created niche applications segments with faster, safer and more productive solutions.Construction industry has been witnessing a shift towards using safer, more advanced technology, especially application-oriented equipment and machinery
STILL Number One
The focused thrust on infrastructure, manufacturing and agricultural sectors is expected to boost the demand for pick-n-carry cranes, which dominate the mobile crane market with over 80 per cent of total sales.
8,500 km by March 2015: How Realistic is the Target?
The Union Finance Minister has set a target of 8,500 km of roads to be completed during the current fiscal year, which simply means construction of about 35.5 km of road per day! In the last couple of years,
Market trends and Future Growth
The demand for compaction equipment from the road sector has remained almost stagnant for the past three years owing to the slowdown in construction activities. Road building projects are currently facing major challenges from delays in awarding projects and policy decisions
Road 2 recovery
Despite the present day gloom in the market, the future for the construction equipment sector, especially for the road equipment segment in India, still holds much potential as this sector has a profound and immediate impact on the country?s economic growth. Off-Highway Research is optimistic about the growth in demand for road equipment and forecasts growth at a CAGR of 12.67 per cent over the next five years. Agith G Antony finds out more about the positive vibes in the industry.
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