每日吃瓜

鈥淔inancial management a challenge in rental industry.鈥�

Siddharth Sharma, Director, Premier Heavy Lift, speaks on the current landscape of the construction equipment rental market in India.

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.

Indian rental companies are increasingly embracing digitisation

Satin Sachdeva, Founder & Secretary General, Construction Equipment Rental Association, speaks on the current landscape of the construction equipment rental market, and the latest trends in the market.

ICRA predicts 4-6% growth in FY25 tyre sales

ICRA stated that domestic tyre sale volumes are expected to experience a moderate growth of four to six per cent in this fiscal year, following an estimated pace of six to eight per cent in the previous financial year.

Sany revenue soars 60% of core business

Sany Heavy Industry, a leading heavy machinery manufacturer, has reported a strong growth in international revenues in its recently announced annual results for 2023.

Avoid Tunnel Vision Syndrome

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

Construction equipment industry anticipates 14-15% revenue surge

According to a report by CRISIL, the domestic construction equipment industry is poised for substantial growth this fiscal year with an anticipated revenue surge of 14 to 15 per cent.

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.

Sany international sales revenue up 35.87%

The net cash flow from business activities was 402 million yuan

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.

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.

New Holland Construction announced a renewed focus on the brand

Company unveils C330 compact track loader with two other products

CNH Industrial to acquire Hemisphere GNSS

CNH Industrial announces that it has entered into an agreement to purchase Hemisphere GNSS (Hemisphere), a global leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People芒鈧�鈩�s Republic of China.

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.

CNH Industrial acquires machine vision company Augmenta

CNH Industrial has purchased Augmenta to accelerate the growth of its innovative Sense & Act technology.

CNH Industrial to acquire Hemisphere GNSS

Hemisphere is a leader in high-performance satellite positioning technology, currently owned by Unistrong

CNH Industrial acquires machine vision company Augmenta

Smarter agricultural sprayer capabilities lead to greater gains for farmers

Up-grading roads!

The road construction industry in India is undergoing a paradigm shift. Robust demand, higher investment and significant policy support in the road construction industry are driving the demand for motor graders in India.

Sany Bharat signs MOU with Union Bank of India

The network of Union Bank will extend equipment finance to customers of Sany Bharat across the country

Country Roads Take Me Home

The slowdown in the road construction activity has been a drag for the construction equipment sector.

We plan to double our production capacity

ACE, one of the largest construction equipment players in the mobile and tower crane segments in India, showcased its upgraded and new backhoe loader models in different engine horsepower categories at Excon along with award-winning products like a special crane for piling, 360-degree slew pick-n-carry crane, and manlift crane.

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 鈥楪rowth Puller鈥� for the period ahead.

Escorts Q3 standalone profit up 14 per cent

Escorts reported standalone quarterly profit of Rs 201.5 crore in quarter ended December 2021 up by 14 per cent as against a profit of Rs 176.7 crore in sequential quarter and down by 28.2 per cent as against a profit of Rs 280.7 crore in the corresponding quarter.

Upgrading Technology

Commonly used to construct and maintain gravel and dirt roads, motor graders have also prepared building foundations and drainage ditches, making them popular with government agencies and contractors.

Battery vehicles are now trending in the market

Today India is one of the fastest-growing economies 鈥� power consumption and steel are prime indicators of growth, and are having a northward trend hence the demand for minerals and metals both are growing in India.

Opportunities galore

The construction industry across the globe is anticipated to present significant opportunities for construction equipment.

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

Dilip Buildcon bags Rs 2,683.02 cr equipment order from SECL

Road construction company Dilip Buildcon Limited (DBL) has received a letter of award for an order of Rs 2,683 crore from South Eastern Coalfield Limited (SECL)

RBI supersedes board of Srei Infra and Srei Equipment Finance

The Reserve Bank of India on October 4 superseded the Board of Directors of Srei Infra and Srei Equipment Finance Limited, owing to governance concerns and defaults by SREI Group Companies.

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.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

Cummins India profit at Rs 171 cr Q1 2021-22

鈥� 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.

Dimitrov Krishnan is new President of ICEMA

The Indian Construction Equipment Manufacturers Association (ICEMA) elected their President for the period 2021-23 during its Annual General Meeting held virtually on July 19, 2021.

Dimitrov Krishnan is new President of ICEMA

Dimitrov Krishnan, Managing Director, Volvo Construction 每日吃瓜 Pvt Ltd will lead ICEMA, the apex association of CE industry.

Despite second Covid wave, highway construction at 28 km per day in April

Despite the Covid-19 pandemic, lockdowns, and limitations on movement in most parts of the country, highway construction in April quadrupled this year to 853 km compared to the same month last year, which saw an entire nationwide lockdown.

Srei receives EoI for $250 mn capital infusion from international PE funds

Srei Equipment Finance (SEFL) said that it has received expression of interest for up to $250 million capital infusion in the company. The international private equity (PE) funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

One year of lockdown: Real estate sector beating pandemic blues

For many industries, this was a transformative year and one of them which underwent a turbulent change was the real estate sector.

Srei Equipment receives EoI for $250 mn capital infusion from international PE funds

The international private equity ("PE") funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.

Mahindra offers India鈥檚 first one-stop solution for vehicle scrapping

The agreement with MMRPL will enable customers get a hassle free and transparent deal under one roof. Any customer intending to purchase a new Mahindra Vehicle by scrapping/exchanging the old vehicle which is more than 15 years can do so at any Mahindra dealership.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

How can the auto components industry bounce back

Financial year (FY) 2020-2021 was a year of transition for the auto components industry. There were new challenges in the form of outburst of Covid-19, loss in production, supply side disruptions, etc.

Govt鈥檚 infra focus will boost demand for CE鈥�

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.

HCC Group to receive Rs 1,259 cr from NHAI BOT conciliations

HCC Concessions (HCON), the infrastructure development arm of HCC Group, concluded its conciliation with NHAI for all disputes concerning Baharampore-Farakka Highways Ltd (BFHL) and Farakka-Raiganj Highways Ltd (FRHL).

Srei forms Strategic Coordination Committee for raising fresh capital

The SCC will coordinate, negotiate and conclude discussions with potential strategic and/or private equity investors, to raise fresh capital for the business in consultation with the management.

Sunteck Realty enters JV to develop 7 acres of waterfront residences in Mumbai

Sunteck Realty has secured a marquee 7 acre land parcel at Borivali. It would develop a luxury residential project in the upmarket residential locality.

New Avenues to Growth

The ongoing COVID-19 pandemic has hit market players adversely on the supply side, causing declining sales of undercarriage components.

Testing & Interesting Times

After the most unusual year that we experienced in our lifetime, the calendar year unfolding is expected to be challenging but promising for the Indian construction equipment industry.

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

The M&HCV tipper trucks segment continues to look positive

RT Wasan, Vice President, Product Line, M&HCV, Tata Motors, elaborates on the company strategy in the Covid-impacted market scenario.

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

Sany India supporting partners in difficult times

The company helped all its 35 dealers steer through the challenging phase by implementing multiple initiatives to sustain and improve the cash flow for the dealer partners.

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.

Seeking Light at, the End of the Tunnel!

Prime Minister Narendra Modi is all set to inaugurate the world鈥檚 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.

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.

Mahindra鈥檚 tractor sales post 28 per cent growth in July 2020

Mahindra & Mahindra鈥檚 Farm Equipment Sector (FES) announced its tractor sales numbers for July 2020.

Safeguarding the industry

The construction equipment industry is going through a never-seen before sales scenario as the volume witnessed a steep fall of 70 per cent in April-June 2020 quarter, as per the findings of the CRISIL Research.

Financing Challenges

Devendra Kumar Vyas elaborates on the impact of COVID-19 pandemic on infrastructure and financing sector and the challenges faced by NBFCs.

Our products are designed with no-contact features

In the current scenario of Covid-19 impact on the market, KION India is ready with the offering to manage labour shortage and no-contact material handling. Sunil K Gupta, President, KION India, shares more on the market trends and the company鈥檚 plans.

Ritchie Bros. eases cash flow for equipment owners

Heavy equipment auctioneer Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow, including advance payment options and purchasing seller assets outright. Ritchie Bros.

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

MSMEs hold key in India鈥檚 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

Budget cuts by states to adversely affect construction contractors: ICRA

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

Ritchie Bros. eases cash flow for equipment owners

Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow

AJAX is all set to bounce back with resilience

To set the ball rolling, AJAX has become more resilient, adaptive and competitive like ever in this complex and uncertain period of pandemic with resilience and resourcefulness, says Debasis Bhattacharya, Head - Marketing, Sales & Product Support, AJAX Engineering.

Can India be an alternate manufacturing base?

Even before COVID 19 crept up upon us, our roads sector had already hit a speed breaker. Construction of highways slowed to 27 km a day during April-January against 29.7 km a day achieved in 2018-19.

Zoomlion delivers best operating performance in 2019

Zoomlion Heavy Industry Science & Technology Co (Zoomlion) has reported a 116.42 per cent increase in profit of RMB 4.371 billion ($616.18 million) for the year ending December 31, 2019, according to its annual report released on March 30, 2020.

The World Has Changed

While at EXCON 2019, Union Minister Nitin Gadkari brought smiles to the faces of the worried construction equipment (CE) industry captains, the pandemic outbreak has wiped that smile into oblivion.

ACMA seeks relief measures for component industry to withstand COVID 19 impact

The impact of coronavirus over the industry, people and the economy is a grave concern.

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.

National Infrastructure Pipeline Gets Set to Flow

The Union Budget 2020-21 heralds the roadmap for investing Rs 103 trillion in the next five years.

The strategy is to be near the customer and grow

Established in 1987, UNIFLEX today has five manufacturing plants - three belonging to the Hose Products Division and two to the Tube Products Division.

We have focused on introducing new models towards customer centricity

Sunbeam Infra Equipments, a division of Sunbeam Generators, is among the prominent players in the concrete equipment industry with its concrete mixers (purchased from Greaves Cotton) and now with additions of batching plants, concrete pumps and mixer pumps

APSEZ to acquire Krishnapatnam Port Company

Adani Ports and Special Economic Zone (APSEZ), India?s largest port developer, operator and the logistics arm of the Adani Group, will be acquiring a controlling stake of 75 per cent in the Krishnapatnam Port Company (KPCL).

We will build on our Intelli series

In four decades of operations in India, JCB has grown to become a full-range construction infrastructure equipment partner offering indigenous, innovative and versatile solutions of One-Global-Quality.

Flurry of road bids expected

According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.

FAST-TRACKING PERFORMANCE

The construction equipment market in India has become a front-runner in the global market space in the past few years.

Selling mining equipment to a global buyer base

With the end of the year approaching, Ritchie Bros. is gearing up for its last Dubai equipment auction of 2019.

Undercarriage Parts

Undercarriages and parts in crawler- or track-mounted equipment play important role in the mobility of the whole equipment and its uptime. Undercarriage parts are small and simple, but when all put together, support the entire track system.

Thwarting challenges

The construction equipment (CE) market was predicted to be flat this year due to elections and uncertainty in the new political scenario. The industry was cautiously optimistic.

Backing Infra Growth

CRUSHING BARRIERS

Fragmented aggregate mining, as well as issues related to regulations and liquidity, are threatening the growth of the crushing and screening equipment segment in India.

B&B Attachments announces new Financial Controller

The UK-based material handling equipment manufacturer B&B Attachments announced the appointment of Scott Little as its new Financial Controller

Bigger Digger

Optimum utilisation of excavators is of utmost importance for the economic operation of the machine. All hydraulic excavator OEMs have introduced matching technologies for the optimum performance of their machines.

Recharge to Rebuild!

The manifesto of the NDA points towards building 12,000 km of roads per annum! In 2018-19, even though contracts awarded were to the tune of 15,000 km (against 17,055 km in 2017-18), the figure for roads constructed up to November 2018 has been 5,759 km (against 9,829 km in 2017-18).

Technology paving the way for innovation

The recently concluded mega construction equipment event bauma saw a slew of new technologies on show that are going to attract the attention of the customers in future.

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.

Infrastructure momentum to continue

Global construction equipment sales hit an all-time high of 1.1 million units in 2018, with a retail value of approximately $110 billion, according to Off-Highway Research.

Growth ahead, no skidding!

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019.

We are laying more emphasis on exports

This bauma, Action Construction Equipment (ACE) launched a whole series of innovative cranes; among them is the NX360o model, which as the company claims, will not be found anywhere in the world.

Cash flow is paramount for sustaining equipment market growth

Sunbeam Infra Equipments (A Division of Sunbeam Generators) launched a trailer concrete pump of 50 cu m per hour capacity and mixer pump at bauma this year.

Getting more out of equipment fleet

The story of the Indian construction industry is changing faster than ever, with influx of multiple projects and participation of various smaller contractors contributing significantly and walking shoulder-to-shoulder with the big mainstream contractors.

Ports of Opportunities

Capacity expansion plans at Indian ports is giving a renewed hope for port equipment players. Many port operators are acquiring new equipment as part of modernisation and expansion of handling capacities at these ports.

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.

Flow of innovations

Hydraulic hoses have come a long way to become an innovative product that has all the features needed for efficient flow of the fluids with adequate strength to withstand high pressure, resistance to corrosion, flexibility for ease of use and more.

Kohler commands PRO EFI ECH440

The new pump offers enhanced fuel efficiency, greater overall reliability, and easier starting in harsh conditions to a wide variety of equipment.

Kohler commands PRO EFI ECH440

Kohler has introduced the Command PRO? EFI ECH440, the single-cylinder engine that integrates closed-loop electronic fuel injection technology (EFI).

Raising the bar

Road transport and highways minister Nitin Gadkari has set road project award and construction targets of 55 km per day and 45 km per day, respectively.

CE needs a breather from BS-VI

In a bid to deal with the critical pollution situation in the national capital, the Ministry of Petroleum has brought forward the date for the rollout of BS-VI fuel for Delhi to April 1, 2018 instead of the original deadline of April 1, 2020.