Demand of CE to Rise as Govt Set to Invest Rs 7 Lakh Crore in National Highways

The Sentiment of Indian Construction Equipment industry has been started moving up in last few months on the back of improving investment on infrastructure projects especially road and highway development sector. The government commitment to expand and improve country’s highway network, brings cheerful news for construction equipment manufacturers who were waiting to see the revival of the CE sector for last few years.

Government has told in the Parliament that it would spend around Rs. 7 lakh crore to develop National Highways of around 50,000 km in the next 5 years, which will surely help the construction equipment companies and demand of road making equipment such as Excavators, Loaders, Dozers, Graders, Scrapers, Pavement Milling, Compactor, Cranes and other road building equipment sell are expected to rise on the back of such a huge investment for highway building.

“In last two years the Ministry of Road Transport and Highways approximately awarded projects worth Rs 2 lakh crore. Plans have been prepared to award works worth Rs 7 lakh crores in five years. For the first year the focus was on public funded projects (EPC) as the sector was under tremendous stress. Most of the projects work was stalled,” Mr. Nitin Gadkari, Minister of Road Transport & Highways and Shipping has informed the Parliament on Monday.

The Government has allocated a total Gross Budgetary Support (GBS) of Rs 46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways. In addition, Internal & Extra Budgetary Resources (IEBR) of Rs 59,279 crore has also been allowed to be raised for Highways in 2016 -17. National Highway Authority of India (NHAI) has also been given permission to borrow Rs 35 thousand crore this year alone for the highway projects, in total NHAI can borrow up to Rs 75 thousand crore.

So far, 80% of the road projects awarded through public fund and rest through various forms of PPP.

Due to a huge inflow of investment in infrastructure projects in next few years, its projected that country’s construction equipment market would touch to USD 5 billion by 2019-20.

Various Market research companies like off-Highway Research, MarketsandMarkets and industry body like Indian Construction Equipment Manufacturers’ Association (ICEMA) have projected positive growth in Construction and Mining Equipment market in coming years.

The sale of CE has witnessed a jump of over 40% in first six months of 2016 against last year during the same period, which is a sign of the improvement.

Recently, NHAI has also said, the sale of construction equipment has jumped in recent times as road works accelerated, currently India is building 20 km road per day and planned to increase up to 41 km per day by next fiscal.

Source: Information has been obtained from Morth & NHAI

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Construction of 7.28 Lakh Homes Approved Under PMAY

UntitledThe Parliament has been informed that 864 housing projects under Pradhan Mantri Awas Yojana (PMAY) -Urban totalling 7.28 lakh homes have been approved by the government as of July 15.

Under these housing projects, 7,28,840 houses have to be constructed for urban poor and the slum dwellers, on which nearly 19,300 houses have been constructed and 1,07,687 houses are under construction in various states.

61 projects involving 1, 93,147 units had been approved for Andhra Pradesh and 64 projects involving over 80,000 houses approved for Telangana, 1,413 units and 300 units were under construction in both the states respectively, Ministry of Housing and Urban Poverty Alleviation (MHUPA) informed the Parliament.

10 housing projects involving over 1 lakh units under Pradhan Mantri Awas Yojana had approved for Maharashtra, the construction work of the housing projects yet to start in the state.

Under PMAY housing scheme, so far Karnataka has constructed 4,333 houses, Rajasthan 3,627, Tamil Nadu 2,595, Gujarat 2160 and UP 2044. Arunachal Pradesh, Punjab, Nagaland and Himachal Pradesh are yet to start the construction.

Recently, Rajasthan government has announced to construct 1.90 lakh houses under Pradhan Mantri Awas Yojana (PMAY) and most these houses will be constructed in six districts of Udaipur division with an estimated cost of Rs. 2400 crore.

Under PMAY scheme, Centre has committed to construct 2 crore houses for urban poor by 2022.

Last week, Housing and Urban Poverty Alleviation Ministry informed Rajya Sabha that 2, 17,953 houses constructed under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana (RAY) all over the country is vacant. Central government has advised states and Union Territories to speed up the allotment process of the vacant houses to the beneficiaries and submit plans.

Numbers of vacant units in various states are as follows, Maharashtra 41,449 units, followed by Delhi 26,199, Gujarat 24,769, Andhra Pradesh 20,639, Telangana 17,982 and Uttar Pradesh 16,050.

As per the one of the report of the TNN, Nagpur Improvement Trust (NIT) has begun the process of constructing 21,365 flats for lower income group (LIG) people in two phases under the Centre’s Housing For All scheme. Land for the housing projects has already been identified in Nagpur city.

Source: Information has been obtained from MHUPA, TNN, and PTI

Big CE Firms Across The World Will Showcase Their Latest Machines in Bauma CONEXPO Show

UNUSED-2011-KOMATSU-PC800-7-Hydraulic-Excavator-Lot-170_574x299pxBauma CONEXPO India is going to organise an International Trade Fair for Construction machinery, Building material machines, Mining machines and Construction vehicles from December 12 to 15, 2016 at Huda ground in Gurgaon in NCR region. This is the fourth time this international trade fair for construction machinery is being organised in the country.

As India is one of the major market for construction equipment in the world and expected to be double market size of USD 5 billion by 2019-20 as per the estimate of industry body Indian Construction Equipment Manufacturers’ Association (ICEMA), have encouraged companies from China, Germany, Britain, Italy, North and South America, Spain and other to register themselves to showcase their different types of construction and mining machines at trade fair. It would help them to spread its wing in the country and to attract Indian customers with their latest technology.

Mr. Igor Palka, CEO of Bauma CONEXPO India said, “We have registrations from big names like ACE, Ajax Fiori, Ammann Apollo, ASTEC, BAUER, BKT, Columbia Machines, Haulotte, Herrenknecht, Hyundai, Kobelco, KYB Conmat, Liebherr, Linnhoff, Liugong, Macons, MAN, Marini, Masa, Potain, Puzzolana, Sany, Schwing Stetter, Soilmec, Topwerk, Wacker Neuson, Volvo or Wirtgen, That’s a pretty impressive cross-section of the industry.”

As per the release shared by bC India, analysts expect that more than 46,000 units could be sold in India this year, after some 39,000 units sold in 2015. According to Off-Highway Research, the Indian market could account for more than 80,000 sold construction machines in the year 2019.

Based on the forecasts, nearly all types of equipment will profit from this growth, although six types of machines will continue to dominate the market: backhoe loaders, crawler excavators, mobile cranes, mobile compressors, compactors and wheel loaders. However, machines that could only be sold in smaller quantities in India in the past—such as mini-excavators, all-terrain forklifts and compact loaders will also account for a larger share of the market.

This attractive market and optimistic future outlook are encouraging these international CE companies to unveil their construction equipment in this trade fair being held in the country for Indian customers.

The trade fair is an excellent opportunity to observe the emerging Indian construction equipment market, meeting high-quality visitors and exhibitors and which will help to generate new business in the country.

The exhibition is open to industry professionals by registration only and admission is free upon online registration. The organiser has developed a BAUMA CONEXPO INDIA app to provide information regarding opening hours, joint pavilions and the venue of the exhibition. Visitors can also visit the trade fair through on-site registration.

While talking about the trade fair, Mr. Dimitrov Krishnan, Vice President-Sales and Marketing of Volvo CE India said “We are looking forward to BAUMA CONEXPO INDIA 2016 and are expecting a number of visitors to our booth from North India, which has been an area of focus for the government, and where infrastructure development is expected to pick up even further in the coming months.”

Mr. Ashok Tanna, Managing Director at Linnhoff India Pvt Ltd shared his previous experience of BAUMA CONEXPO India held in the country last time, he said, “We secured a lot of orders after the last BAUMA CONEXPO INDIA. North India is one of the prime zones brimming with road development and infrastructure projects and we look forward to providing our clients’ technology based solutions. Hence we have decided to increase our stall space to showcase these new technologies to our customers.”

Last time when Bauma CONEXPO held in India in 2014 the event had attracted 635 exhibitors from 25 countries and around 26,000 trade visitors from 54 countries.

To get the further detail about this International trade fair, one can log on to http://www.bcindia.com

Source: Information has been obtained from bC India, ICEMA, Off-Highway Research

JCB India Unveils Three Made-In-India Material Handling Equipment

JCB Loadall.jpg

JCB India has unveiled its Made-in-India three world-class range of material handling machines, namely Telehandlers, Skid Steer Loaders and Super Loaders with the aim of revolutionising the Material Handling industry in India.

These machines are extensively used for material handling applications such as loading, unloading, placing and lifting material at various heights and reaches. Through the use of various attachments, this versatile machine offers the perfection of 4 machines in 1, claims the company.

JCB has been a pioneer in the concept of Telehandlers globally since 1977 and has remained the world’s first choice in this segment ever since, it said.

While showcasing these Made-In-India products, Mr. Vipin Sondhi, Managing Director and Chief Executive Officer of JCB India Limited, said, “We are delighted to showcase our wide range of “Made in India” material handling products solutions for the Indian market. The industry is now progressing towards more safe and reliable practices and through these revolutionary products we foresee a great opportunity to replicate the global best practices in the material handling industry.”

In line of maintaining global standard on-site safety in India, JCB offers three variants of Telehandlers – a 7m lift height machine known as the 530-70, an 11m lift height machine known as 530-110, and a 17m lift height machine which is the 540-170.

JCB India claims, its Skid Steers Loaders (also known as a mini backhoe loader) are the world’s safest Skid Steers as they come with a unique side door entry. This compact and versatile machine is available in two variants in India – the 135 and the 155. Skid Steers are ideal to operate in urban infrastructure applications or for narrow and areas which space is a restriction.

This made in India product, the Super Loader (Backhoe loader) on the other hand is a perfect blend of value, versatility and performance. It is designed as a dedicated loader for loading applications at higher heights. At present, JCB offers two variants in the Indian market, a 3.1m dump height machine and a machine with a 4.0m dump height.

This range is accompanied with a wide option of attachments such as Power Grab, Drum Handler, Vibratory Roller, Industrial Grappler, General Purpose Shovel, Heavy Duty Fork, Crane Hook – Fork Mounted, Grain Bucket and Man Platform, said the company.

“Over the years, we have been witnessing a growing need for technologically advanced and intelligent product solutions in this industry. With the three product solutions, JCB is leading this paradigm shift in India. This world class range is a perfect combination of safety, productivity and versatility.” Mr. Sondhi further added.

JCB India is already a leader in Backhoe loader segment with market share of 75% in India and company may witness better sale in this year or year to come on the back of increasing construction activities.

As per the report of Off-Highway Research, Backhoe loader sales are expected to increase by 32% by 2020 on the back of government investment in infrastructure sector, where JCB India will try to increase its existing market share being a market leader.

Material handling machines may witness the sale due to increasing construction activities and mineral mining activities after approval of National Mineral Exploration Policy (NMEP) by cabinet and increasing coal mining in the country.
Rising number of warehousing with the emergence of e-commerce industry will also raise the demand of material handling machines.

Source: Information has been obtained from JCB India

Construction Equipment Market Back on Track as Infra Projects Started Rolling Back

imagesInfrastructure investment and construction activities on ground mainly roads and highways have brought the construction equipment industry on track after a gap of four years. All the international and domestic research companies and industry experts have projected the positive growth in heavy equipment industry.

Recently, Global market research company MarketsandMarkets projected global construction equipment market to reach USD 116.20 billion at a CAGR growth of 4.11% by 2021 and mining equipment market is projected to grow at a CAGR of 6.42% to reach USD 136.03 billion during forecast period.

Increasing number of infrastructural projects, rapid urbanization, robust economic growth and revised government regulations on mining will help construction market in Asia-Pacific region to dominate the market. Key countries like India, China and Japan are estimated to record a highest CAGR during the forecast period, said the report.

Last month, a report released by Off-Highway Research also said Backhoe loader (an Earthmoving machine) sales are expected to increase by over 32 percent in next 5 years on the back of investment in infrastructure. The sale will jump to 28,000 machines by 2020 from 21,192 units sold in 2015.

Indian heavy equipment market shrunk after 2011 when in a single calendar year 52,893 units of construction machines had been sold in Indian market with a growth of 21%, since then until September 2015 sector faced de-growth, only by the end of 2015, the market was recorded flat with a sale of 36,798 units, which started witnessing a revival in October to December 2015.

Mr. Vipin Sondhi, MD & CEO of JCB India told The Hindu newspaper that industry has clocked a growth of over 40% in last six months during January to June period. According to industry data shared by JCB to the newspaper, 21,869 units of construction equipment have been sold in first five months of 2016.

As 21,869 units have already been sold in first five months of 2016, indicates 2016 will end with better growth as compared to 2015, wherein entire year 36,798 units were sold.
As far as reaching a level of 2011, Mr. Sondhi told the paper, that number is likely to touch by next calendar year (2017).

Recently, National Highway Authority of India (NHAI) announced that around 1 lakh crore will be invested in road projects in 2016-17 and while talking about construction equipment industry, it said, sale of construction equipment has grown drastically.

NHAI is having around 250 projects across the country, the investment in the road and highway projects would drastically change the heavy equipment industry in the country, Coal mining activities and cabinet approval for new mineral policy will drive the sector in years to come.

Government has planned a huge investment in airports, ports, smart cities, railways, shipping, urban development, metro railways; all of them will boost the demand of heavy equipment in the country when the project will start rolling back on the ground.

Source: Information has been obtained from MarketsandMarkets, The Hindu and Off-Highway Research

Here’s Why Delhi may Require a Large Number of Construction Equipment

EquipmentPosting_8718_1457933693572As we are well aware that sell of any goods item rises when there is demand for a particular product in the market, similarly, the demand of construction equipment only arises when there is an infrastructure development taking place in a particular state or country.

India is a vast country and every state may not require a similar amount of construction equipment, the demand of construction equipment depends how many infrastructure projects are taking place in a particular state and of course the government policies and initiatives play a crucial role for the same.

Recently, the decision of Union Minister for Urban Development Mr. Venkaiah Naidu approved the rates of premium for lands allotted for a different purpose in National Capital will surely boost the infrastructure development in Delhi.

Government has slashed the rate for land required for medical institutions, hospitals, dispensaries, maternity centres for a nominal charge of Rs 1 per annum. Rates for land for DTC Depots and offices reduced from commercial rates to Rs 11,745 per sq km, which were between Rs 1, 82,400 to Rs 6, 72,000 earlier. Land rate for staff quarters of schools and hospitals of Local Bodies have also been reduced by Urban Development ministry.

Rate for land for offices of Government of National Capital Territory of Delhi have been reduced from market rates.

Simultaneously, centre has sanctioned Rs 32,385 crore for the redevelopment of government housing societies and building new five flyovers in Delhi. Flyovers will be constructed with the cost of Rs 658 crore to decongest Delhi’s traffic and projects will be completed in nearly five years of time.

Delhi Government has a huge budget for education, health and transportation, after the slashing the rate of the DDA land, it will help the state government to implement its plan and construct educational institutions, roads, bridges, hospital, clinics and other, to construct these structures, city will require the huge amount of construction materials, construction equipment and manpower.

Last year in October, Delhi Chief Minister Mr. Arvind Kejriwal had announced to redesign over 1,200 km of roads in National capital at a cost of about Rs 5,000 crore on the line European cities to encourage public transport.

Under the Delhi Master Plan-2021, it is decided to make Delhi a world class city and global metropolis, for the same major infrastructure and housing development will take place in the city with the aim of accommodating rising population, strengthening infrastructure of the city, redevelopment of congested areas and creation of more open space in the city.

USD 100 billion of Delhi-Mumbai industrial corridor and extension of Delhi metro rail plan to nearby towns to Meerut, Alwar, Panipat, Sonepat and other locations will boost the major demand of CE products in Delhi region .

Construction of retail assets on 23 acres of Delhi Airport land and other commercial and office space in the city and construction of warehousing after the rising demand from e-commerce players will also play crucial role in encouraging CE demand.

In June 2016, Off-Highway Research report projected that investment in infrastructure by the Indian government will boost the backhoe loader sales in coming years and sales is estimated to rise by 32% by 2020.

As infrastructure development takes place in National Capital, it will boost the demand of overall construction equipment including Earthmoving, Material handling, Concrete and Road equipments in Delhi.

Source: Information has been obtained from government release, Off-Highway Research, DelhiCapital.

New Mining Policy Will Lift The Demand of Mining Equipment in Mineral Rich States

Coal_Haul_Truck_at_North_Antelope_RochelleThe Union Cabinet has approved the National Mineral Exploration Policy (NMEP) with the aim of exploring private participation in mining sector of the country, besides strengthening Geological Survey of India (GSI), Mineral Exploration Corporation Ltd (MECL) and other agencies.

Initially, the steps would encourage the private and foreign companies to participate in the transparent e-auction process for 100 potential mineral blocks over the next six months in mineral rich states of the country.

The step of government has not only brought the good news for domestic and foreign mining companies who are in mineral exploration business, but also the initiative has brought a good news for the construction equipment manufacturers especially which are into making equipment used for mining.

While commenting on cabinet decision, Mr. Narendra Singh Tomar, Union Mines Minister said, “India has got 800,000 sq km of area, which has obvious geological potential for mining. Of this, only 10 percent has been explored till date. Government institutions like GSI and MECL have limited capabilities. Therefore, this step has been taken to invite private exploration,” reported Business Standard.

There is a need for comprehensive mineral exploration of the country to uncover its full mineral potential so as to put the nation’s mineral resources (non-fuel and non-coal) to best use and thereby maximize mining sector contribution to the GDP.

According to Ministry of Mines, it will carry out auctioning of identified exploration blocks for exploration by private sector on revenue sharing basis in case their exploration leads to auctionable resources. The revenue will be borne by the successful bidder of those auctionable blocks.

To implement the recommendations of the NMEP, initially an amount of about Rs.2116 crore over 5 years would be required over and above the annual plan budget of the GSI under the Ministry of Mines. The NMEP will benefit the entire mineral sector across the country.

India is gifted with huge resources of several metallic and non-metallic minerals and the sector is very important from an economy point of view. Country produces 87 minerals, which includes 4 fuel, 10 metallic, 47 non-metallic, 3 atomic and 23 minor minerals.

According to the Data of Ministry of Mines, the number of mines which reported mineral production [excluding minor minerals, petroleum (crude), natural gas and atomic minerals] in India was 2076 in 2011-12, out of 2076 reporting mines, 354 were located in Andhra Pradesh followed by Gujarat (308), Rajasthan (241), Madhya Pradesh (225), Karnataka (180), Tamil Nadu (156), Odisha (119), Jharkhand (106), Chhattisgarh (99), Maharashtra (86) and Goa (70). These 11 States together accounted for 93.64% of total number of mines in the country in the year 2011-12.

Odisha share in the value of mineral production during 2011-12 was 12.02%, followed by Chhattisgarh (9.15%), Rajasthan (9.01%), Andhra Pradesh (6.99%), Gujarat (6.83%), Jharkhand (5.86%), Madhya Pradesh (4.69%), Assam (4.63%), Goa (3.30%) and Karnataka (3.13%) in the total value of mineral production.

These mineral rich states are expected to witness a number of e-auction for mineral blocks by mining companies, where huge numbers of mining equipment will be required for long term, as only 10 percent geological potential for mining has been explored in the country till date.

Therefore, mining equipment such as; dump truck, Dragline excavator, mining shovel, Haul Trucks, Drills, Track loaders, Mass Excavators, Scrapers, bulldozer, Scaler and other related machines will be highly in demand once e-auction process gets completed and mining process will start.

Along with new equipment, resale or rental demand of mining equipment will rise in these states. Customers who are seeking second-hand machines or looking for finance to buy mining equipment may contact reliable and emerging e-commerce portal www.equipmentonestop.com for every type of second hand machines across the Indian states.

Source: Information has been obtained from Ministry of Mines, Business Standard

How Trained Heavy Equipment Operator Help Your Business!

loaderTo increase productivity and profitability in any business, we need the highly trained and experienced employees, similarly in the field of construction industry the productivity and profitability of business also depend on trained heavy equipment operators.

The unskilled operator of heavy machines leads to the various types of losses to the construction business such as decrease in productivity, delay in project completion, huge fuel consumption, regular repairing and maintenance cost of the equipment and hazardous to health of the operator and other workers at construction sites.

A skilled heavy machine operator knows the proper way of operating the equipment in diverse condition and at different kinds of projects to get done the work correctly and effectively.

Different kinds of heavy machines used for different nature of construction work, so having expertise in each machine is very necessary. For the example, work of cranes, excavators, backhoe loaders or asphalt plant are different, therefore each equipment must have separate trained operator to successfully operate the specific machine.

Employers, who understand the importance of training, arrange various types of training for their workers, or people who are seeking a career in the field of construction as an operator go through the fundamental skills for operating particular machine or given knowledge of the specific machine and operating skill.

The highly skilled operator ensures the smooth functioning  of machine, reduce the possibility of breakdown, ensure better productivity, save the cost of regular maintenance, help in increasing the machine’s life,  ensure safety standard and there are many other advantage of it.

Usually, proper uses of machines also help in giving resale value in future.

These days, giving skill and operating training for specific machine to operator become one of the main services of construction equipment manufacturers given to its customer, when companies launch new products in the market; they also provide training for the machine to increase the sale, because a lack of training skill of the machine may cause the huge loss to the buyers.

Therefore, companies like JCB, Volvo CE, Tata Hitachi, Tarex India and other provide training either at client locations or in their own training centres across the country. Tata Hitachi has an Operator Training School in Kharagpur which give driving and servicing skills for excavators and backhoe loaders to people.

Indian government also realised the need of having skilled manpower in road building sector, recently Mr. Nitin Gadkari, Minister of Road Transport& Highways and Shipping exhorts highway builders, contractors, and skill development institutions to come forward in a big way to train existing highway construction workers and also give new training to local and unemployed youth to increase skilled manpower to bring faster speed in highway building.

MMRCL Awards Rs-18115 Crore Contracts for Underground Metro Rail Project

MMRCL Awards Rs-18115 Crore Contracts for Underground Metro Rail Project

To complete the construction work of Mumbai’s costliest metro rail project, the Mumbai Metro Rail Corporation Limited (MMRCL) has awarded civil contracts of Colaba-Bandra-SEEPZ route of Mumbai Metro Rail-III with a cost of Rs 18,114.9 crore to different companies including HCC, L&T and J. Kumar Infra with a JV with international companies.

The Colaba-Bandra-SEEPZ route will be complete underground project and will have 26 underground stations and one at-grade station with total distance of 33.5 km. The civil contracts of entire 33.5 km have been awarded by MMRCL.

Colaba-Bandra-SEEPZ route is already received go-ahead signal from Centre and Maharashtra government. The project is being implemented by MMRCL by raising a loan from Japan International Cooperation Agency (JICA).

Three companies HCC, L&T and J. Kumar Infra with a JV with international companies have alone won the Rs12, 808 crore of the contract from MMRCL to design and construct underground metro stations and associated tunnels in Colaba-Bandra-SEEPZ route, they have announced their contract last week.

Hindustan Construction Company (HCC) in JV with MMS of Russia has received the contract of Rs. 2523 crore for Mumbai Metro III.

Under the contract, both the JV companies will construct 4, 072 meter corridor of the underground metro line including four underground stations at Chatrapati Shivaji Terminus, Kalbadevi, Girgaon and Grant Road and twin bored tunnels of total length of 3,115 m, HCC said to complete this project in 55 months.

“HCC is pioneer in underground construction and has built parts of Kolkata Metro, Delhi Metro and Mumbai Metro – Phase I. With the cumulative experience we are confident of completing the work in an efficient and speedier manner that will benefit millions of Mumbaikars,” said Mr. Arun Karambelkar, President & CEO- E&C, HCC Ltd.

Along with awarding contract to HCC and MMS, MMRCL has also awarded a contract worth Rs 5,012 crore for Mumbai Metro Line-III to J. Kumar Infraprojects-CRTG in JV. Under this contract, The JV companies will design and construct and associated tunnels of seven underground stations in different packages including Dharavi, BKC, Vidhyanagari, Santacruz, CSIA domestic airport, Sahar Road and CSIA International Airport.

L&T Construction JV with STEC of China has also won a Mumbai Metro Line-III project contract worth Rs 5,273 crore, the project includes design and construction of underground stations and associated tunnels.

“The prestigious EPC project includes underground stations at Cuffe Parade, Vidhan Bhavan, Church Gate, Hutatma Chowk with associated tunnels from Cuffe Parade to CST for Package 1 and underground stations at Marol Naka, MIDC and SEEPZ with associated tunnels from International Airport to SEEPZ for Package 7. The project is scheduled to be completed in 48 months,” said the L&T in a press release.

This is a significant win in the heavy civil infrastructure space and we hope that this is a sign for many such projects involving vital infrastructure that are in the offing…, This mandate is truly representative of our expertise in building metros as we are already building some major metro projects in India and Middle East. With the support of our partners, we are confident of delivering as per the requirements of our client, said Mr. S.N. Subrahmanyan, Deputy Managing Director and President, L&T, after winning the contract.

Currently only 11.40 km long Versova-Andheri-Ghatkopar route of Mumbai Metro-1 is operational in Mumbai, all other metro projects like Metro Line-II (Dahisar-Charkop-Bandra-Mankhurd, 40km), Metro Line-III (Colaba-Bandra-SEEPZ, 33.5km) and Metro Line-IV (Wadala-Ghatkopar-Teen Hath Naka (Thane) – Kasarwadavli, 32km) are in different stages of planning and tendering.
The 33.5km of underground metro project of Colaba-Bandra-SEEPZ are costliest metro project of the city; its estimated cost is Rs 23,136 crore.

The huge investments in Mumbai infrastructure open the scope for construction equipment manufacturers, where huge amount of equipment will be required in the city. Therefore, demand of new and used machines will rise in coming years, as all the projects started executing.

Earthmoving machines like excavators, Backhoe loaders, material handling machines like cranes, tippers and for construction of tunnel for underground stations, equipment like Tunnelling Jumbos, Roadheaders, load and haul equipment for tunnelling and other machines demand may raise as metro rail projects started implementing.

Source: Information has been obtained from HCC, L&T, J.Kumar Infra and MMRDA