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AJAX Engineering earmarks INR 100 crores to build a new manufacturing facility and a design centre in Karnataka

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Mr. Jagadish Bhat | Managing Director | AJAX Engineering Pvt. Ltd.

AJAX, the truly Atmanirbhar Bharat company with its continued focus on innovation and indigenization expands its footprint to meet the growing demand from diversified construction segments namely roads, railways, energy and irrigation by being the next-gen 360° concreting solutions provider delivering world class concreting equipment.

ATMANIRBHAR BHARAT AJAX: INVESTMENT & EXPANSION PLANS IN 2021 

New Investment

AJAX Engineering, the World’s largest manufacturer of SLCMs has recently earmarked around INR 100 Crores for the allotment of 20 acres of land in Bangalore from Karnataka Industrial Areas Development Board (KIADB) as well as for building a new manufacturing facility. This investment was done to expand its robust business operations to meet the demands of the construction industry in the future. The new factory that spreads across 20-acres will be equipped with the state-of-the-art facilities to design and manufacture the newly introduced products, such as concrete Slip-Form Pavers, Boom Pumps and the Self-Propelled Boom Pumps. The annual production capacity for Boom Pumps and concrete Slip-Form Pavers would be 100+ units and 50+ units respectively. 

Expansion

A further investment of INR 40 crores is being done at Gowribidanur plant to expand its existing facility where batching plants and transit mixers are being produced.

Speaking about the investment & expansion plans, Mr. Jagadish Bhat, MD & CEO, AJAX Engineering, “With our indigenously manufactured product portfolio and engineering expertise, we have been catering to the Indian as well as the global market requirements. We are positive that this investment will further strengthen the ‘Atmanirbhar Bharat’ initiative and create employment opportunities for talented youth of the country.”

AJAX has always evolved over time by adapting to the needs of its customers with a clear and consistent goal towards becoming the most customer-centric organization with a strong customer focus. With the tailwinds of demand blowing in favor of concreting segment especially with a strong emphasis on indigenization, AJAX is an indigenous brand which has strategically aligned its product portfolio in line with the Indian government’s ‘Make in India; Make for the World’ programme by indigenizing its product portfolio offering state-of-the-art machines equipped with top-class technology manufactured at its Bangalore plant for the complete bandwidth of construction infrastructure segments. Furthermore, the implementation of the USD 1.4 trillion National Infrastructure Pipeline (NIP) plan spread over the next five years, will ensure a steady demand for the CE equipment in coming years. Focus from the government on infrastructure spending is very high where road project awards in April-September 2020 have grown by 140 percent and 23 expressways have been announced with the targeted completion between March 2023 and March 2025.

AJAX has been a leader in the industry with its cutting-edge digital and technological innovations at par with global standards. Leveraging technology to offer innovative products has been AJAX’s strength all through. AJAX is committed to embracing digital transformation and is constantly re-inventing itself. Being the market leader in SLCMs, AJAX is dedicated to developing cutting-edge features to provide product accuracy and reliability in terms of technological advancement in our concreting machines. Some of the latest innovation is “Load Cell Weigh Batching System” for SLCM, which ensures a higher level of accuracy in the weight management of aggregates and ensures compliance to IS4925 which no other SLCM manufacturer offers today.

AJAX is renowned for its in-house engineering expertise, and is proud to introduce the first Slip -Form Paver designed, engineered and manufactured in India. It is a versatile machine for concrete paving projects and is the best solution for your paving needs. The Slip-Form Paver was launched during EXCON 2019. The new, specialized paving machine is the first-of its kind in India with low noise, excellent fuel efficiency, reliability and durability – advantages that add significant value and appeal to end users.

AJAX – SLIP-FORM PAVER SPX 1204

IMPORT SUBSTITUTE: AJAX concrete Slip-Form Pavers are import substitutes working in line with the Government of India’s plan of Atmanirbhar Bharat where we are also working in this area to align ourselves to be self-reliant and have as many as components locally and make it a product made in India for the world. 

AJAX Boom Pump is another marquee product resonating with the ‘Made in India’ theme as the Concrete Boom Pumps have been revolutionizing the construction of large commercial & residential buildings and structures. AJAX’s Boom Pumps have overseen deployment in various application & have been proficient for urban mega infrastructure projects commercial and office buildings, high rise segment, commercial retail spaces, bridges, airports and various projects under the Smart Cities’ initiative led by the Government of India. 

Boom Pump – A25ZX

With the continuing growth and evolution of the concreting industry, AJAX stays in the forefront of technological advancement, benchmarking processes and best practices delivering customer-centric solutions.

About AJAX Engineering

Business Mantra: CUSTOMER FIRST always, Wherever the need is, Whenever the need arises for, Whatever the nature of need of the Construction Industry.Profile: AJAX was established in the year 1992 for manufacturing Self-Loading Concrete Mixer and today is the Global Leader in this product. Over the years, it has substantially expanded its product range to Concrete Batching Plants, Transit Mixers, Stationary Pumps, Boom Pumps, Self-propelled Boom Pump, & Slip-form Paver and has now become a complete next-gen 360° concrete solutions provider starting from concrete PRODUCTION, TRANSPORT, PLACEMENT & PAVEMENT offering end-to-end solutions. A truly ‘Made in India’ brand, AJAX Engineering has established itself as a global leader in manufacturing Self-Loading Concrete Mixers. With over 2 decades of experience in catering to the construction business, the company has been a catalyst of change for the industry with its cutting-edge digital and technological innovations at par with global standards. The full-fledged team of skilled engineers of AJAX is trained to handle both preventive and reactive maintenance during emergencies. Today, the company has over 19,000 equipment working satisfactorily across the length & breadth of the country in various sectors. AJAX has a wide geographical spread with more than 30 Dealers across the Country and over 100 touch points catering to the sales & after-sales support to its customers. AJAX has a robust network of service capabilities with dedicated service centres in Hyderabad, Hubli, Madurai, Raipur, Surat, Faridabad & Ranchi having fully equipped facilities to Maintenance, Repair, and Overhaul (MRO) equipment under stringent conditions. With a reliable & unmatched dealer network in India, Nepal and Bhutan, the company has entered into the international markets and has its setup distribution networks in Bangladesh, Sri-Lanka, Myanmar, Mozambique, Philippines, Kenya, Tunisia, UAE, Vietnam, Cambodia, Oman, Uganda, & Egypt.

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ConstructionNews Room

IQI India plans to invest Rs 100 crore to acquire grade A commercial and retail assets

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written by admin

Malaysia-headquartered IQI, a real estate agency and advisory firm, has launched operations in India with plans to invest Rs 100 crore to acquire grade A commercial and retail assets in the country, a senior official said.  Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and commercial projects. 

“We have already identified assets, which we will acquire in coming days. To start with, Rs 100 crore investment will be made, which will grow as we progress. We will monetise the acquired property at the right time,” said Pankaz Jaiin, Managing Director & CEO, IQI India. 

The company has also acquired Wealth Visory Capital, a Delhi-based boutique consultancy firm, at an undisclosed amount. According to Jaiin, the company will only focus on property worth over Rs 10 crore in the residential segment.

“We have merged our operation with IQI India and will help them in expanding the residential business in India. But the focus would be on Lutyens and South Delhi in NCR and prime properties in Mumbai and Bengaluru,” said Pradeep Prajapati, founder of WealthVisory Capital, who will now head luxury residential service for IQI India.

In the commercial segment, the company sees a lot of opportunity in and around Noida with the announcement of Jewar airport. 

“A lot of builders sell the grade A assets and we will acquire prime property at prime location and will earn rental before we liquidate it. Besides, we will also focus on new asset classes like warehousing and data centres,” said Jaiin. 

IQI has regional offices in 17 countries across 5 continents. 

“Most of the advisory firms are limited to facilitating the transaction but we will acquire the property and invest in it. All the properties be it commercial or residential, will be in central business districts so that we can get the maximum return,” said Yovesh Suri, Director, International Sales, IQI India. 

The global team of IQI will help the Indian team in getting the business from other countries as HNIs are willing to invest in India.

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Construction & Equipment Industry

Volvo excavators deliver versatility and power for Australian earthmoving company

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Action Dirt Works relies on a fleet of excavators from Volvo Construction Equipment to deliver reliable results on earthmoving projects.

Established in 2019, Action Dirt Works deploys a fleet of five Volvo compact and medium-sized excavators for a wide range of earthmoving projects across the Melbourne area. Action Dirt Works’ fleet includes an ECR25D, ECR35D, two ECR58D and an ECR145CL excavator. Mitch Bartlett, the owner of Action Dirt Works, purchased this line of brand-new excavators from local dealer CJD Equipment. The machines have worked on a diverse range of projects such as swimming pools, horse arenas and dams. Most recently, the excavators were deployed to work at a private SXS racetrack and an ornamental dam in Gough’s Bay. 

Flexible attachments 

Bartlett says the versatility of Volvo excavators is ideal for the niche earthmoving projects the company handles, especially since they come with a wide range of attachments for different applications and conditions. 

One attachment that Action Dirt Works has found especially useful is the tiltable ditching bucket, which can tilt laterally and 45 degrees throughout the work process. The tiltable ditching bucket has proved invaluable for tasks like landscaping, ditch work, grading and backfilling. 

“We have run tilt hitches on most of our diggers for a long time now. When we first started using them, everyone was blown away by how good they were and how well we could finish off our jobs,” Bartlett says. “We are currently looking at upgrading our Volvo ECR145CL to the latest E-Series, which offers all the latest technology and will increase productivity. We are also looking at fitting it out with a tilt rotator head.” 

Strong dealer relationship 

Bartlett has had a strong relationship with the staff at CJD Equipment since his first purchase four years ago. In particular, he appreciates the exceptional customer service the dealership provides from start to finish. 

“Our experience with CJD Equipment is very good – the sales team made the whole process from quote to delivery an enjoyable experience,” Bartlett said. “Also, their after-sales service is second to none. From onsite support and servicing to the workshop, they are awesome. I can’t praise their knowledge and products highly enough.” 

With support from CJD Equipment and Volvo CE, Mitch Bartlett is enjoying running a thriving business. And he’s ready to write the next chapter in the company’s history, relocating his company from its Melbourne base to the Gold Coast, taking his fleet of Volvo CE machines with him. 

For further information, please visit www.volvoce.com

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Construction

Jindal Stainless (Hisar) Limited Received Global Environment 2020 Award

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Jindal Stainless (Hisar) Limited (JSHL) has been awarded the First Prize at the prestigious ‘Global Environment Awards 2020′ in the ‘Platinum’ category. Instituted in 2010, the Global Environment Awards recognise outstanding contribution by individuals as well organisations in the field of sustainable environmental practices. The virtual award ceremony was organised on December 16 by the Energy and Environment Foundation. The event was inaugurated by Hon’ble Union Minister for Jal Shakti, Shri Gajendra Singh Shekhawat. Other dignitaries present at the event included Minister of Foreign Affairs, Australia, Senator Hon Marise Payne; Minister of Resources, Australia, Hon Keith Pitt; Secretary, Ministry of  Jal Shakti, Mr U P Singh, and Australian High Commission in India, Mr Barry O’Farrell.

Commenting on this achievement, Director, Jindal Stainless (Hisar) Ltd., Mr Jagmohan Sood said, “JSHL is committed to sustainable manufacturing and is seamlessly optimising its energy consumption at the Hisar facility. The Company has significantly increased its use of environment-friendly bio-fuel, as part of its total thermal energy consumption, by a margin of 157% in the last two years. As a business philosophy, we believe that environment is a key stakeholder in our industry. This award is a testimony to our efforts in this direction.”

In its pursuit of sustainable business, JSHL has undertaken several steps. The Company has successfully reduced its Specific Energy Consumption (SEC) by 6.3% in the last three years. Consequentially, JSHL has been successful in reducing its carbon footprint by 16,674 tonnes in the last three years. Apart from this, the Company undertook major initiatives aimed at reducing traditional energy consumption. These include replacement of conventional lights with LED lights, installation of high efficiency water pumps, and adoption of a 650 kW rooftop solar PV system. These steps have helped the Company reap benefits like clean energy, zero CO2 emission, and annual power generation of 8.5 lacs kWh. All these efforts led to JSHL becoming the first stainless steel plant in India to receive the ISO 50001:2018 certification.

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ConstructionEngineering Products

Stainless steel industry seeks relief on import duties on key raw materials to spur domestic production

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Exempt 2.5% Basic Customs Duty on import of key raw materials
Increase Basic Customs Duty on imports of finished stainless-steel flat products to bring at par with carbon steel

The Indian stainless-steel industry has urged the Union government to slash the existing import duties on key raw materials in the upcoming Union Budget 2021-22. In its recommendations to the Ministry of Finance, Indian Stainless Steel Development Association (ISSDA), the apex body representing the domestic industry, has appealed to exempt the 2.5% Basic Customs Duty (BCD) levied while importing key raw materials, including ferro-nickel and stainless steel scrap. Presently, both these raw materials are unavailable in the country, making their import mandatory. ISSDA has also sought abolition of the existing 7.5% import duty on graphite electrodes, a critical component in stainless-steel manufacturing, as they constitute a major share of input cost. Additionally, ISSDA has sought an increase in the import duty on stainless-steel flat products to 12.5%, to bring it at par with carbon steel products, in order to check undue imports. ISSDA asserted that these measures, if undertaken, will not only boost domestic manufacturing but also curb undesired stainless-steel imports, thus spurring the ‘Make in India’ movement.

Mr K K Pahuja, President, ISSDA said, “The Government has set in motion a wave of reforms to boost economic growth and the Indian stainless-steel industry is ready to contribute to the ‘Atmanirbhar Bharat’ vision. This is the optimum time for the government to stop considering essential raw materials as source of revenue and provide stimulus to domestic manufacturing by exempting duties on importing critical raw materials. This step will improve the competitiveness of the domestic industry and in turn, provide impetus to the hard hit MSME segment, which has a 40 % share in the domestic stainless-steel industry. Additionally, undue imports have harmed the domestic industry which is operating at 60% of its capacity and is financially stressed after COVID-19 related disruptions. We request the government to rationalize the duty structure in order to catalyze the revival of this sector that has immense potential to generate additional jobs.”  

India continues to be the second largest producer and consumer of stainless-steel in the world. High input costs, coupled with imports from FTA countries, have eroded the global competitiveness of Indian companies. Undeterred by trade challenges, the Indian stainless-steel industry has consistently demonstrated 8-9% growth in the past few years, as compared to about 5% exhibited globally. This growth was made possible due to capacity building and modernization initiatives undertaken over the last 15 years, along with aggressive market development efforts by the industry. The demand for stainless-steel in India is growing at a compound annual growth rate (CAGR) of ~8-9% across a spectrum

of applications. Moreover, a lower per capita consumption of stainless steel at ~2.5 kg against the world average of 6 kg highlights an immense untapped potential for stainless-steel usage in India. Stainless-steel provides sustainable solutions with lower lifecycle costs across diverse applications, such as Public Transport, Buildings & Construction, Process Industries, and Food Processing etc.  

About ISSDA:
Established in 1989 by leading stainless steel producers, Indian Stainless Steel Development Association (ISSDA) was formed with the explicit objective of diversifying the applications of stainless steel and increasing usage volumes in the country. At the time of inception of ISSDA, the main visible application in daily life was essentially household kitchenware, which has now diversified significantly. Through the focused efforts of ISSDA and its member companies, the widespread and visible use of stainless steel in different walks of life is all too evident, especially in the Architecture, Building & Construction (ABC) and the Automotive, Railway and Transportation (ART) sectors. The technical strength of ISSDA is derived from its close association with the Nickel Institute, the International Stainless Steel Forum (ISSF), and close collaboration with more than 20 stainless steel development associations around the world. As a result of these efforts, India has now emerged as the second largest stainless-steel producer and consumer in the world.

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Construction & Equipment IndustryElectrical Power Industry News

ECGC: Empowering Exports

by Industrial Outlook
written by Industrial Outlook

ECGC, a premier Export Credit Agency (ECA) of Government of India (GOI) established in 1957, provides credit insurance covers to exporters against non-payment risks by the overseas buyers due to Commercial and Political reasons. It also provides insurance covers to banks against risks in export credit lending to the exporter borrowers. ECGC endeavors to support Indian Export Industry with its experience, expertise and underlying commitment to progress and advance of India’s exports.  ECGC promotes both Short Term (ST) exports (i.e. export realization within one year) and Medium and Long Term (MLT) exports (i.e. export realization extending over a period of more than one year). 

In all, there are 19 insurance products for exporters, 11 insurance Products for banks and 12 insurance products for Medium and Long-term Exporters/Banks.   Further, ECGC also provides Customized Covers to meet specific requests of exporters.  It has also introduced Factoring facility to MSME Sector and cover in foreign currency to Special Economic Zone Exporters.  

Risks Covered

Broadly, under policies the commercial risks covered are insolvency of the buyer, protracted default by the buyer to pay for the goods and the failure of the buyer to accept goods subject to certain conditions. The coverage also includes default and insolvency of overseas banks that open L/C as well as losses arising on account of non-payment due to discrepancies which do not materially alter the terms, subject to certain conditions.

The political risks covered are imposition of restriction on remittances by the Government in the buyer’s country or any Government action which may block or delay payment to the exporter, war, revolution or civil disturbance in the buyer’s country, new import licensing restrictions or cancellation of a valid import license in the buyer’s country after dispatch of goods by the exporter, cancellation of export license or imposition of new export licensing restrictions in India after the effective date of contract (under Contracts Policy) and payment of additional handling, transport or insurance charges occasioned by interruption or diversion of voyage which cannot be recovered from the buyer. 

Some of the major policies for Short Term Covers are as follows:

  1. Shipments (Comprehensive Risks) Policy: For Exporters whose anticipated annual export turnover is more than Rs.500 lakhs will be eligible for this Policy. This is a Standard Whole-turnover Policy wherein all shipments are required to be covered under the Policy.
  1. Exports (Turnover) Policy: Turnover Policy is for the benefit of large exporters who contribute not less than Rs.20 lakhs per annum towards premium. The policy envisages projection of the export turnover of the policyholder for a year and the initial determination of the premium payable on that basis, subject to adjustment at the end of the year based on actual. This is a Standard Whole turnover Policy wherein all shipments are required to be covered under the Policy.
  1. Single Buyer Exposure Policy: This policy is provided to insure exporters having a large number of shipments to a particular buyer with simplified procedure and rationalized premium. An exporter can choose to obtain exposure based cover on a selected buyer. The cover would be against commercial and political risks. The option to exclude L/C shipment is available.
  1. Multi-Buyer Exposure Policy: This policy is suitable for exporters who export to a large number of buyers and the number of shipments made by them is quite high. If the transaction is on L/C terms, failure of the L/C Opening Bank in respect of exports against L/C will also be covered.
  1. Small Exporters Policy: An exporter whose anticipated annual export turnover for a period of one year does not exceed Rs.500 lakhs is eligible for this Policy. This is a Standard Whole turnover declaration based Policy wherein all shipments are required to be covered under the Policy.

ECGC’s Export Factoring Facility:

Under this policy, ECGC will enter into an agreement with the exporter to purchase the export receivables without recourse and assume credit risks on the overseas buyer. If the buyer defaults, the payment for undisputed liability will be made by ECGC.  This is designed for exporters who fall under the category of MSME as per MSMED Act 2006 and have minimum three years experience in exports with good track record.

Visit us on www.ecgc.in

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Equipment

Hitachi ABB Power Grids expands Tropos portfolio with wireless strategy for industrial communications

by Industrial Outlook
written by Industrial Outlook
New future-proof hybrid solution integrates cellular, self-healing broadband mesh technologies and partner sub-GHz technologies to enable a growing number of industrial applications.

Hitachi ABB Power Grids has introduced its new wireless communication solution with the launch of the next generation Tropos TRO600 portfolio. The business entity will introduce a hybrid wireless architecture, seamlessly integrating 2G, 3G and 4G LTE communication technologies, self-healing broadband mesh and select sub-GHz technologies from its eco-system partners into a single device. 

The new TRO600 series builds on the Tropos foundation of high availability, proven reliability, IP standards-based security, high throughput and low latency products. The solutions help to future-proof mission critical operations in industrial and utility environments.

“Expanding applications require our customers to change the way they operate their communication networks. With Hitachi ABB Power Grids’ new wireless portfolio, we are introducing a comprehensive hybrid network that addresses unique operating challenges of disparate, purpose-built communication networks,” said Massimo Danieli, Managing Director, Grid Automation business unit, Hitachi ABB Power Grids. “TRO600 is backward compatible for legacy investment protection and is future-proof for many years to come. Edge-compute capability will enable our customers’ digital transformation journey to an increasing number of Industrial IoT applications,” he added.

The new TRO600 portfolio of wireless products offer the optimal combination of technologies to meet multiple use cases in mining, oil and gas, utilities and smart cities, and are configured to the customers’ specification. The hybrid approach unifies communications to all devices, ensuring fast, secure, and reliable connectivity for each operational need. The solutions provide a combination of interoperable technologies on a single communication network, enabling applications for edge devices, mobile devices and field networks. This powerful hybrid combination will be fully factory integrated for increased reliability, ease of deployment and reduced total cost of ownership.

Hitachi ABB Power Grids wireless solutions share Supros, a unified network management platform, enabling simpler and more efficient network deployment and operation. The Supros network management system, with powerful visualization tools, manages all the radios in the Tropos network from a single console.

About the Tropos TRO600 portfolio

The Tropos TRO600 portfolio offers a mix of public and private communication technologies including 3GPP, 2G, 3G and 4G LTE and wireless mesh for high reliability and performance, supporting the widest range of operational requirements. TRO600 comes with dual-SIM configuration for an always-on, reliable mobile connection. Customers can reduce expenses by switching network traffic between 3GPP options and mesh for the lowest operating cost. 

The TRO600 family also supports feature upgrades to meet the needs of future applications, thereby reducing the risk of technology obsolescence and ensuring a long network lifecycle. Hitachi ABB Power Grids’ wireless technology roadmap will enable the smooth transition of industrial customers’ communication infrastructure to robust, state-of-the-art networks based on 5G and Wi-Fi 6, in the future.

The TRO600 provides the essential security needed for mission critical, industrial grade wireless networks. Advanced security features include secure storage of keys and credentials, device certificates and comprehensive options for encryption and authentication. The TRO600 is an all-in-one, factory integrated, ruggedized router, designed for reliability, security and ease of deployment.

Source: Hitachi ABB Power Grids Ltd.

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ConstructionNews Room

NHIDCL expedites DPR work on World’s Longest High-Altitude Shinkun La Tunnel

by Industrial Outlook
written by Industrial Outlook
The tunnel will help keep Manali – Kargil highway operational throughout the year

National Highways & Infrastructure Development Corporation Limited (NHIDCL) under Ministry of Road, Transport & Highways has speeded up the detailed project report (DPR) work on the World’s Longest High-Altitude Shinkun La Tunnel (13.5 Km long) along with its approach roads in UT of Ladakh and Lahaul-Spiti district of Himachal Pradesh. On completion of this tunnel, the Manali – Kargil highway will remain open throughout the year.

Government of India is giving priority to build Infrastructure in border areas of UT of Ladakh and Himachal Pradesh. In order to take a holistic view for improving the road connectivity and its availability throughout the year, a team of senior officers of NHIDCL led by its MD Shri K K Pathak travelled by road from Leh to North and South Portals of Shinku La Tunnel via Padum for two days, travelling for almost 12 hours a day. During this 5-days visit of Ladakh sector, the team visited the North and South Portals of Shinkun La tunnel and conducted detailed review of Geotechnical Investigations being carried out at the site by the DPR Consultants. 

During the course of inspection of the works, Shri Pathak stressed upon expediting the project work in Portal areas so as to finish it latest by 15th Oct 2020 before onset of winter season as the area experiences very heavy snowfall. Locals present on the site lauded the efforts of NHIDCL to improve connectivity in the remote and inaccessible areas of Ladakh and Lahaul & Spiti District.

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Equipment

Fastest Infrastructure Development Is A Key For Compactors Market Growth

by Industrial Outlook
written by Industrial Outlook

The transport infrastructure sector is the fastest expanding component of the country’s infrastructure sector. India has the one of largest road networks across the world, spanning over a total of 5.5 million km.

India Compactor Market is expected to witness significant growth over the coming years on account of several upcoming projects such as the expansion of public infrastructure, the establishment of new industries as well as a growing number of small and medium enterprises (SME’s) in the country. However, the Indian construction and infrastructure sector is likely witnessing a slowdown in the first three quarters of 2020, mainly due to the outbreak of the COVID-19 virus, which is having a negative impact on the overall economy and would act as a hurdle in the growth of India compactor market in the near term considering the current market response. Recently we have noticed a slowdown in the construction industry which has directly impacted equipment demants in the market. Few months before the government of India has come up with “Vision 2030” initiative aiming to be a $5 trillion economy by 2025 and $10 trillion economy by 2030, the foremost dimension of achieving this vision is to build physical infrastructures such as next-generation roads, railway, seaport, airports, urban transport, and inland waterways. The government of India and Invest India have come up with “India Investment Grid” (IIG) aiming to provide different investment options to global investors in 5000 projects from across the 36 states and union territories. Such initiatives would create ample demand for compactor equipment in the Indian market.

India has the second largest road network in the world, spanning a total of 5.89 million kilometres (kms). This road network transports 64.5 per cent of all goods in the country and 90 per cent of India’s total passenger traffic uses the road network to commute. Road transportation has gradually increased over the years with improvement in connectivity between cities, towns and villages in the country. 

Highway construction in India increased at 21.44 per cent CAGR between FY16-FY19. In FY19, 10,855 km of highways were constructed, and the Government has set a target for constructing 12,000 km of national highways in FY20. In March 2020, NHAI (National Highways Authority of India) accomplished the highest ever highway construction of 3,979 kms. 

In April 2020, the Government set a target of constructing roads worth Rs 15 lakh crore (US$ 212.80 billion) in the next two years. The development of infrastructure and road network is the key growth path of compactors equipment and all others construction machinery. The compactors market size is expected to grow at 3% CAGR between 2020-2025.

By types, stationary compactor equipment is anticipated to register significant growth throughout the forecasted period on account of an increase in usage of the stationary compactor in the construction and industrial sector for compacting crushed rock, grading, compacting the backfill in narrow trenches and compacting refuse vehicles. The government of India has come up with an initiative to encourage public-private partnerships (PPP’s) and foreign investors to participate in several infrastructure projects such as coastal road project, char Dham highway, char Dham railway, Chenab bridge, eastern dedicated freight corridor, kalpasar project, and Delhi-Mumbai industrial corridor project, thus creating demand for compactor equipment in the upcoming years. 

Fuel efficiency of compactors 

The technology upgradation is increasing y-o-y by manufacturers and the demand for fuel efficiency compactors are in trend. Manufacturers are also focusing on coming out with machines that are fuel-efficient and require minimal maintenance, all adding to the good news for contractors. With competition, intensifying suppliers are concentrating on coming out with machines that would ideally suit Indian working conditions, where typically these machines would be put through more number of work cycles, as compared to the developed world. Global players who have entered the fray in India have been getting feedback from end-users and have been focusing their R&D towards machines that are specifically suited for India. A rapidly evolving market, India is today on the radar of almost every leading global manufacturer of compaction equipment. Competition is getting intense by the day and suppliers are banking on innovative product features and technology to woo customers. A lot of focus is also on offering environment-friendly and fuel-efficient engines these days. And manufacturers are working on new and competitive innovation to reduce the fuel consumption, motion and automation, real time report etc as per the demand of the compactors market.

Impact of Covid-19 in Road Compactor Market

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the WHO (World Health Organization) declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Road Compactor market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future. New constructions have been slowed down due to short cash flow in this segment. All the infrastructure development work is going slow because of less manpower. All the aspects hit the demand of new compactor in the market. The economy has started recovering itself but it’s not a one day process. It may take a few quarters to come back as a normal cycle.

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Construction & Equipment IndustryUpdates

Construction activity can be fast tracked via LGS Construction Technology

by Industrial Outlook
written by Industrial Outlook

Construction activity can be fast tracked by using Light Gauge Steel (LGS) Construction Technology as India readies itself for a construction boom. 

This was discussed at a webinar organized by Hindustan Zinc NSE 0.68 % Limited in association with International Zinc Association (IZA), a leading industry association dedicated to the interests of zinc, on Future of Construction with a special focus on Zinc Coated Light Gauge Steel Framing (LGSF). 

The webinar was held to discuss the pressing issues of construction industry and mull over alternate sustainable technologies such as Light Gauge Steel Framing (LGSF). With traditional methods of construction struggling to keep up with the international standards for better, more efficient, affordable buildings and issues pertaining to sustainability, many leading players in the construction industry are turning to alternative methods to solve these problems – one of the technology that is leading the way is – Cold Form Steel construction (CFS), also known as Light Gauge Steel (or LGS).  The webinar was chaired by Dr. Shailesh K. Agrawal, Executive Director – Building Material & Tech. Promotion Council, Ministry of Housing and Urban Affairs, Government of India along with Mr. Arun Mishra – CEO, Hindustan Zinc Limited, Mr. Harssha Shetty – CMO, Hindustan Zinc Limited, Mr. Kenneth D’Souza, Technical Expert, IZA Canada and Dr. Rahul Sharma – Director, IZA India. The webinar highlighted the

application of steel in new building material technologies, global use and application of LGFS and its application for commercial and residential construction in India, design and fabrication of Galvanized steel for commercial and residential buildings. 

Light Gauge Steel Framing (LGSF) or Light gauge steel construction is very similar to wood framed construction in principle – the wooden framing members are replaced with thin galvanized steel sections. The steel sections used here are

called cold formed sections, meaning that the sections are formed, or given shape at room temperature. Light Gauge Framing System (LGFS) buildings can be used as substitute of RCC/traditional buildings. It is used to create frames for external walls, floor, internal walls etc. These are used as the base on which suitable boards and materials are used to cover the framing. LGSF buildings look similar to traditional RCC buildings after completion. 

Addressing the participants in the webinar, Dr. Shailesh K. Agrawal, Executive Director – Building Material & Tech. Promotion Council, Ministry of Housing and Urban Affairs, Government of India said: “India is one of the largest growing economy and construction sector is emerging as the third largest sector globally; it may reach US $750 billion in value by 2022.” 

The Government of India and Ministry of Housing and Urban Affairs is committed to bolster the economy and have been

working with leading associations and corporates to bring in the right technology in the housing sector, he added. The ministry aims to build 11.2 million houses by 2022 and to achieve this number, it needs technology that offers speed, quality, safety and reduces waste. 

“LGSF is a leading technology that will fast track the construction process by 200% helping the ministry and related bodies construct more houses with minimum cost and environment footprint, the official further added.  

“The need of the hour is to mainstream these technologies in the construction industry. I would like to thank Hindustan Zinc Limited and International Zinc Association for taking a lead in spreading awareness about sustainable technology that will not be only be cost effective but corrosion free,” Agrawal said. 

Highlighting the benefits of LGFS, Kenneth D’Souza – Technical Expert IZA Canada said: “Light Gauge Steel Framing is a modern and efficient construction technology which is getting popular all over the world. In addition to offering strength to the overall structure, it also allows greater design flexibility at lesser costs.” 

As the government of India looks to strengthen Indian infrastructure, it calls for the need to adopt durable, sustainable and proven construction technologies, like zinc coated LGSF, he added. 

This form of construction, very prominent in developed nations like Europe and New Zealand requires minimal usage of heavy equipment, less water and sand as compared to conventional structures, is corrosion resistant and recyclable – making it a complete green construction technology solution. 

Speaking on the occasion, Arun Mishra, CEO, Hindustan Zinc Limited said: “As India is on its way to large-scale infrastructure expansions, use of galvanized steel in construction is set to rise. Use of Zinc coated Light Gauge Steel Framing system is known to offer greater durability, exceptional corrosion resistance that results in safer structures with less maintenance.” Moreover, it is 100% recyclable and hence environment friendly.

“As we ready ourselves for the rapid urbanization and infrastructure boom, it is imperative to use right kind of construction technology along with galvanization of the structures that will not only ensure a long-life but also the safety and security of the public using these structures daily,” Mishra said. 

Source: ET

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