Why is India Buying Bigger Cranes?
Equipment

Why is India Buying Bigger Cranes?

Fast-paced growth in the infrastructure sector and urbanisation are spurring demand for high-capacity cranes. So much so that Karan Gandhi, Executive Director, Express Equipment Rental & Logistics, believes that high-capacity cranes are the future of Indian markets.

“The increasing complexity of construction and infrastructure projects will further increase the demand for specialised cranes with advanced capabilities, such as heavy lifting and precise positioning,” he says. “For instance, projects in Gujarat International Finance Tec-City drove demand for tower cranes and high-capacity crawler/mobile cranes to build and install tall structures.”

The sort of infrastructure projects being executed in India today are demanding higher-capacity cranes, agrees Praveen Sharma, Managing Director, ABC Infra. For instance, he points out that a 1,200-t crawler crane was operated jointly with a 700-t model and several 100-t/80-t cranes to lift loads upwards of 1,150 t while setting up Pachpadra Oil Refinery in Rajasthan. Other refinery projects in Panipat and Paradip, petrochemical projects and steel plant projects are driving this demand.

Additionally, the growing number of suppliers and crane models, their affordability and favourable credit terms and delivery timelines offered by Chinese players are also helping to boost demand for high-capacity cranes, says Sharma. “The Indian market is more spontaneous than other overseas markets; here, customers can’t really wait very long before taking delivery of a crane.”

Super tonnage cranes

The super tonnage 800-t crane segment market is expected to increase from about 10 units last year to 40+ units by the end of the ongoing year, observes Danish Kamal Lari, Business Director, Zoomlion India. “These models are typically imported.”

Behind this increase in demand, as Lari explains, are renewable energy power projects aiming to create 500 GW capacity of non-fossil fuel-based electricity by 2030 and fast growth in the steel and cement sectors. “With the Government encouraging Navratna companies to buy electricity from renewable sources to lower their carbon footprint, the wind energy sector especially is attracting many large companies and hence boosting demand for large cranes.”

To read the full story, CLICK HERE.

Fast-paced growth in the infrastructure sector and urbanisation are spurring demand for high-capacity cranes. So much so that Karan Gandhi, Executive Director, Express Equipment Rental & Logistics, believes that high-capacity cranes are the future of Indian markets. “The increasing complexity of construction and infrastructure projects will further increase the demand for specialised cranes with advanced capabilities, such as heavy lifting and precise positioning,” he says. “For instance, projects in Gujarat International Finance Tec-City drove demand for tower cranes and high-capacity crawler/mobile cranes to build and install tall structures.” The sort of infrastructure projects being executed in India today are demanding higher-capacity cranes, agrees Praveen Sharma, Managing Director, ABC Infra. For instance, he points out that a 1,200-t crawler crane was operated jointly with a 700-t model and several 100-t/80-t cranes to lift loads upwards of 1,150 t while setting up Pachpadra Oil Refinery in Rajasthan. Other refinery projects in Panipat and Paradip, petrochemical projects and steel plant projects are driving this demand. Additionally, the growing number of suppliers and crane models, their affordability and favourable credit terms and delivery timelines offered by Chinese players are also helping to boost demand for high-capacity cranes, says Sharma. “The Indian market is more spontaneous than other overseas markets; here, customers can’t really wait very long before taking delivery of a crane.” Super tonnage cranes The super tonnage 800-t crane segment market is expected to increase from about 10 units last year to 40+ units by the end of the ongoing year, observes Danish Kamal Lari, Business Director, Zoomlion India. “These models are typically imported.” Behind this increase in demand, as Lari explains, are renewable energy power projects aiming to create 500 GW capacity of non-fossil fuel-based electricity by 2030 and fast growth in the steel and cement sectors. “With the Government encouraging Navratna companies to buy electricity from renewable sources to lower their carbon footprint, the wind energy sector especially is attracting many large companies and hence boosting demand for large cranes.” To read the full story, CLICK HERE.

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000