ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

12 Dec 2025 CW Team

The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak Mahindra Bank’s nationwide network. The agreement was formalised in Mumbai in the presence of Sorab Agarwal, Executive Director, ACE and Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank.

The initiative has been driven significantly by Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank, who oversees the bank’s construction equipment financing portfolio and has shaped a customer-centric framework to improve accessibility for buyers. Under the partnership, Kotak Mahindra Bank will extend financing solutions for ACE’s range of robust backhoe loaders, offering competitive loan structures, simplified documentation, and faster approval processes.

“As a customer-centric organisation, our core philosophy is to deliver value-for-money products that offer high productivity at a competitive price. This collaboration with Kotak Mahindra Bank will further strengthen our ability to support customers by enabling customized financing packages that cater to their diverse business needs. The partnership is designed to simplify the equipment purchase process, improve affordability, and support business growth by offering a wide range of financial solutions tailored to specific customer requirements,” said Sorab Agarwal, Executive Director, ACE.

With this alliance, ACE aims to make equipment acquisition more seamless, encourage business expansion, and contribute to India’s ongoing infrastructure development push.

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak Mahindra Bank’s nationwide network. The agreement was formalised in Mumbai in the presence of Sorab Agarwal, Executive Director, ACE and Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank.The initiative has been driven significantly by Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank, who oversees the bank’s construction equipment financing portfolio and has shaped a customer-centric framework to improve accessibility for buyers. Under the partnership, Kotak Mahindra Bank will extend financing solutions for ACE’s range of robust backhoe loaders, offering competitive loan structures, simplified documentation, and faster approval processes.“As a customer-centric organisation, our core philosophy is to deliver value-for-money products that offer high productivity at a competitive price. This collaboration with Kotak Mahindra Bank will further strengthen our ability to support customers by enabling customized financing packages that cater to their diverse business needs. The partnership is designed to simplify the equipment purchase process, improve affordability, and support business growth by offering a wide range of financial solutions tailored to specific customer requirements,” said Sorab Agarwal, Executive Director, ACE.With this alliance, ACE aims to make equipment acquisition more seamless, encourage business expansion, and contribute to India’s ongoing infrastructure development push.

Infrastructure Transport

12 Dec 2025

Railways Boosts Cyber Security And Fairness In Ticket Bookings

Indian Railways has said its reservation ticketing system is a robust and highly secure IT platform equipped with state-of-the-art cyber security measures. The national transporter has introduced several initiatives to enhance system performance and improve access to regular and tatkal tickets. A key step has been the large-scale revalidation and verification of user accounts. Since January 2025, around 30.2 million suspicious user IDs have been deactivated. Anti-bot tools such as Akamai have been deployed to filter non-genuine users, ensuring smoother booking for legitimate passengers. To c..

Infrastructure Transport

12 Dec 2025

Indian Railways Speeds Up Green Transition With Wider Electrification

Indian Railways is accelerating its modernisation drive by upgrading infrastructure and rolling stock with advanced technologies aimed at enhancing safety, punctuality, reliability and passenger comfort. A major focus of this effort is the transition to cleaner traction systems, with a significant reduction in the use of coal-based and diesel engines. Electrification has been taken up in mission mode. As of now, 99.2 per cent of the Broad Gauge (BG) network has been electrified, with the remaining routes under execution. During 2014–25, Railways electrified 46,900 route kilometres, compared..

Infrastructure Energy

12 Dec 2025

Centre Strengthens Cybersecurity Framework Across India’s Power Sector

The POWERGRID Centre of Excellence (CoE) in Cybersecurity has been established at the Indian Institute of Science (IISc), Bengaluru to advance research and development in cybersecurity for power grid operations and transmission systems. The initiative is part of India’s broader effort to build a resilient and secure power ecosystem. To strengthen cyber readiness across the sector, the Central Electricity Authority (CEA) issued the Cyber Security in Power Sector Guidelines, 2021, creating a comprehensive cyber assurance framework and governance structure for all power entities. Further, the ..