BEML CMD Rajasekhar: Five factors that will boost demand for CE

25 Mar 2021 CW Staff

The recovery in the construction equipment (CE) industry has been surprising and sharp since July 2020. While part of the growth is optical, coming on a low base of the year, early recovery in the rural economy and strong road activity have spurred growth in the industry. A recent ICRA survey with CE dealers indicated a healthy improvement in demand for new machines; the dealers hope to register volume growth for FY21.

BEML’s new high-capacity earth-moving equipment reflects where the emerging demands are. Speaking on the demand diversity in CE sector, MV Rajasekhar, CMD (In-Charge) & Director (Mining & Construction) of the public sector enterprise and India’s largest earth moving equipment manufacturer, BEML Limited, says demand for CE is diverse and is expected to grow on the back of the government’s sharp focus on infrastructure, in turn emphasising the need for improved infrastructure.

Rajasekhar identifies five factors that were responsible for a pandemic-led impact on the industry, and five drivers of growth.

Read full interview here.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..