ICEMA reports 5% increase in CE sales to 28,902 units for Q1 FY25

20 Aug 2024 CW Team

India's construction equipment industry saw a 5% increase in sales, reaching 28,902 units during the April-June 2024-25 quarter, according to a report. The Indian Construction Equipment Manufacturers' Association (ICEMA) noted that sales had been 27,577 units in the same period the previous fiscal year.

"The first quarter of FY2024-25 saw a 5% year-on-year growth from 27,577 units in Q1 FY2023-24 to 28,902 units in Q1 FY2024-25," the report stated.

This growth was driven by increased sales in three out of five key equipment segments: earthmoving equipment (+5%), road construction equipment (+9%), and concrete equipment (+11%). However, material handling and processing equipment saw declines of 3% and 4%, respectively. On a quarter-on-quarter basis, Q1 FY25 sales were 29% lower than the 40,965 units sold in Q4 FY24.

Out of the 28,902 units sold in Q1 FY25, 26,020 were in the domestic market and 2,882 were exported. The breakdown by segment includes 19,858 units of earthmoving equipment, 3,760 units of material handling equipment, 3,199 units of concrete equipment, 1,457 units of road construction equipment, and 628 units of material processing equipment. In June 2024, sales totaled 9,363 units, marking a 2% decline from May but a 5% increase from June 2023’s 8,889 units.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..