Indo Farm Secures Tower Crane Tech Transfer from Leading Chinese Firm

25 Apr 2025 CW Team

Indo Farm Equipment Limited (BSE: 544328, NSE: INDOFARM), a prominent player in India’s heavy equipment and agricultural machinery sector, has announced a major technology transfer agreement with Sichuan Hongsheng Heavy Machinery Co. Ltd., a top Chinese construction equipment manufacturer. The partnership is facilitated through Beida Commercial & Trade Company.

Under the agreement, Sichuan Hongsheng will transfer comprehensive design documentation and technical drawings for Stationary Type Tower Cranes to Indo Farm. This strategic move marks Indo Farm’s formal entry into the high-demand construction and infrastructure equipment segment, particularly the tower crane market.

The collaboration empowers Indo Farm to begin local manufacturing of advanced tower cranes, aligning with the government’s ‘Make in India’ initiative and supporting the broader goal of self-reliance in critical infrastructure technologies.

Shubham Khadwalia, Head of Construction Equipment at Indo Farm, commented, “This partnership is a game-changer. Gaining access to globally benchmarked tower crane technology from a leader like Sichuan Hongsheng significantly enhances our capabilities. It strengthens our product portfolio and offers Indian infrastructure companies world-class solutions with local support and cost efficiency.”

This development underscores Indo Farm’s commitment to innovation and global partnerships, positioning the company to play a key role in India's growing infrastructure sector. With rising demand driven by smart city development, real estate expansion, and large-scale infrastructure projects, Indo Farm is poised to become a major contributor to the nation’s construction equipment ecosystem.

(BSE)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..