Pradeep Sharma, President of Action Construction Equipment (ACE), passed away on August 5, 2020.

12 Aug 2020 CW Team

An alumnus of the premier institute IIT Kanpur, Sharma began his career with the renowned multinational Metal Box Ltd as a Management Trainee. Since then, he has held various senior and top management positions with well-known organisations such as Toyota, Voltas, Bharat Forge and SP Group.

A veteran with almost four decades of experience in engineering and construction equipment industry, Sharma was serving as President of ACE and during the period, he has steered the company towards becoming number one in its major product segment – cranes. Under his leadership, ACE has won many prestigious awards, most notable ones being the ‘India’s Best Material Handling & Construction Equipment Manufacturing Company’, ‘Best Seller in Mobile Cranes Category’, ‘Top Challenger Award’, ‘India’s Most Trusted Company Award’ and ‘70 Most Trusted Power Brands of India’. He had been on the National Committee of Defence (CII) in the past and also involved actively in various industry fora.

He was a thorough gentleman and a well-wisher of ASAPP Info Global Group with his presence in the events organised by the Group and his contributions to the publications.

Mr Sharma’s demise is a loss for the construction and material handling equipment industry.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..