Roads, irrigation and urban infra are driving growth

02 Jan 2019 Editorial Team

DK Vyas, CEO, Srei Equipment Finance, speaks on the equipment market and its key growth drivers.

One pathbreaking offering: Most equipment we finance has inbuilt sensors. It is either inbuilt by the OEM or we put one in. The second technology is data analytics, which helps one to assess risks better. Analytics helps devise new products, assess them proactively and find solutions for our customers and OEM partners. Besides, we have invested in iQuippo, a platform that brings together all stakeholders, such as OEM partners, financers, stakeholders, customers, etc.

Demand drivers in 2019: Three key sectors – the roads sector, irrigation and urban infra – are driving the growth of the construction equipment industry. Around 60 per cent of the equipment is earthmoving equipment, which is multi-usage and can be used for roads, irrigation, urban infra, etc.

Announcement contributing to the company’s growth in 2018: iQuippo is one area where we are thinking of expanding. Our whole strategy has been to use technology to expand the marketplace.

Challenge for the company in 2019: After the IL&FS issue, the biggest challenge for finance companies and NBFCs is raising resources as most NBFCs were dependent on raising resources from banks. We have always believed in diversifying our liability side to reduce dependency on banks and simultaneously focus more on raising resources through ECBs, bonds, assignments, etc. Diversification is an ongoing endeavour for us.

Key strategy to success in 2019: Our strategy has been to keep developing innovative product offerings and continue to make the business model robust enough so that our customer gets a lot of value.

Recommendation for growth of the construction equipment market: We are a part of ICEMA and have been talking about sustainable growth for quite some time now. Sustainable growth will come from environment-friendly equipment. We have recommended the CEMM Act, on behalf of ICEMA, to regulate construction equipment.

DK Vyas, CEO, Srei Equipment Finance, speaks on the equipment market and its key growth drivers. One pathbreaking offering: Most equipment we finance has inbuilt sensors. It is either inbuilt by the OEM or we put one in. The second technology is data analytics, which helps one to assess risks better. Analytics helps devise new products, assess them proactively and find solutions for our customers and OEM partners. Besides, we have invested in iQuippo, a platform that brings together all stakeholders, such as OEM partners, financers, stakeholders, customers, etc. Demand drivers in 2019: Three key sectors – the roads sector, irrigation and urban infra – are driving the growth of the construction equipment industry. Around 60 per cent of the equipment is earthmoving equipment, which is multi-usage and can be used for roads, irrigation, urban infra, etc. Announcement contributing to the company’s growth in 2018: iQuippo is one area where we are thinking of expanding. Our whole strategy has been to use technology to expand the marketplace. Challenge for the company in 2019: After the IL&FS issue, the biggest challenge for finance companies and NBFCs is raising resources as most NBFCs were dependent on raising resources from banks. We have always believed in diversifying our liability side to reduce dependency on banks and simultaneously focus more on raising resources through ECBs, bonds, assignments, etc. Diversification is an ongoing endeavour for us. Key strategy to success in 2019: Our strategy has been to keep developing innovative product offerings and continue to make the business model robust enough so that our customer gets a lot of value. Recommendation for growth of the construction equipment market: We are a part of ICEMA and have been talking about sustainable growth for quite some time now. Sustainable growth will come from environment-friendly equipment. We have recommended the CEMM Act, on behalf of ICEMA, to regulate construction equipment.

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Real Estate

12 Sep 2025

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Infrastructure Energy

12 Sep 2025

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..