Road Ahead for CE Industry
ROADS & HIGHWAYS

Road Ahead for CE Industry

India’s road network has grown

59 per cent to become the second largest in the world in the last ten years. National highway construction in India increased at 9.3 per cent CAGR between FY16-FY24. With the government’s continued focus on infra-led growth, construction equipment (CE) industry is also witnessing robust demand. In fact, in FY24, the industry witnessed about 26 per cent growth compared to previous year.

Ranjan Sharma, Senior Director – Large Corporate Ratings, CareEdge Ratings, states, “There has been a significant focus of the Union government on infrastructure development in the country, as a result almost all segments like roads, ports, bridges, etc. are doing well. If one looks at performance of the top 18-20 listed EPC companies, their order books have been consistently growing YoY basis. Road construction pace in India in FY24 was one of the highest (i.e. 34 km per day compared to 28 km per day in the previous year), as large number of projects were awarded in the preceding two years. In FY24, the CE industry, which plays pivotal in infrastructure development, grew by 25 per cent (in terms of unit sold) led by earthmoving, material handling, as well as road CE.”

To read the full story Click Here

India’s road network has grown59 per cent to become the second largest in the world in the last ten years. National highway construction in India increased at 9.3 per cent CAGR between FY16-FY24. With the government’s continued focus on infra-led growth, construction equipment (CE) industry is also witnessing robust demand. In fact, in FY24, the industry witnessed about 26 per cent growth compared to previous year.Ranjan Sharma, Senior Director – Large Corporate Ratings, CareEdge Ratings, states, “There has been a significant focus of the Union government on infrastructure development in the country, as a result almost all segments like roads, ports, bridges, etc. are doing well. If one looks at performance of the top 18-20 listed EPC companies, their order books have been consistently growing YoY basis. Road construction pace in India in FY24 was one of the highest (i.e. 34 km per day compared to 28 km per day in the previous year), as large number of projects were awarded in the preceding two years. In FY24, the CE industry, which plays pivotal in infrastructure development, grew by 25 per cent (in terms of unit sold) led by earthmoving, material handling, as well as road CE.”To read the full story Click Here

Next Story
Infrastructure Urban

Sambhajinagar to Make 980 Villages Tanker-Free

The district administration of Chhatrapati Sambhajinagar has unveiled a major initiative to make 968 villages and 12 wadis entirely tanker-free under the Jal Samruddha Gaon Abhiyan.The campaign seeks to establish long-term, sustainable solutions to the district’s worsening water crisis, currently being managed through 263 water tankers. The scarcity has been caused by poor monsoon rainfall and declining groundwater levels across the region.As part of the first phase, officials will conduct a detailed survey of the affected villages and examine over 191 wells to assess the potential for refil..

Next Story
Infrastructure Urban

Srinagar to Anchor Inland Waterways Push in J&K

Srinagar has emerged as the central hub for a major initiative aimed at developing inland water transport (IWT) infrastructure across Jammu and Kashmir.The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has inaugurated a regional office at Transport Bhawan in Srinagar. The office will act as the nodal centre for planning and executing IWT projects throughout the Union Territory.The establishment of this office reflects the Union Government’s growing commitment to utilising the region’s river systems for sustainable and low-emission transpor..

Next Story
Infrastructure Transport

Gurugram Metro Phase 1 Clears Land Hurdle

Gurugram’s urban transport network is set for a major overhaul as Gurugram Metro Rail Limited (GMRL) moves forward with Phase 1 of its metro expansion. The project, valued at Rs 12.86 billion, will include a 15.2-kilometre elevated corridor with 14 stations, connecting Millennium City Centre to Sector 9, with an additional spur to Sector 101 on the Dwarka Expressway.In a key development, GMRL has received approval from the Haryana Shehri Vikas Pradhikaran (HSVP) to utilise over 5,800 square metres of land for the construction of 10 stations. These land parcels will accommodate vital infrastr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?