Construction Industry

Rising prices of steel and bitumen, geopolitical uncertainty, and continuing challenges in execution of infrastructure projects could moderate India's construction equipment industry growth in the current financial year, Shalabh Chaturvedi, Vice President of the Indian Construction Equipment Manufacturers' Association and Managing Director, India and SAARC, CASE Construction Equipment, has said. The industry had entered FY27 with expectations of stronger growth, but subsequent developments have necessitated a more measured outlook, Chaturvedi told PTI in an interview. "At the beginning of the financial year, the expectation was for double-digit growth. Considering the developments since then, we are looking at a more moderate, single-digit kind of growth. It is still growth, nonetheless," he said. Chaturvedi said escalation in input costs had emerged as an important challenge as the financial year progressed. Developments in West Asia had disrupted supply chains and contributed to .

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The domestic construction equipment industry is likely to register double-digit growth in the ongoing financial year as the pace of project execution, which has shown some positive momentum, is expected to grow further, ICEMA said on Wednesday. Speaking with reporters here, Indian Construction Equipment Manufacturers' Association (ICEMA) President V Vivekanand said, "Our expectation this year is that we should actually get back to double-digit growth." "But overall, as an industry, I am confident that we will have double-digit growth. Double-digit means at least 10 per cent growth compared to the previous year, which would mean that our 10-billion-dollar industry is likely to be at least 11 billion dollars by next FY26," The Indian construction equipment industry achieved a 3 per cent growth in FY25, with total equipment sales reaching 1,40,191 units compared to 1,35,650 units in FY24. While domestic market growth remained subdued at 2.7 per cent, the industry's overall performance

The model code of conduct in Q1FY25, an elongated monsoon period, and a shift to milestone-based billing in Q2FY25 significantly impacted construction activities, especially for road projects

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"When they stop our work, we don't just lose the wages. It's the food on our plates and the little we try to save for our children's future," says Raju Singh, a mason from Bihar. He was one of thousands of migrant and local construction workers rendered jobless following the November 11 ban on constructions, prompted by the Delhi-NCR's air quality plunging to hazardous levels. More such bans are likely to follow throughout the winter. While that is good news for the city's residents, the story is different for these construction workers. "Even though working in the polluted air makes it hard for us to breathe, I would rather work than sit idle," Raju Singh says, describing the crushing blow the restrictions have on his finances. These trysts with work stoppages have become an annual affair for him, and hundreds of others like him. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) -- a statutory body responsible for formulating ...

PNC Infra along with its arms PNC Khajuraho and PNC Bundelkhand Highways, has been disqualified from participating in any tender process by the MoRTH for a period of 1 year, starting from Oct 18.

In a bid to curb rising dust pollution during the winter months, Delhi Environment Minister Gopal Rai on Saturday unveiled a comprehensive 14-point construction guideline as part of the city's 'Winter Action Plan'. The rules aim to tackle dust pollution from the construction sites, which is a major contributor to the city's declining air quality, Rai said. He stated that these guidelines will be strictly enforced starting October 7 adding any violations after this date will lead to penalties with the repeat offenders facing a halt in the construction activities. The rules mandate that all construction sites must be covered with tin sheets to prevent dust from spreading into the surroundings. "People involved in any kind of construction work whether private, government or company-driven must ensure compliance with these rules," Rai emphasised during his press conference. Rai stated that all construction areas must be enclosed with tin sheets, vehicles transporting construction ...

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India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed