A leading Indian contractor relies on Potain cranes for a landmark project.One of India´s largest contractors is using three of its seven´strong fleet of Potain tower cranes to build Wave One, a landmark commercial development in Noida. Leighton Welspun Contractors deployed the MC 125s at the job site in 2011 and they will continue to work 22 hours a day,

Heidaigou coal mine in China has added two new Grove rough terrains to its fleet of cranes. Included in the order were a 60 tonne capacity RT765E-2 and a 135 tonne RT9150E complete with a 60 m main boom. The RT9150E also has the Twin-Lock boom pinning system. Maximum reach with jib extensions is 95 m.

Suvilas Properties & Construction has taken delivery of a Liebherr 85 EC-Bi flat top tower crane for its maiden project, the Suvilas Royal Guardenia residential development in Jalahalli, Bengaluru. With a 45.4 m maximum hook height and a 50 m radius, the five tonne crane will be used for lifting steel rebar and concrete slabs on the two-acre site.

Shriram Equipment Finance Company (SEFC) is planning to raise about Rs 150-200 crore from private equity (PE) investors and rope in strategic investors. Umesh Revankar, Managing Director of Shriram Transport Finance, said the company is expected to grow at a compounded annual rate of 15 per cent.

Dr Reinhold Festge, Managing Partner of Haver and Boecker in Oelde, Germany, has been elected as the new President of the German Engineering Federation (VDMA). He succeeds Dr of the Groz-Beckert KG in Albstadt.

The need of the hour is higher productivity and lower fuel consumption; at Volvo, we want to bring in technology, higher efficiency, higher productivity and lower fuel consumption, too, says AM Muralidharan, President, Volvo Construction Equipment, India. Excerpts from the interview.

As per Off-Highway Research, crawler excavators will be the fastest growing product of the near future, and its demand should grow to over 30,000 units in the next four to five years. Excon 2013 bears testimony to the fact that OEMs are gearing up for the anticipated demand for excavators. Some of the leading players either launched new models or showcased upgraded versions. Volvo CE launched two productive and powerful models in the D Series - EC220D and EC300D; JCB showcased its completely

Though the Indian economy is recovering slowly, foreign construction equipment companies seem to be still bullish on its future. This optimism was once again reinforced by a big jump in the number of foreign participants in Excon 2013. Excon 2013 witnessed the participation of over 20 countries from across the globe.

Shriram Equipment Finance Co (SEFC) has chalked out aggressive growth plans for this fiscal. SEFC, which commenced its operations in October 2011 in the construction equipment finance space, aims to double its disbursements across all states in the country in next 3-6 months. SEFC has already attained a book size of over Rs 3,400 crore and is one of the largest and most profitable NBFC in this segment.