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SEPTEMBER 2025 Vol IV Issue IX
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News
CONTENTS
P.14
Housing Sales Drop 9% In Top Indian...
P.12
Nmial Secures 405 Flats At The Wadhwa
Wise...
P.18
Nhai To Garner Up To Rs 40,000 Crore In
Fy2026 From Road ...
P.16
India Data Centre Capacity To Double...
P.21
Mahindra Launches Yuvo Tech+ ...
P.20
Operating Profit Of Cement Companies
To Grow By Rs 100-150/Mt...
P.23
Rs 4250 Crore Mou Signed To Boost
Shipbuilding ...
P.22
Tata Motors Launches Ace Gold+ Diesel
Mini-Truck At...
P.25
Jindal Stainless To Invest Rs 700-Cr
For ...
P.25
Green Warehouses Are Becoming The New
Growth...
P.24
State Govt Grants Mining Lease For Coal
Block In Arunachal...
P.24
Ashok Leyland Expands Footprint In ...
P.26
Backhoe Loaders: Shouldering India’s
Infrastructure...
INTERACTION
MR. SHANTANU
ROY
CMD
BEML LTD.
Page 28
Strategic Vision For Global Growth
(With Focus On India)
P.30
01
GUEST ARTICLE
P.27
MR. VENKATESH GOPALAKRISHNAN
DIRECTOR GROUP PROMOTER’S OFFICE, MD
SHAPOORJI PALLONJI
REAL ESTATE (SPRE)
Quote
CONTENTS
P.66
New
Gurugram
Emerges ...
P.67
Ramky
Infrastructure
Secures...
P.68
Bkt To
Showcase
Cutting...
P.69
Schaeffler
India
Showcases...
P.70
New
Holland
Unveils...
P.71
World Of
Concrete
India...
P.74
Gujarat
Conex
2025...
P.78
Sany India
Expands
Presence...
P.76
Collaboration
And The
Future...
P.77
Jk
Tyre
Celebrates...
PRESS RELEASE
Is Mulshi The Next Luxury Real State
Opportunity That’s Waiting To Explode?
P.33
02
GUEST ARTICLE
Innovations And Growth In The Construction
Equipment & Mining Industry In India
P.36
Construction Machinery Lubricant Market
Trends, Scope & Innovation Forecast In India
P.43
COVER STORY
INDUSTRY FOCUS
Silent Power Houses! The Role Of Gensets
In Modern Construction Projects In India
P.52
INDUSTRY FOCUS
01
02
Crushing Equipment In India: A Comprehensive
Overview
P.60
03
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Dear Folks
IAs we bring you another insightful edition of IO- Construction Chronicle, we are delighted to present our cover
story on “Innovations and Growth in the Construction Equipment & Mining Industry.” The sector continues to
evolve rapidly, driven by technological advancement, sustainability goals, and a renewed focus on efficiency.
In this issue, we explore the dynamic transformations shaping key segments from high-performance lubricants that
enhance machinery life, to gensets ensuring uninterrupted power on remote sites. Our deep dive into mining trucks and
crushing equipment highlights the integration of automation and smart monitoring systems improving productivity and
safety. We also shed light on the expanding role of precast concrete in modern infrastructure, offering speed, durability,
and sustainability. Additionally, innovations in wheel loaders demonstrate how intelligent design and hybrid
technology are redefining performance benchmarks across construction and mining operations.
Complementing our features are exclusive guest articles and industry expert interviews offering valuable perspectives
on market trends, challenges, and emerging opportunities. We also bring you the latest press releases showcasing
groundbreaking product launches, collaborations, and policy updates that continue to shape the industry’s future.
As always, we extend our heartfelt gratitude to our readers, partners, and contributors for their unwavering support
and engagement. Your encouragement fuels our mission to deliver meaningful insights and celebrate the people and
technologies driving progress in this vital sector.
Together, let’s continue building the future stronger, smarter, and more sustainable.
Stay informed. Stay inspired.
Roopal Chaurasia
Disclaimer : The content and numbers of this
edition may mismatch of differ due ot current
change in the market. Industrial Electrical is
not responsible for such changes or errors.
Please write your feedback/
suggestions or question on
editorial@constructionchronicle.in
Visit us: www.constructionchronicle.in
EDITOR NOTE
12 | October 2025 | constructionchronicle.in
N ews
As the highly anticipated Navi
Mumbai International Airport (N-
MIAL) prepares for its inaugural
launch on September 30, 2025, the
demand for residential properties in
the surrounding area has skyrocket-
ed. Responding to this surge, in
Phase 1, NMIAL has signed a
significant Memorandum of Under-
standing (MoU) with The Wadhwa
Group to secure 405 ready-to-move
-in flats at its flagship integrated
township Wadhwa Wise City, Pan-
vel for airport personnel and fami-
lies from October 2025. This collab-
oration is a testament to the symbi-
otic growth between large-scale in-
frastructure projects in the NAINA
region and the real estate sector.
A TOWNSHIP BUILT FOR THE
FUTURE
Spread across 450 acres in Navi
Mumbai Airport Influence Notified
Area (NAINA), Wadhwa Wise City
is Navi Mumbai’s first and the
largest integrated township project.
With over 3000 Occupation Certifi-
cate (OC)-ready units available, the
township is witnessing rapid ab-
sorption, and has planned various
other upcoming social infrastruc-
ture such as renowned Fr. Agnel
School providing CBSE Curricu-
lum, retail spaces, healthcare cen-
ters, landscaped gardens, and recre-
ational facilities.
The Navi Mumbai International
Airport is projected to handle 20
million passengers annually in its
first phase, ultimately scaling up to
90 million passengers per year.
Complementing the airport are
major
infrastructure
initiatives
reshaping the region:
Mumbai
Trans
Harbour
Link
(MTHL): Cutting travel time from
South Mumbai to Navi Mumbai in
just 30 minutes.
Metro Connectivity: Navi Mumbai
Metro Line 1 and Mumbai Metro
Line 8 linking seamlessly with the
airport.
EXPRESSWAYS
&
COASTAL
ROADS: Including the Ulwe Coast-
al Road and Thane–Belapur elevat-
ed corridor.
Panvel–Karjat Suburban Rail Line:
Strengthening regional rail connec-
tivity in the region.
NMIAL SECURES 405 FLATS
AT THE WADHWA WISE CITY
14 | October 2025 | constructionchronicle.in
N ews
Housing sales across India’s top
seven cities fell 9% year-on-year to
97,080 units in Q3 2025, down from
107,060 units in Q3 2024. However,
total sales value increased 14%
from ₹1.33 lakh crores to ₹1.52 lakh
crores, indicating strong luxury seg-
ment performance.
Mumbai Metropolitan Region
re-
corded highest sales at 30,260 units,
followed by Pune with 16,620 units.
Together, these cities accounted for
48% of total sales in Q3 2025.
Chennai and Kolkata posted annual
increases of 33% and 4% respec-
tively, whilst other cities experi-
enced declines.
NEW SUPPLY
New supply rose 3% year-on-year
to 96,690 units in Q3 2025 against
93,750 units in the corresponding
2024 period. Mumbai topped new
supply with 29,565 units, followed
by Pune with 19,375 units. Sales
exceeded launches, indicating ro-
bust demand-supply dynamics.
Anuj
Puri,
Chairman, Anarock
Group, noted that sales continued to
outstrip
new
supply,
reflecting
continued market health. The luxury
housing category above ₹1.5 crores
witnessed highest new supply at
38%, followed by premium segment
at 24%. Affordable housing
ac-
counted for just 16% of new supply.
MARGINAL DECLINE IN
IN-
VENTORY
Existing inventory declined margin-
ally from 5.64 lakh units in Q3 2024
to 5.61 lakh units in Q3 2025. Aver-
age residential prices grew 9%
year-on-year across the seven cities.
NCR recorded highest annual price
growth at 24%, followed by Bengal-
uru at 10%.
Housing sales rose 1% quarter -
on-quarter despite monsoons and
the perceived inauspicious period.
Puri said price growth has moderat-
ed compared to previous years when
double-digit annual growth was
common in top cities.
HOUSING SALES DROP 9%
IN TOP INDIAN CITIES
16 | October 2025 | constructionchronicle.in
N ews
India’s third-party data centre ca-
pacity will double to 2,400-2,500
MW by FY2028 from 1,250 MW in
FY2025, driven by ₹90,000 crore
investments over the next three
years. Industry players have an-
nounced development plans total-
ling 3.0-3.5 GW over 7-10 years,
representing ₹2.3-2.5 lakh crore
investment.
Mumbai contributes over 50% of
current operational capacity and
ranks 21st globally among cities for
data centre capacity. Its location,
power infrastructure and proximity
to cable landing stations make it
preferred for operators. India cur-
rently accounts for 3% of global da-
ta centre capacity of 42 GW, with
the United States contributing 50%.
EDGE DATA CENTRES
Edge data centres are gaining
traction due to low latency and
high-speed requirements in bank-
ing, healthcare, agriculture and
defence sectors. Indian operators
are focusing on renewable energy,
with green power meeting 15-20%
of overall power requirements.
ICRA expects this share to increase
to 30-35% by FY2028.
The Digital Personal Data Protec-
tion Bill, infrastructure status for
data centres and incentives from
central and state governments facil-
itate
scalability.
Maharashtra,
Telangana, Odisha and Tamil Nadu
are attracting investments through
subsidies and exemptions.
POLICY BOOST
Anupama Reddy, Vice President at
ICRA, said the Ministry of Elec-
tronics and Information Technolo-
gy’s draft proposal for 20-year tax
exemption could be transformation-
al. The policy aims to provide input
tax credits on capital investments
including construction and electri-
cal systems. Competition from new
entrants is constraining pricing
flexibility and affecting profitabili-
ty.
Data centre operators have accessed
long-tenured funding of 12-18 years
to maintain credit profiles. ICRA
anticipates leverage metrics of
4.5-5.0 times total debt to OPBDIT
in the medium term, with debt
service coverage ratios of 1.5-1.7
times.
INDIA DATA CENTRE
CAPACITY TO DOUBLE BY 2028
18 | October 2025 | constructionchronicle.in
N ews
Rating agency ICRA projects road
monetisation at Rs 35,000-40,000
crore in FY2026 if the assets identi-
fied by the National Highways
Authority of India (NHAI) are mon-
etised in a timely manner, based on
the median valuation multiple of
0.62 times seen across the 10
awarded TOT bundles over the last
three years. This would mark a
healthy improvement from the Rs
24,399 crore monetised in FY2025.
Moreover, this would exceed the
budgeted monetisation target of Rs
30,000 crore for FY2026.
The NHAI has identified a robust
pipeline of projects earmarked for
monetisation, which includes the
estimated completion of five TOT
bundles with bids already initiated.
Moreover, it has earmarked the
transfer of project stretches to the
InvIT established by the NHAI.
EXPANDING SHARE
Adding more insights, Vinay Kumar
G, sector head, corporate ratings,
ICRA,
said:
“The
NHAI
has
predominantly utilised two asset
monetisation mechanisms, namely
TOT and InvIT since FY2019. The
authority has successfully raised Rs
92,633 crore through these channels
up to FY2025. The TOT method
generated 53% of NHAI’s total
monetisation during FY2019-FY
2025. InvIT, introduced in FY2022,
has seen its share expand over the
past two years. Since FY2023,
NHAI has begun publishing annual
lists of assets designated for mone-
tisation.
Between
FY2023
and
FY2025, approximately 7,000 km
were announced for monetisation,
of which about 2,000 km have been
completed to date, and an additional
1,170 km have been offered for sale
through five TOT bundles. More-
over, NHAI is yet to monetise
nearly 3,750 km that were made
available
for
sale
during
this
period.”
NHAI TO GARNER UP TO
RS 40,000 CRORE IN FY2026 FROM ROAD ASSETS
20 | October 2025 | constructionchronicle.in
N ews
ICRA expects the GST cut to
reduce overall construction expens-
es in rural housing by 0.8%-1.0%,
boosting volumes and supporting
enhanced capacity addition. Backed
by the healthy cement demand, av-
erage cement realisation (ex-factory
price excluding GST) to rise by
3-5% in FY2026, even as the input
prices are expected to remain
range-bound, boosting the operating
profit of cement companies by Rs.
100-150/MT.
Further,
OPBID-
TA/MT is likely to improve by
12-18% to Rs. 900-950/MT in
FY2026.
Cement volumes increased by 8.5%
in 5M FY2026 due to strong
demand from the housing and infra-
structure segments, despite the ear-
ly onset of the monsoons in a few
regions.
Cement
prices
have
increased by ~7.4% in 5M FY2026
on a YoY basis, with major hikes in
the northern and eastern regions.
The trajectory of input prices, espe-
cially for pet coke and freight, are
linked to global crude, which
re-
mains exposed to geopolitical dy-
namics.
Giving more insights, Anupama
Reddy, VP and co-group head, cor-
porate ratings, ICRA, said: “With
the recent GST rate cut from 28% to
18% expected to be passed on to
customers, and the average retail
price of cement currently ranging
between Rs. 350 – 360 per bag,
consumers are projected to benefit
by Rs. 26–28 per bag. The GST cut
makes rural housing more afford-
able and is likely to result in
0.8%-1.0% reduction in overall
construction expenses in rural hous-
ing, which in turn would support
demand. Driven by healthy demand,
capacity additions may increase to
41-43 million MTPA in FY2026
from 31 million MTPA in FY2025,
spearheaded by the eastern region,
which is likely to lead the grinding
capacity.”
OPERATING PROFIT OF CEMENT COMPANIES
TO GROW BY RS 100-150/MT IN FY2026
21 | October 2025 | constructionchronicle.in
N ews
Mahindra Tractors has introduced
the
all-new
Mahindra
YUVO
TECH+ 475 DI, a 42 HP tractor
specially built to provide farmers
with
unmatched
performance,
modern technology, and power to
take on farming and non-farming
tasks with ease. Designed for higher
productivity, improved fuel effi-
ciency, and comfort, the Mahindra
YUVO TECH+ 475 DI is a depend-
able partner for farmers across the
country.
At the heart of the YUVO TECH+
475 DI is a powerful 2980 cc
mBULL 3-cylinder engine that pro-
duces 191 Nm of maximum torque
and an impressive 28% backup
torque. A water separator increases
engine life by preventing water and
contaminants from damaging criti-
cal engine components. By remov-
ing water from the fuel, a water
separator reduces the risk of corro-
sion, rust, and clogging in the fuel
system, leading to improved engine
performance and a longer engine
life.
RUNNING A ROTAVATOR
The Multi-Speed PTO (MSPTO)
gives farmers the flexibility to
adjust the PTO speed according to
specific tasks, whether it is running
a rotavator, powering a bailer, or
operating other equipment. This
flexibility not only enables quicker
turnaround time, but also saves fuel,
while reducing the overall cost of
operations.
Dual clutch technology, 12 forward
and 3 reverse gears enables the trac-
tor to maintain operational speeds
even while operating in tough soil
conditions or pulling heavy loads.
The new tractors heavy-duty hy-
draulics, with a lift capacity of 2000
kg and a 29 lpm hydraulic pump
(litres per minute) flow ensures that
the Mahindra YUVO TECH+ 475
DI can handle big and heavy imple-
ments with ease.
MAHINDRA LAUNCHES
YUVO TECH+ 475 DI
22 | October 2025 | constructionchronicle.in
N ews
Tata
Motors,
India’s
largest
commercial vehicle manufacturer,
launched Ace Gold+ the most
affordable diesel variant in its icon-
ic Ace range. Priced at just Rs 5.52
lakh (ex-showroom), the Ace Gold+
is engineered to deliver exceptional
performance while ensuring the
lowest Total Cost of Ownership
(TCO) in its category, making it the
ideal choice for today’s value
conscious entrepreneurs.
Equipped with advanced Lean NOx
Trap (LNT) technology, the Ace
Gold+ eliminates the need for
Diesel Exhaust Fluid (DEF), sig-
nificantly
reducing
maintenance
and operating costs. This innovation
not only ensures compliance with
stringent emission norms but also
enhances profitability by lowering
recurring expenses helping custom-
ers earn more with every trip.
ADVANCED TECHNOLOGIES
Launching the new model, Pinaki
Haldar, VP & business head –
SCVPU, Tata Motors Commercial
Vehicles, said, “Since its launch
over two decades ago, the Tata Ace
has consistently transformed last-
mile mobility across India, empow-
ering hundreds of thousands of
entrepreneurs to drive progress.
With every upgrade, it has evolved
to incorporate advanced technolo-
gies, versatile features, and broader
applications. The launch of the Ace
Gold+ continues this legacy deliv-
ering a solution that simplifies -
business operations, enhances prof-
itability, and reinforces our commit-
ment to nurturing India’s entrepre-
neurial spirit.”
Powered by the turbocharged Dicor
engine delivering 22PS of power
and 55Nm of torque, the Ace Gold+
is built for reliability across diverse
business applications. With a pay-
load capacity of 900kg and multiple
load deck configurations, it offers
versatility and efficiency for a wide
range of cargo needs.
TATA MOTORS LAUNCHES ACE
GOLD+ DIESEL MINI-TRUCK AT RS 5.52 LAKH
23 | October 2025 | constructionchronicle.in
N ews
Swan Defence and Heavy Indus-
tries (SDHI), a shipbuilding and
heavy fabrication company, has
signed an MoU with the Gujarat
Maritime Board (GMB) for a strate-
gic investment of Rs 4250 crore.
The partnership is set to modernize
shipyard infrastructure, strengthen
domestic supply chains and build a
sustainable
talent
pipeline
for
India’s maritime industry.
The investment will be deployed
across three key projects at the
shipyard in Pipavav Port, Gujarat,
that is home to India’s largest dry
dock, with capacity to build vessels
up to 400,000 DWT.
The partnership will infuse Rs 3500
crore for capacity expansion at the
shipyard, including slipway, jetties,
additional cranes, block fabrication,
and dredging. This will enhance the
shipyard’s capacity to meet global
as well as Indian shipbuilding
demand.
A Rs 200 crore world-class Centre
of Excellence (CoE) for Maritime
will come up at the shipyard to
deliver a certified, industry-ready
workforce of over 1,000 youth
annually. The CoE will be equipped
with state-of-the-art smart class-
rooms, specialized labs, advanced
simulators, and design software
systems to enable innovation in ship
design, shipbuilding, and retrofits.
IMPROVING EFFICIENCY
SDHI will also develop a 200-acre
Maritime Cluster within the ship-
yard for an investment of Rs 550
crores. The cluster will serve as a
maritime hub for ancillary indus-
tries, suppliers, and support ser-
vices to foster innovation, improve
efficiency, boost local economy,
and strengthen global trade.
Commenting of this partnership,
Rear Admiral Vipin Kumar Saxena
(retd), CEO, Swan Defence and
Heavy Industries, said, “By invest-
ing in infrastructure, capacity, and
skill development we will add
world-class capabilities that accel-
erate India’s shipbuilding ecosys-
tem. SDHI is laying the foundation
for a new era of growth and cement-
ing our nation’s place on the global
maritime map for decades to come.”
RS 4250 CRORE MOU SIGNED
TO BOOST SHIPBUILDING SECTOR
24 | October 2025 | constructionchronicle.in
N ews
Ashok
Leyland,
the
Indian
flagship of the Hinduja Group and a
commercial vehicle manufacturer,
inaugurated its new dealership for
Light Commercial Vehicles (LCV)
in Bengaluru. This is the 3rd LCV
dealership in Bengaluru and the
11th in the state of Karnataka. The
company currently offers a wide
range of LCV products – Bada Dost,
Dost, Saathi, Partner, and MiTR.
The new channel partner, Sanvit
Motors, has a 3S (sales, service, and
spares) facility strategically located
at Dodda Amanikere, Old Madras
Road, Near Hoskote Toll Gate,
Hoskote. The facility is equipped
with advanced tools, quick service
bays and has modern infrastructure
to ensure a superior customer expe-
rience.
CONFIDENT CUSTOMERS
Viplav Shah, head – LCV business,
Ashok Leyland, said, “Karnataka
has always been an important mar-
ket for us. We are delighted to
strengthen our presence here with
the new dealership in Bengaluru.
Our relationship with customers is
built on trust, performance, and
shared growth. Our products are
known for their superior mileage,
reliability, and performance. With a
robust network and an indutry-lead-
ing service retention, we take pride
in the continued confidence our
customers place in us. The opening
of this new dealership marks anoth-
er step in our commitment to deliv-
ering world-class products and
unmatched service.”
Today, over 6 lac Ashok Leyland
LCVs operate across India, reflect-
ing our strong presence in the
segment. Earlier this year, Ashok
Leyland entered the sub-2-ton seg-
ment with the launch of SAATHI..
Powered by a new-generation 45
HP engine delivering 110 Nm of
torque, SAATHI offers the largest
loading area in its segment and an
industry-leading payload capacity
of 1,120 kg. Designed to redefine
the entry-level small commercial
vehicle market, SAATHI has
al-
ready become a game-changer in
the industry.
ASHOK LEYLAND EXPANDS
FOOTPRINT IN KARNATAKA
STATE GOVT GRANTS MINING LEASE
FOR COAL BLOCK IN ARUNACHAL PRADESH
The Government of Arunachal
Pradesh
(GoAP)
has
formally
approved granting a mining lease
for the Namchik-Namphuk Coal
Mine, located in Kharsang sub-divi-
sion of Changlang district, marking
a significant milestone in the state’s
coal and mining sector.
New tranche
The lease, cleared by the Govern-
ment of India, was signed with
Guwahati-based Coal Pulz for a
30-year period at an event in the
city. Geology & Mining, Environ-
ment & Forest Minister Wangki
Lowang confirmed that the Nam-
chik-Namphuk block was one of the
explored coal reserves placed for
auction by the Union Ministry of
Coal under the 16th tranche of Coal
Mines (Special Provisions) Act,
2015, and the sixth tranche of Mines
and Mineral (Development and
Regulation) Act, 1957.
Coal Pulz emerged as the successful
bidder, with planned operations
expected to produce two lakh tonne
annually as per the approved mine
plan. The project aims to meet
rising energy demand, boost state
revenue through royalty, and gener-
ate local employment. Necessary
Stage-I and Stage-II forest clearanc-
es have also been secured.
25 | October 2025 | constructionchronicle.in
N ews
In recent years, logistics has be-
come a key driver of India’s eco-
nomic growth. The sector is project-
ed to grow at a CAGR of 10.7%
through 2026, supported by infra-
structure, policy, and digitalisation.
As supply chains shift from cost
centers to strategic assets, green
warehouses stand out. Beyond sus-
tainability, these next-gen facilities
boost efficiency, attract clients, and
provide long-term competitive ad-
vantage, making them true growth
engines of modern logistics.
The shift in logistics: From speed to
sustainability
For decades, warehousing in India
focused primarily on capacity and
location how much space, how close
to demand centres. But as energy,
water, and carbon costs surge, the
calculus is changing. Clients espe-
cially large corporates and global
brands are now demanding that their
logistics partners adopt carbon-con-
scious operations. Green-certified
warehouses that use renewable en-
ergy, efficient HVAC, daylight har-
vesting, and sustainable building
materials are elevating facility costs
but unlocking hidden value: lower
operating expenses, stronger lease
interest, and stronger alignment
with ESG mandates.
Green warehouses offer up to
30–40% energy savings over their
lifecycle, alongside water conserva-
tion and reduced carbon footprints.
Because of this, sustainability is no
longer a “nice-to-have” it is becom-
ing a gatekeeper for market access.
Technology + green design: The
new DNA of warehousing Green
warehouses thrive where sustain-
ability meets smart systems. Ad-
vanced WMS, automation, and
real-time sensors integrate seam-
lessly with eco-friendly design
optimizing lighting, cooling, and
equipment use based on occupancy,
ambient conditions, or solar output.
A great example is a priority-based
order acceleration tool, which flags
urgent orders and routes them
through faster lanes, ensuring effi-
ciency without overexertion. Pair
this intelligence with solar rooftops,
rainwater
harvesting,
and
energy-flexible design, and ware-
houses evolve beyond storage hubs.
They become active contributors to
supply-chain resilience—balancing
efficiency, sustainability, and adapt-
ability in a way that defines the
future of modern logistics.
GREEN WAREHOUSES ARE BECOMING
THE NEW GROWTH ENGINES
Jindal Stainless (JSL) announced
plans to invest Rs 700 crore over the
coming years in decarbonisation
initiatives aimed at reducing its
carbon footprint.
Key efforts include the establish
ment of Odisha’s largest captive
solar
plant,
energy
efficiency
improvements, digitisation of the
supply chain for enhanced transpar-
ency, and community development
programs in education, healthcare,
and skill-building near its plants.
HELPING QUICKLY
In FY25, JSL achieved a 14 percent
year-on-year reduction in CO2
emissions, cutting approx. 3,18,248
tonne compared to FY24.
The company aims to build on this
progress in FY26 and is committed
to a mid- and long-term roadmap
targeting a 50 percent emissions
reduction by 2035 and achieving net
zero by 2050. These measures high-
light JSL’s focus on sustainable
growth and environmental responsi-
bility within the steel industry.
JINDAL STAINLESS TO INVEST RS 700-CR
FOR DECARBONISATION
26 | October 2025 | constructionchronicle.in
N ews
The product category of backhoe
loaders is entering a phase of steady
growth in India, supplanted by the
government-backed
infrastructure
investments and technological im-
provements. According to the data
published by Imarc Group, category
is likely to reach $944.45 million in
2033 in value terms growing from
$561.30 million in 2024, indicating
a moderate, six percent YoYgrowth,
approximately. Accounting for over
50% of total earthmoving equip-
ment sold last year (2024-25), the
category dominates the country’s
construction-equipment market as
of now.
Industry leaders note that growth is
strongly tied to capital spending on
roads, railways, ports, housing, and
rural connectivity. Sanjeev Bajaj,
Chief Officer Construction Equip-
ment Business Division, Escorts
Kubota, observes, “The backhoe
loader segment in India is benefit-
ting from sustained infrastructure
investments, with the Government
of India allocating around ₹11.2
trillion in capital expenditure for
FY26, much of it directed toward
roads, railways, ports, and urban
development.” He points to the
impact of regulatory shifts, particu-
larly the early introduction of BS-V
emission norms, which prompt new
product launches, alongside a rising
preference for renting and leasing
models.
Versatility
remains
a
defining
attribute of the backhoe loader, a
machine used extensively in road
building,
irrigation,
mining,
and smart city projects. Shalabh
Chaturvedi,
Managing
Director,
CASE
Construction
Equipment
India & SAARC, agrees, when he
notes, “Programmes such as Bharat-
mala under PM Gati Shakti and the
Viksit Bharat Gati Shakti Maham-
arg, which aims to deliver 40,000
km of expressways by 2047, along
with rural road construction, afford-
able housing, mining, and smart city
schemes, are all driving demand.”
BACKHOE LOADERS: SHOULDERING INDIA’S
INFRASTRUCTURE AMBITIONS
27 | October 2025 | constructionchronicle.in
Q uote
We welcome the GST Council’s landmark decision to rationalise tax rates on essential construction materials. The rate cut
from 28% to 18% on cement, and from 12% to 5% on construction and finishing materials, is a strategic move. It will signifi-
cantly ease project costs for developers and boost affordability for homebuyers. For developers, this relief lowers input costs
and strengthens project viability. Industry voices estimate that overall construction costs could decline up to 5%. This offers
scope for improved margins, as well as better pricing for end-users.
From the perspective of the housing market, especially the affordable and mid-income segments, this development is timely and
impactful. Rising construction costs and pressure on margins have presented significant challenges to the sector. The potential
pass-through of savings will encourage renewed demand. It will also enable more accessible homeownership.
At Shapoorji Pallonji Real Estate, we see this GST rationalisation as a much-needed stimulus. It simplifies tax structures and
enhances transparency. It also aligns with the current positive buyer sentiment. We are optimistic that this reform will enhance
purchase intent. This is especially true as we enter the festive season, a traditionally strong period for the real estate
market.”I
Mr. Venkatesh Gopalakrishnan
Director Group Promoter’s Office, MD
SHAPOORJI PALLONJI REAL ESTATE (SPRE)
GST Rate Cut to Boost Real Estate
Affordability and Demand