What is your macro-level outlook on the demand trends of concrete equipment? What about the demand of higher capacity equipment with rising requirements of productivity?
The last 2 years have been challenging for the industry and in the quarter ending September 2021, CE industry posted a robust sales growth of 47%. So, we can see some green shoots and with the government’s continued focus through different missions has catapulted infrastructure developments projects.
The infra projects awards tendering activity is picking up and most of this is road projects. Road construction has been a major volume driver for the CE industry, targeted at 40 km per day.
Crisil estimates that the investment in industry could rise by 30% in FY22-24 led by mega projects in high-speed rail, corridors, expressways, solar energy, affordable housing, airports apart from roads and railways.
What are the newer and upgraded solutions you are offering across the concreting value chain?
Innovation & indigenization has been a way of life at Ajax. On this foundation we have built our 3 pillars:
*Innovative engineering capability that provides meaningful solutions to our customers
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