Tara Chand InfraLogistic Completes ₹131.44 Cr Crane Purchase

Sandip Raj Gupta

    24/Dec/2024

What's Covered

  • Tara Chand InfraLogistic has purchased 4 high-capacity cranes worth ₹131.44 crore from Zoomlion India.
  • Cranes will strengthen operations in construction equipment rentals for renewable energy and cement sectors.
  • Total capacity of the new cranes is 1,170 MT, advancing project execution capabilities.

Tara Chand InfraLogistic Solutions Limited, a leading name in construction equipment rentals, has made significant strides in enhancing its operational capabilities. The company recently announced the purchase of four high-capacity cranes as part of its Annual Purchase Plan for FY25. This development was disclosed to the National Stock Exchange of India Limited (NSE) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.


Details of the New Cranes Purchased

The company procured the following crane models from Zoomlion India, a renowned manufacturer of heavy construction equipment:

S No Crane Model Quantity Capacity (MT)
1 Zoomlion ZCC9800W 1 800
2 Zoomlion ZTC1500E 1 150
3 Zoomlion ZTC1100R 2 110

Total Capacity: 1,170 MT


Capital Expenditure for FY25

With the delivery of these cranes, Tara Chand InfraLogistic has completed a total capital expenditure of ₹131.44 crore (approx., unaudited) during the financial year 2024-25. This investment reflects the company’s commitment to strengthening its fleet of construction equipment and boosting operational efficiency.


Strategic Deployment

The newly acquired cranes are designated for Segment A (Construction Equipment Rentals) and will primarily support projects in the renewable energy and cement sectors. These sectors are critical for the company’s growth, given the increasing demand for infrastructure development and sustainable energy solutions.


Focus on Renewable Energy and Cement Sectors

  1. Renewable Energy: The high-capacity cranes, such as the Zoomlion ZCC9800W, are well-suited for large-scale installations like wind turbine projects and solar power plants, ensuring seamless project execution.

  2. Cement Sector: The cranes’ enhanced lifting capabilities will also support cement manufacturing units, contributing to improved efficiency in handling heavy machinery and materials.


Significance of the Purchase

This strategic investment highlights Tara Chand InfraLogistic's commitment to:

  • Enhancing operational capabilities to meet growing market demands.
  • Expanding its footprint in high-growth sectors like renewable energy.
  • Staying competitive in the evolving landscape of construction and logistics.

Regulatory Filing and Compliance

In its official intimation to the NSE, the company emphasized the importance of the purchase under its annual strategic plan. The communication was signed by Nishu Kansal, Company Secretary & Compliance Officer, reaffirming Tara Chand InfraLogistic’s adherence to regulatory guidelines.


Conclusion

This latest acquisition underscores Tara Chand InfraLogistic’s dedication to innovation and market leadership. With a strengthened fleet and focused investments, the company is well-positioned to capitalize on opportunities in the renewable energy and cement sectors, paving the way for sustained growth and shareholder value.


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