IGC plans expansion

By Sarah McCay26 October 2014

India Globalization Capital (IGC) announced plans to expanding its heavy equipment rental business from Kerala, India, to neighbouring state of Karnataka.

The rental company specialises in heavy equipment such as bulldozers, pneumatic rollers, trailers, generators, and Bobcat equipment, offering equipment and trained operators to the construction and agricultural industry in India.

IGC said it was expanding its model geographically in anticipation of higher overall growth in infrastructure build out under the recent newly elected government.

Ram Mukunda, IGC'S CEO, said, "We currently operate in Kerala, which lies along the Arabian Sea coast and is affected by the monsoons that virtually shuts down our operations in this region for three to four months a year.

"The neighbouring state of Karnataka, on the other hand, enjoys 12 months of favourable weather. The recently announced acquisition of land from the settlement with Sricon allows us to obtain bank lines to support the expansion. Once we are established in Karnataka, we expect to expand the model to other states.”

Latest News
Onshore construction completed for Triton Knoll
UK’s longest ever offshore wind cabling project concludes after three years
Sinoboom to give away scissor at ARA Show
Sinoboom North America will be giving away a Sinoboom 1330SE electric scissor lift in celebration of attending its first ARA Show 
First job for Liebherr’s taxi crane
The new Liebherr MK 73-3.1 mobile construction crane performed a lift in the Netherlands