Tara Chand InfraLogistic Solutions Limited today announced the acquisition of four new cranes from Zoomlion India, expanding its fleet of construction equipment. The purchase includes an 800-ton capacity ZCC9800W crane, a 150-ton capacity ZTC1500E crane and two 110-ton capacity ZTC1100R cranes.
Shares of Tara Chand InfraLogistic Solutions Limited were trading at ₹69.45 at 11 am today, up ₹0.15 or 0.22 percent on the NSE.
The company announced that these acquisitions are part of its annual purchasing plan for the current fiscal year. The total capex for FY 2024-25 has reached approximately ₹31.44 crores with this purchase (unaudited).
The newly acquired cranes will be deployed in the company’s Construction Equipment Rentals segment, specifically targeting projects in the renewable energy and cement sectors. This strategic expansion aims to strengthen the company’s market position in these growing industries.
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Tara Chand InfraLogistic Solutions, which specializes in providing infrastructure and logistics solutions, continues to invest in high-capacity equipment to meet increasing market demand. The addition of these cranes brings a combined lifting capacity of 1,170 tonnes to the company’s existing fleet.
