Indo Farm Equipment Ltd secures major Tower Crane Technology Transfer from Leading Chinese Manufacturer

Indo Farm Equipment Limited (BSE: 544328, NSE: INDOFARM) is a renowned name in India's heavy equipment and agricultural machinery sector, proudly announces the successful execution of a strategic technology transfer agreement Sichuan Hongsheng Heavy Machinery Co. Ltd., one of China's premier manufacturers of construction equipment. This collaboration is facilitated through Beida Commercial & Trade Company.

Sichuan Hongsheng will transfer the complete design documentation and associated technical drawings for the Stationary Type Tower Cranes to Indo Farm Equipment Limited. This marks a significant step in Indo Farm's entry and expansion into the highdemand construction and infrastructure equipment space, particularly the tower crane segment.

This transfer empowers Indo Farm with the capability to locally manufacture world-class tower cranes, enhancing indigenous production under the vision of 'Make in India' and reinforcing India's self-reliance in critical infrastructure equipment technologies.

Commenting on this agreement, Mr. Shubham Khadwalia, Head of Construction Equipment at Indo Farm Equipment Limited said "We are thrilled to announce that this collaboration is a game-changer for us. The access to advanced tower crane technology from a globally reputed manufacturer like Sichuan Hongsheng will not only bolster our product portfolio but also give Indian infrastructure companies access to globally benchmarked solutions with local support and cost efficiency. This marks a significant milestone in our growth journey, enhancing both our production capacity and product basket."

The partnership is a testament to Indo Farm's continued commitment to innovation, global collaboration, and strengthening India's infrastructure development capabilities. With the increasing focus on smart cities, large-scale real estate, and infrastructure projects, this transfer sets the stage for Indo Farm to play a pivotal role in India's growth journey.

Shares of Indo Farm Equipment Limited was last trading in BSE at Rs. 160.75 as compared to the previous close of Rs. 163.30. The total number of shares traded during the day was 6638 in over 92 trades.

The stock hit an intraday high of Rs. 164.90 and intraday low of 159.10. The net turnover during the day was Rs. 1072031.00.

Source : Equity Bulls

Keywords

IndoFarmEquipment Tractors INE622H01018 TowerCrane TechnologyTransferAgreement SichuanHongshengHeavyMachinery ConstructionEquipment