Trishakti Industries Signs Strategic MoUs Worth Rs. 175 Crores with XCMG Group and LiuGong India at EXCON 2025

Trishakti Industries Limited, one of India's leading infrastructure equipment rental and heavy lifting solutions providers, today announced that it has entered into a strategic Memorandums of Understanding (MoUs) with two prominent global construction equipment manufacturers-XCMG Group and LiuGong India Private Limited-marking a significant milestone in its ongoing fleet expansion and modernization drive.

The Company signed these MoUs during EXCON 2025, India's premier construction equipment trade fairheld in Bengaluru, and has placed net purchase orders aggregating to approximately Rs. 175 crores for advanced construction and infrastructure equipment.

Details of the Strategic Partnerships:

XCMG Group Partnership:

- MoU value: Approximately Rs. 150 crores
- Scope: Procurement of construction and infrastructure equipment including high-capacity cranes, earthmoving machinery, and specialized industrial equipment
- Strategic focus: Strengthening capabilities in mega infrastructure projects

LiuGong India Private Limited Partnership:
- MoU value: Approximately Rs. 25 crores
- Scope: Procurement of boom lifters
- Strategic focus: Diversifying equipment portfolio for industrial and construction segments

Strategic Rationale:

- Significantly strengthen and diversify the Company's high-capacity equipment fleet with cutting-edge technology from globally renowned OEMs

- Enhance service capabilities across key sectors including infrastructure, steel, power, railways, renewable energy, and large industrial projects

- Improve long-term revenue visibility through increased asset utilization and expanded client servicing capacity

- Reinforce market leadership in India's rapidly expanding heavy equipment rental industry

The procurement under these arrangements will be undertaken in a phased manner, strategically aligned with execution timelines, existing and prospective customer contracts, and prudent capital allocation principles. This disciplined approach ensures optimal asset deployment and maintains the Company's track record of achieving industry-leading fleet utilization rates.

Accelerated CapEx Execution

Trishakti's aggressive fleet expansion is proceeding well ahead of schedule. Againstthe original plan of 50 crores for FY25, X100 crores for FY26, and X250 crores for FY27, the Company has already deployed a cumulative 3200 crores (inclusive of all taxes) till date-significantly surpassing the combined targets for FY25 and FY26. This accelerated execution demonstrates management's confidence in India's infrastructure opportunity and the Company's ability to rapidly scale operations while maintaining disciplined capital allocation and achieving superior asset utilization across its expanding fleet.

Mr. Dhruv Jhanwar, Chief Executive Officer, stated: "The strategic equipment orders placed at EXCON 2025 mark an important milestone in Trishakti's expansion journey. Our engagement with globally reputed OEMs such as XCMG and LiuGong reflects our focus on building a future-ready, high-capacity fleet aligned with the evolving requirements of India's infrastructure ecosystem."

Till date, the Company has undertaken cumulative capital expenditure of over 200 Crores, inclusive of applicable taxes. This milestone highlights the execution-led nature of our growth strategy and the disciplined manner in which we continue to scale our asset base.

We remain focused on prudent capital allocation, ensuring that fleet additions are closely aligned with customer demand, deployment visibility, and return thresholds. This approach positions Trishakti well to support large-scale infrastructure projects while creating sustainable long-term value for our stakeholders."