Trishakti Industries Inks Rs 105 Crore Deal with XCMG for 60 Heavy Machines
Trishakti Industries expands its fleet with a massive Rs 105 crore order for 60 heavy machinery units and AWPs from global giant XCMG.
In a major move to bolster its infrastructure equipment rental capabilities, Trishakti Industries Limited has announced a massive purchase order worth approximately ₹105.39 crore from global construction machinery giant XCMG. This strategic acquisition includes 60 units of heavy-lift machinery and Aerial Work Platforms (AWPs), aimed at meeting the surging demand across India's infrastructure and renewable energy sectors.
A Massive Fleet Expansion
The order is a critical component of Trishakti's broader capital expenditure (CapEx) strategy. The company is currently executing a cumulative CapEx plan of ₹400 crore, with this specific deal representing a significant portion of the remaining ₹130–140 crore earmarked for expansion. This influx of machinery is expected to push the company's total fleet size to approximately 230 units, surpassing its initial target of 200+ units by FY27.
The 60-unit order is meticulously diversified to cover various project lifecycles:
- Crawler Cranes (11 units): Including ten 150-tonne units and one massive 250-tonne unit, designed for wind energy, refineries, and large-scale industrial projects.
- Truck-Mounted Cranes (10 units): 50-tonne capacity cranes ideal for metro construction, highways, and steel plants.
- Articulated Boom Lifts (39 units): A variety of XCMG XGS-series models (XGS40K, XGS43, XGS50K, and XGS70K) catering to industrial maintenance and work-at-height applications.
Strategic Alignment with India's Growth
Trishakti's expansion comes at a time when India is witnessing unprecedented public capital expenditure. With the Union Budget for FY2026-27 seeing an increase to approximately ₹12.2 lakh crore, the demand for specialized rental equipment is skyrocketing. Customers in sectors like Renewable Energy, Steel, Railways, and Oil & Gas are increasingly opting to rent specialized machinery to avoid the heavy upfront costs of ownership, depreciation, and maintenance.
Currently, Renewable Energy stands as the company's largest vertical, accounting for nearly 48% of its deployed fleet as of FY26. By adding this balanced mix of equipment, Trishakti aims to maintain its high fleet utilization rates, which stood at nearly 100% through FY26 and Q1 FY27.
Management's Vision for Scale
Commenting on the milestone, Mr. Dhruv Jhanwar, Chief Executive Officer of Trishakti Industries Limited, highlighted the importance of portfolio diversification.
“This order reflects the demand we continue to see from our customers across infrastructure, renewable energy, steel and industrial projects. By adding a balanced mix of crawler cranes, truck-mounted cranes and articulated boom lifts, we are broadening our product portfolio, which we believe is central to sustaining high fleet utilisation as we scale. Our focus remains on deploying machines against tier-1 customer demand and on disciplined execution as we work towards our fleet target of 200+ units.”
As the company moves forward, it carries an executable order book of approximately ₹70–72 crore for FY27, positioning itself as a dominant player in the specialized heavy equipment rental landscape in India.