We are concentrating on expanding our cross-hiring biz

Product Launch: At the bauma Conexpo 2024 held in Delhi, Premier Heavy Lift marked a significant milestone with the launch of its new subsidiary, Terravolt Renewables. This venture focuses on EPC windmill projects, underscoring our commitment to the renewable energy sector. The debut at bauma was a resounding success, highlighted by the announcement of a secured work order worth Rs. 500 mn. Terravolt Renewables aims to expand this success, targeting an ambitious order book exceeding Rs 5,000 mn by the fiscal year 2025-2026.

Market strategy: Strategically, we are concentrating on expanding our cross-hiring business, particularly in the windmill sector, in the upcoming year. This focus aligns with the rising demands in the renewable energy space and our vision of playing a critical role in sustainable infrastructure development. A significant capital expenditure of over Rs 100 crore has been dedicated to bolstering our fleet, with the acquisition of six to seven units of 750 to 800 tonne crawler cranes specifically for wind projects. This investment not only enhances our operational capacity but also positions us to meet the specialised needs of these large-scale projects efficiently.

Bauma experience: Our experience at bauma Conexpo was overwhelmingly positive, providing an invaluable platform to showcase our innovative initiatives and connect with industry leaders and potential clients. The vibrant discussions and networking opportunities reinforced our confidence in the strategic path we have chosen. Participation in such a prestigious event has invigorated our team, inspiring us to pursue our goals with renewed vigour and to make significant strides in the coming year. This experience has affirmed our commitment to innovation and sustainability, as we continue to lead in the heavy lifts and renewable energy sectors.