First consignment of truck mixers consignment sent from Rail Auto hub
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Schwing Stetter India assures Railways of booking six rakes every month
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First booking: Construction vehicles and equipment manufactured by Schwing Stetter India being transported from Rail Auto Hub.
Schwing Stetter India assures Railways of booking six rakes every month For the first time, a consignment of truck mixers, loaders and self-loading mixers were sent from the Rail Auto Hub at Walajabad, near Kancheepuram, by Schwing Stetter India, a concreting and construction equipment manufacturer.
According to details provided by the Southern Railway Chennai division, the first set of construction vehicles/equipment from Walajabad was sent to Palwal near Delhi and this transaction will generate ₹27.27 lakh revenue for the Railways.
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February 26, 2021
VG Sakthi Kumar, MD, Schwing Stetter India×
Its order book has doubled now vs a year ago
Schwing Stetter India, a leading concreting and construction equipment manufacturer, has seen its order book doubled now compared with a year-ago period and is hopeful of achieving double digit growth in 2020 over 2018 period. Though Covid-19 impacted the businesses across segments in 2020, it was not a very bad year for Schwing Stetter. Infact, it turned out to be a third good year for the company.
“Overall, our decline was just 9 per cent in 2020, as compared to 2019, which was not a good year due to Lok Sabha elections. Things started to improve from second half of 2019 as the Centre pumped in money into infra-activities to reboot the economy. Though we lost nearly three months of production due to Covid-19 in 2020, we were able to make out 91 per cent of previous year’s business in the calendar year,” VG Sakthi Kumar, Managing Director, Schwing Stetter India tol