Thyssenkrupp eyes huge biz avenues in capital goods equipment

Thyssenkrupp Industries, which has made India a global centre of competence for energy, mineral processing, material handling equipment and sugar industries, currently rides high on rising demand for capital goods equipment across mining, cement, sugar and power segments, said MD & CEO Vivek Bhatia. According to him, the company has strong technology and innovation capabilities in India and has targeted a revenue of ₹4,000 crore in the next five years. It is developing next-generation equipment in India and extending its technology expertise for chemical projects in fertilizers and coke plants. The company is witnessing growth in mining and aggregates business at a CAGR of nearly 30 percent and expects the momentum to continue due to its strong technological capabilities and strategic alliances. It aims to replicate the success of continuous mining projects executed in China and Southeast Asia and is contemplating to introduce blast-free and continuous mining technology, which can help Indian coal mines to improve their mining productivity by 30 percent as well as exploit stranded coal seams. This is also an efficient and sustainable process as it is completely electricity-driven. Thyssenkrupp has entered into a distribution agreement for its crushing plants with Gainwell for the north and north-eastern regions.