Indo Farm Equipment Expands into Tower Crane Manufacturing with New Technology Agreement
Indo Farm Equipment Limited has signed an agreement with Beida Commercial and Trade Company to acquire tower crane manufacturing technology. The deal, signed on April 21, 2025, includes technical documentation, manufacturing processes, and quality assurance documents. This strategic move allows Indo Farm to diversify its product portfolio beyond agricultural machinery and quickly enter the construction equipment market. The company expects to benefit from cost efficiencies, technical capability building, and new market opportunities in the growing infrastructure sector.
21Apr 25
Indo Farm Equipment Expands into Tower Crane Manufacturing with New Technology Agreement
Indo Farm Equipment has signed a strategic agreement with Beida Commercial and Trade Company to acquire technology for manufacturing tower cranes. This move marks Indo Farm's entry into the construction equipment sector, diversifying beyond its traditional agricultural machinery focus. The agreement aims to expand the company's product portfolio, potentially opening new revenue streams and market opportunities in India's growing infrastructure and real estate sectors.
12Mar 25
Indo Farm Equipment to Invest ₹45 Crore in Wholly-Owned Subsidiary Barota Finance Limited
Indo Farm Equipment Limited will acquire 18 million equity shares of its wholly-owned subsidiary, Barota Finance Limited (BFL), at ₹25 per share, totaling ₹45 crore. The investment aims to strengthen BFL's NBFC business, which focuses on tractor financing. The transaction, approved on March 12, 2025, is expected to complete within 30 days and maintains Indo Farm's 100% ownership of BFL.