Indo Farm Equipment Limited — Updates, 22-04-2025: Press Release

Indo Farm Equipment Limited has secured a major technology transfer agreement with Sichuan Hongsheng Heavy Machinery Co. Ltd., facilitating the local manufacturing of stationary type tower cranes. This collaboration, supported by Beida Commercial & Trade Company, empowers Indo Farm to enhance its product offerings and production capacity in the high-demand construction and infrastructure sector. The access to advanced technology aligns with the 'Make in India' initiative, enabling the company to provide globally competitive solutions to Indian infrastructure firms.

Mr. Shubham Khadwalia, Head of Construction Equipment, highlighted that this agreement is a decisive move for the company, promising improved product efficiency and local support. The partnership underlines Indo Farm's focus on innovation and growth as it seeks to play a crucial role in India's expanding infrastructure landscape, particularly as the nation advances towards smart cities and large-scale projects. The implications for shareholders are positive as this strategic move positions Indo Farm for substantial growth in a burgeoning market segment.