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Home News Konecranes inks licensing agreement to expand its presence in India

Konecranes inks licensing agreement to expand its presence in India

Finland-based port equipment manufacturer Konecranes aims to strengthen its presence in the Indian market with a licensing deal with an Indian multinational corporation Larsen & Toubro (L&T) for the manufacturing and distribution of Konecranes port cranes in the country.

The partnership between Konecranes and Larsen & Toubro (L&T's) Minerals & Metals business unit includes Konecranes' brand portfolio of manually driven ship-to-shore, rubber-tired gantry, rail-mounted gantry and shipyard cranes.

The first order under this agreement was from Cochin Shipyard for two shipyard jib cranes, received in November of 2022.

The cranes are level-luffing, single-boom jib cranes, the first with 75-tonne lifting capacity and 85m outreach, and the second with 40-tonne lifting capacity and 75m outreach.

L&T will manufacture them at its Kanchipuram factory in Tamil Nadu province using design and components from Konecranes, with the Finnish equipment manufacturer supervising the entire delivery. The cranes will be delivered within 24 months to the Cochin Shipyard.

“This agreement will broaden the reach of Konecranes port cranes in India, a dynamic market with great potential. We look forward to working with L&T to build a customer base that will benefit from our specialist expertise and global service network. We are pleased that the agreement is already rolling with the shipyard crane order from Cochin Port,” stated Shyam Pathak, sales director of South Asia for Port Solutions at Konecranes.

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