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AL secures orders for 3600 buses Increasing market share Rane targets Rs.5500 crore topline by 2018-19 Tata Motors aims to be among the Top 3 global CV & PV firm Hyundai India achieves 7 mn production at Chennai factory TN government keen on revival of operations at Nokia complex E.I.D Parry (India) Ltd: another sweet year CAPITAL NOTES A welcome initiative-even critics are recognised From the toughest to the best year Hindalco – re-rating TVS Srichakra plans capacity expansion L&T profit up by 11 per cent AL introduces Guru & Partner Nissan exit shouldn’t affect ALL Bajaj Finserv – Q1: fare well Michelin to double Chennai capacity Shriram Life clocks more than Rs.1000 crore premium in 2015-16 HPCL plans Rs.61,000 crore capex over 5-years Carnival Films acquiring 3000 screens pan India TI Cycles plans retail expansion to drive sales for premium bicycles L & T’s floating dock for navy Back in growth mode Preparing for the next growth curve Record two-wheeler sales Sivasankaran enters taxi space to take on Uber and Ola Yamaha unveils scooter boutique PSU non-life firms seek to protect share Forging industry worried over lower supply of steel and its price Last stages 29 per cent jump in TCS revenues Tata Motors charts investments in PV and CV businesses ITC chairman calls for policy impetus to transform agriculture Daimler’s truck exports from Chennai cross 5000 units Welcome focus to improve rural India... Solar installations exceed 2015 capacity in five months The gainers and the losers He excels in the nuts and bolts of entrepreneurship Are they really independent? Tata Motors joins compact SUV bandwagon with Nexon Eyes strong growth in 2016-17 Aurobindo Pharmacy: good turnaround Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Tata Steel, ThyssenKrupp sign MoU to merge European units A niche in FMCG business... Consolidating leadership position in smartphones When small is not so beautiful… V-Guard launches app-enabled water heater system Chinese smart phones flourish in small towns too! New India Assurance posts impressive show L&T bags the Mumbai Trans-harbour link order Tata gets 4-star rating for Zest Titan Company – sales recovery to kick in Maruti – for young buyers Emami – a new growth mantra Gamesa to set up a plant in Nellore PPP model for infrastructure development Wabco launches safety system Toyota and Suzuki to introduce EVs in India by 2020 ITC – steep excise hike Smartphone onslaught by Chinese brands Tata Motors bets on new launches M & M unveils driverless technology for tractors Land wars Right to privacy – now it’s fundamental! Smooth sailing of SAIL It takes two to tango TVS Automobile invests Rs.75 crore in start-up firms Hyundai to focus on SUVs and AMT variants Mercedes-Benz sales continue to zoom Kone India eyes further growth in elevator market Is this a generation gap? L & T set bigger ambitions in defence business AL wins Deming prize again IOB on turnaround path RoC in the dock... Ode to Ratan Tata Dish TV – subscriber additions encouraging Housing demand revival Sundram Fasteners rejigs international The unexpected exit LVB posts 31 per cent growth in Q1 net profit Daimler grows sales and share in India Vellayan is back, after 150 days Singur minus Nano – victory or folly?
 
Smooth sailing of SAIL

“Steel Authority of India Ltd (SAIL) achieved a 14 per cent higher turnover during 2016-17. The increase was contributed by measures enriching the company’s product mix,” said P K Singh, Chairman.

Addressing the 45th Annual General Meeting he mentioned that SAIL had produced, since inception, 475 million tonnes of crude steel and has partnered in all major national projects.

SAIL had a turnover of Rs 49,180 crore in 2016-17 (Rs 43,294 crore)

 All the major units of SAIL at Bokaro, Bhilai, Durgapur, Burnpur and Rourkela have been through modernisation and expansion plans. An instance of SAIL’s invaluable contribution was provided at the recent inauguration of the Sardar Sarovar Project: SAIL had supplied around 85,000 tonnes of steel, forming 80 per cent of steel required by SSP.

I have been deeply impressed with the consistently profitable Bhilai Steel Plant’s record in meeting the expanding requirements of sectors like the railways. The rail mill at BSP has been meeting the needs for rails to increasing sophistication. The new universal rail mill at BSP inaugurated earlier this year produces the world’s longest single piece rail, 130 meters. Chairman Singh mentioned that supplies of welded, 260 meter rail panels to the railways are in progress.

The recent launch of the high speed rail project at Ahmedabad by the Prime Ministers of Japan and India at a cost of Rs 108,000 crore has the pro-mise of opening up new vistas.

Japanese have been leaders in sophisticated steel technology. There is a great opportunity to work on a massive expansion of steel capacity. In less than 20 years, China focused on steel and today accounts for half the global crude steel production. India, whose production was comparable to that of China hardly three decades ago, today produces less than an eighth of Chinese production.  With huge potential for consumption of steel by the high priority infrastructure sector, India should explore the possibilities of working together with Japan to expand steel capacity and in big volumes. Developing the technology needed for high speed rails would help the extending HSR systems simultaneously in different parts of India. – SV

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