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