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

Tata Steel has revised the domestic sales volume guidance for FY17 wherein volumes from Jamshedpur are expected at 9.4 million tonnes and 1.5 million tonnes from Kalinganagar. The company is currently implementing a capacity expansion plan under which it is boosting its domestic capacity by 3 MT from 9.7 MT currently to 12.7 MT. Phased commissioning of facilities is going on at Kalinganagar, Odisha. The new facility is likely to be fully operational this fiscal. Expansion in the higher margin domestic business augurs well for the company as sales volumes from Indian operations are expected to increase steadily in the overall volume mix.

During the first 9-month period, Tata Steel’s domestic sales grew by about 14 per cent, which is higher than domestic steel consumption growth of 3.5 per cent reflecting an increase in Tata Steel’s market share in domestic markets.

Post demonetisation, steel consumption is expected to remain under pressure in the coming few months, to a certain extent, according to a report by CARE Ratings. However, government push towards infrastructure will compensate for this reduction in demand. 

Author :
Reported On :
Sector :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com