Ad Here  
AL secures orders for 3600 buses L&T profit up by 11 per cent Tata Motors charts investments in PV and CV businesses Smooth sailing of SAIL L&T bags the Mumbai Trans-harbour link order ITC – steep excise hike Tata Motors bets on new launches Nissan exit shouldn’t affect ALL Preparing for the next growth curve CAPITAL NOTES Rane targets Rs.5500 crore topline by 2018-19 The unexpected exit E.I.D Parry (India) Ltd: another sweet year AL wins Deming prize again Smartphone onslaught by Chinese brands Dish TV – subscriber additions encouraging Tata Motors aims to be among the Top 3 global CV & PV firm From the toughest to the best year Yamaha unveils scooter boutique Gamesa to set up a plant in Nellore TVS Srichakra plans capacity expansion Is this a generation gap? Kone India eyes further growth in elevator market Vellayan is back, after 150 days Back in growth mode Increasing market share ITC chairman calls for policy impetus to transform agriculture Are they really independent? PPP model for infrastructure development L & T’s floating dock for navy Hyundai India achieves 7 mn production at Chennai factory TN government keen on revival of operations at Nokia complex TVS Automobile invests Rs.75 crore in start-up firms Tata gets 4-star rating for Zest Sivasankaran enters taxi space to take on Uber and Ola LVB posts 31 per cent growth in Q1 net profit Tata Steel, ThyssenKrupp sign MoU to merge European units Welcome focus to improve rural India... Carnival Films acquiring 3000 screens pan India Sundram Fasteners rejigs international It takes two to tango Shriram Life clocks more than Rs.1000 crore premium in 2015-16 29 per cent jump in TCS revenues AL introduces Guru & Partner Land wars Maruti – for young buyers Chinese smart phones flourish in small towns too! Last stages Hyundai to focus on SUVs and AMT variants Forging industry worried over lower supply of steel and its price A niche in FMCG business... New India Assurance posts impressive show Mercedes-Benz sales continue to zoom Tata Motors joins compact SUV bandwagon with Nexon Toyota and Suzuki to introduce EVs in India by 2020 Ponni Sugars (Erode) Ltd: not so sweet 2012-13 He excels in the nuts and bolts of entrepreneurship TI Cycles plans retail expansion to drive sales for premium bicycles Titan Company – sales recovery to kick in RoC in the dock... Consolidating leadership position in smartphones Hindalco – re-rating Emami – a new growth mantra PSU non-life firms seek to protect share Record two-wheeler sales HPCL plans Rs.61,000 crore capex over 5-years IOB on turnaround path Daimler’s truck exports from Chennai cross 5000 units Michelin to double Chennai capacity Eyes strong growth in 2016-17 Daimler grows sales and share in India V-Guard launches app-enabled water heater system When small is not so beautiful… Aurobindo Pharmacy: good turnaround Ode to Ratan Tata Right to privacy – now it’s fundamental! Housing demand revival A welcome initiative-even critics are recognised The gainers and the losers Singur minus Nano – victory or folly? M & M unveils driverless technology for tractors Solar installations exceed 2015 capacity in five months Bajaj Finserv – Q1: fare well L & T set bigger ambitions in defence business Wabco launches safety system
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236