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