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