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