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

“Steel Authority of India Ltd (SAIL) achieved a 14 per cent higher turnover during 2016-17. The increase was contributed by measures enriching the company’s product mix,” said P K Singh, Chairman.

Addressing the 45th Annual General Meeting he mentioned that SAIL had produced, since inception, 475 million tonnes of crude steel and has partnered in all major national projects.

SAIL had a turnover of Rs 49,180 crore in 2016-17 (Rs 43,294 crore)

 All the major units of SAIL at Bokaro, Bhilai, Durgapur, Burnpur and Rourkela have been through modernisation and expansion plans. An instance of SAIL’s invaluable contribution was provided at the recent inauguration of the Sardar Sarovar Project: SAIL had supplied around 85,000 tonnes of steel, forming 80 per cent of steel required by SSP.

I have been deeply impressed with the consistently profitable Bhilai Steel Plant’s record in meeting the expanding requirements of sectors like the railways. The rail mill at BSP has been meeting the needs for rails to increasing sophistication. The new universal rail mill at BSP inaugurated earlier this year produces the world’s longest single piece rail, 130 meters. Chairman Singh mentioned that supplies of welded, 260 meter rail panels to the railways are in progress.

The recent launch of the high speed rail project at Ahmedabad by the Prime Ministers of Japan and India at a cost of Rs 108,000 crore has the pro-mise of opening up new vistas.

Japanese have been leaders in sophisticated steel technology. There is a great opportunity to work on a massive expansion of steel capacity. In less than 20 years, China focused on steel and today accounts for half the global crude steel production. India, whose production was comparable to that of China hardly three decades ago, today produces less than an eighth of Chinese production.  With huge potential for consumption of steel by the high priority infrastructure sector, India should explore the possibilities of working together with Japan to expand steel capacity and in big volumes. Developing the technology needed for high speed rails would help the extending HSR systems simultaneously in different parts of India. – SV

Author :
Reported On :
Sector :
Shoulder :
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