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

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