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