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