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