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

Domestic forging industry is anticipating an improved demand/growth in the coming quarters due to a good monsoon and surge in auto sales, primarily the commercial vehicle and tractor segments. The forging industry, which has emerged as a significant contributor to the Indian manufacturing sector, has 378 functional forging units across India and the total turnover of the industry was Rs.31,189 crore. It employs about one lakh in the country.  The total installed capacity has increased from 37.6 lakh tonnes in 2014-15 to 38.5 lakh tonnes with the overall production of forgings increased from 22.5 lakh tonnes to 23.9 lakh tonnes. The industry has been showing a growth trend since last three quarters.

While the growth prospects are favourable for the industry, there are some key challenges. The supply of steel within the country is less than that of demand. “Some of the reasons  for the  demand-supply gap are major players reeling under high debts, lower coal production by Coal India Ltd and a significant rise in prices of graphite electrodes,” according to S Muralishankar, President, Association of Indian Forging Industry. 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com