India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.
Category: Materials
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ENFORCEMENT OF CONTRACTS Mitigating the Uncertainty
There is a silver lining here: For the past two years, the Modi government has been adopting a broad strategy to substantially improve India's dismal WB ranking for ease of doing business. Concerted efforts have been made to remove serious bottlenecks that exist in the numerous business laws and a "holistic approach"taken.
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Post Budget Analysis | Metals: Iron and Steel
The government's thrust on infrastructure, which is one of the key end-user industries for the steel business, is an encouraging trend for steel demand. Within infrastructure, significantly higher capital expenditure earmarked for affordable housing, power transmission and railways is likely to augment steel demand.
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Ambuja among top 10 in Global DJSI ranking
Ambuja Cements, a part of the global conglomerate LafargeHolcim and one of the leading cement manufacturing companies in India, has set new sustainable development benchmarks with the internationally renowned Dow Jones Sustainability Index (DJSI) 2017 ranking the Company at No. 7 in the Construction Material category.
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Design-led innovation key to business growth
Godrej Locking Solutions and Systems (Godrej Lockss), the 120-year-young locking systems and hardware solution manufacturer and part of the Godrej Group, has announced that design-led innovation will be one of the core pillars of its business growth strategy along with new product offering, increased reach within domestic market and expansion to several key international markets.
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Asahi India Glass commence commercial production of glass plant
Asahi India Glass (AIS) IndiaÂ’s leading value-added and integrated glass company has commenced production at Taloja plant.
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Build-up domestic capacity for making equipment in the country: Joint Secretary, Ministry of Steel
The government is working on creating domestic capacity for the equipments being imported in the country, said Sunil Barthwal, Joint Secretary, Ministry of Steel at an ASSOCHAM event held in New Delhi today.
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Jindal Mectec to rebuild Haldiram’s factory
Jindal Mectec, the largest insulated sandwich panel manufacturing company of India, has secured an order from Haldiram's, a leading food and snack manufacturer having operations pan India, to rebuild its packaging and manufacturing unit by using Rockwool panel.
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Steely resolute campaign needed to mitigate counterfeiting
Sandesh Das, a young 28-year old mechanical engineer with a mid-sized shipping company was totally ecstatic when he received the keys to his dream home within a newly developed housing complex in Mira Road, an extended suburb on MumbaiÂ’s outskirts.
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Companies with large debt face risk of default
The preliminary challenge in investing in companies already under insolvency proceedings is - reversal of the order by appellate authority viz. NCLAT or the Supreme Court, explains Ashish Parwani, Partner, Rajani Associates.