1. Monnet Ispat & Energy Limited is an Indian steel company with sectors including steel, sponge iron, and pig iron. It has experienced consistent growth through its diversified business model.
2. The company has expanded operations through acquisitions such as an Indonesian coal company and increasing coal and power generation capacities.
3. Monnet Ispat & Energy Limited engages in corporate social responsibility initiatives in areas like healthcare, education, livelihood generation, and supporting Indian boxing.
India is the sixth largest manufacturing nation globally. The country’s manufacturing agenda received a boost with the launch of the Make in India (MII) program. With recent reforms, especially in enhancing ease of doing business, opening the economy to foreign investors and international trade and increasing transparency, India is well poised to become a key manufacturing player in the global economy. Confederation of Indian Industry (CII) has been at the forefront of the Government’s Make in India action plan and has been supporting the Government in driving the National manufacturing agenda.
Going forward, the next phase of India’s manufacturing growth will require it to be future ready since there is an increase in the usage of technologies in diverse fields. The global manufacturing landscape is being transformed by digital technologies such as the “Internet of Things” collectively called “Industry 4.0”. CII believes that these digital technologies are key for unlocking manufacturing competitiveness in India and globally.
This edition of the Policy Watch dedicated to manufacturing focusses on the opportunities and growth prospects in the sector. It also highlights key interventions which need to be taken up on priority to put Indian Manufacturing on a path of high growth trajectory.
India is the sixth largest manufacturing nation globally. The country’s manufacturing agenda received a boost with the launch of the Make in India (MII) program. With recent reforms, especially in enhancing ease of doing business, opening the economy to foreign investors and international trade and increasing transparency, India is well poised to become a key manufacturing player in the global economy. Confederation of Indian Industry (CII) has been at the forefront of the Government’s Make in India action plan and has been supporting the Government in driving the National manufacturing agenda.
Going forward, the next phase of India’s manufacturing growth will require it to be future ready since there is an increase in the usage of technologies in diverse fields. The global manufacturing landscape is being transformed by digital technologies such as the “Internet of Things” collectively called “Industry 4.0”. CII believes that these digital technologies are key for unlocking manufacturing competitiveness in India and globally.
This edition of the Policy Watch dedicated to manufacturing focusses on the opportunities and growth prospects in the sector. It also highlights key interventions which need to be taken up on priority to put Indian Manufacturing on a path of high growth trajectory.
Steel Is Crucial to The Development of Any Modern Economy and It Is Considered the Backbone of Human Civilization India’s steel production grew 4.5% to its highest ever level of 106.5 million tonnes in FY18. JSW Steel, the flagship company of the JSW Group is one of India’s leading steel players with integrated steel manufacturing facilities. JSW Steel Prospects to increase the size of its steel-making operations at a faster rate through both organic and inorganic routes. Currently, JSW Steel in the midst of ramping up their operations further through the implementation of brownfield expansion projects. JSW Steel’s lower capital expenditure per tonnes leads to higher return profile. A lower gestation period and capex to set up a new facility lead to a higher return on capital and equity for JSW Steel. Analyze 10-year data of Indian steel Industry concerning Jsw steel. JSW Steel Net Sales and Profit growth Are positive & exponential in the last 10 Years From 2009-2018 With the help of Different Marketing Strategies digital marketing and Rural marketing. The franchise-based authorized retail format (Jsw Shoppe) create a sustainable differentiator for JSW Steel's exclusive value-added products and service offerings. Digital Marketing Through LinkedIn, Facebook and other Social Media to Interacting with Customer. Jsw Shoppe Is beneficial for not only Urban Market but for Rural Market Too. Jsw Steel Jsw Shoppe Case study use for Harvard case study of retail marketing. JSW Steel is also among the fastest-growing companies in India with 18.91% net sales of steel and 15% profit margin which is highest amongst steel industry competitors. JSW Steel has plans to increase its manufacturing capacity to 44-45 million tons per annum by 2030 from the present 19 million tonnes.
Jsw Steel Growth is tremendous and after 10 years the world will be recognized.
India has become the world’s fourth-largest producer of crude steel. The country is slated to become the second-largest steel producer by 2015 as large public and private sector players strengthen steel production capacity in view of the rising demand.
The total market value of the steel sector in India stood at US$ 57.8 billion in 2011 and is expected to touch US$ 95.3 billion by 2016. Total crude and finished steel production grew at a compound annual growth rate (CAGR) of 6.6 per cent and 4.2 per cent over FY08-11 to reach 69.6 million tonnes (MT) and 66 MT respectively.
Steel consumption is expected to grow at an average rate of 6.8 per cent to reach 104 MT by 2017 driven by rising infrastructure development and growing demand for automotives. The infrastructure sector is India’s largest steel consumer, accounting for 63 per cent of total consumption in FY11. Attracted by the growth potential of the Indian steel industry, several global steel players have been planning to enter the market. The Government of India (GOI) has allowed 100 per cent foreign direct investment (FDI) in the sector through automatic route in order to attract foreign investments.
about the steel industry,Product of the industry, PEST analysis, Porter's five forces, Market Share, Future of the industry, Growth of the industry, Nation steel policy.
Challenges & future scenario of steel industry 1GS Dhir
Power point copy of Presentation made by me on "Challenges & Future Scenario of Steel "Industry in Reliance General Insurance (RGICL's) National Conference on "Latest Trends & Practices in Steel Sector" held at Mumbai on 17-18 Jan 2014
Steel Is Crucial to The Development of Any Modern Economy and It Is Considered the Backbone of Human Civilization India’s steel production grew 4.5% to its highest ever level of 106.5 million tonnes in FY18. JSW Steel, the flagship company of the JSW Group is one of India’s leading steel players with integrated steel manufacturing facilities. JSW Steel Prospects to increase the size of its steel-making operations at a faster rate through both organic and inorganic routes. Currently, JSW Steel in the midst of ramping up their operations further through the implementation of brownfield expansion projects. JSW Steel’s lower capital expenditure per tonnes leads to higher return profile. A lower gestation period and capex to set up a new facility lead to a higher return on capital and equity for JSW Steel. Analyze 10-year data of Indian steel Industry concerning Jsw steel. JSW Steel Net Sales and Profit growth Are positive & exponential in the last 10 Years From 2009-2018 With the help of Different Marketing Strategies digital marketing and Rural marketing. The franchise-based authorized retail format (Jsw Shoppe) create a sustainable differentiator for JSW Steel's exclusive value-added products and service offerings. Digital Marketing Through LinkedIn, Facebook and other Social Media to Interacting with Customer. Jsw Shoppe Is beneficial for not only Urban Market but for Rural Market Too. Jsw Steel Jsw Shoppe Case study use for Harvard case study of retail marketing. JSW Steel is also among the fastest-growing companies in India with 18.91% net sales of steel and 15% profit margin which is highest amongst steel industry competitors. JSW Steel has plans to increase its manufacturing capacity to 44-45 million tons per annum by 2030 from the present 19 million tonnes.
Jsw Steel Growth is tremendous and after 10 years the world will be recognized.
India has become the world’s fourth-largest producer of crude steel. The country is slated to become the second-largest steel producer by 2015 as large public and private sector players strengthen steel production capacity in view of the rising demand.
The total market value of the steel sector in India stood at US$ 57.8 billion in 2011 and is expected to touch US$ 95.3 billion by 2016. Total crude and finished steel production grew at a compound annual growth rate (CAGR) of 6.6 per cent and 4.2 per cent over FY08-11 to reach 69.6 million tonnes (MT) and 66 MT respectively.
Steel consumption is expected to grow at an average rate of 6.8 per cent to reach 104 MT by 2017 driven by rising infrastructure development and growing demand for automotives. The infrastructure sector is India’s largest steel consumer, accounting for 63 per cent of total consumption in FY11. Attracted by the growth potential of the Indian steel industry, several global steel players have been planning to enter the market. The Government of India (GOI) has allowed 100 per cent foreign direct investment (FDI) in the sector through automatic route in order to attract foreign investments.
about the steel industry,Product of the industry, PEST analysis, Porter's five forces, Market Share, Future of the industry, Growth of the industry, Nation steel policy.
Challenges & future scenario of steel industry 1GS Dhir
Power point copy of Presentation made by me on "Challenges & Future Scenario of Steel "Industry in Reliance General Insurance (RGICL's) National Conference on "Latest Trends & Practices in Steel Sector" held at Mumbai on 17-18 Jan 2014
Conducting an Organizational Assessment 4
Conducting an Organizational Assessment
Name: Michael Carlson
Instructor: Godwin Igein
Course: MGT416
Institution: Argosy University Online
Date: Nov 25, 2015
Tata Steel, the flagship company of Tata group, has crude steel production capacity of 30 million tonnes per annum. It was founded by Jamsetji Nusserwanji Tata. It is the world’s second-most geographically diversified steel producer (Tata Steel, n.d.). They have their presence in almost 50 countries with an employee base of 80,000 people. As on March 31, 2015, the group had an overall turnover of Rs 139,504 crores (India Infoline, 2015).
They established their first steel plant in 1907 in Jamshedpur, India. From there on they have moved on to setting up new steel projects in Jharkhand, Odisha and Chhattisgarh.
Raw material integration is the strategy that sets them apart from their competitors. The prices of the raw materials used by them are highly volatile. The basic raw materials used by them are iron ore and cooking coal. They have their own mines and collieries which satisfy their raw material requirement. For additional requirement, they enter into future contracts with suppliers so as to ensure a continuous flow of raw material and have a hedge against price volatility. In fact, the company is exploring mining opportunities overseas also. The minerals that are grabbing their eyeballs overseas are Limestone and Ferro chrome. They want to have full control on raw material resources so that there is no interruption with its supply. This strategy also ensures that they are able to provide very competitive prices for their products.
The company has also been a continuous investor in various research and development projects to improve its quality and provide better rates to the customers. Tata Steel’s R&D centres are now conducting research programmes to improve the life cycle and sustainability of its products. These include projects to reduce energy consumption, CO2 and other emissions (Tata Steel, n.d.).
Tata Steel had also launched a program, Kar Vijay Har Shikhar. This program involves the use of Total Quality Management and various statistical tools to improve their process.
The company’s strategy for global markets is to become global benchmark in value creation and corporate citizenship in steel industry (Tata Steel, n.d.). They have their main focus on innovating new and distinct products for the international markets that satisfy the needs of their customers. They have been continuously investing in terms of time and money to improve their manufacturing facilities and provide best quality products at competitive prices.
The company has also been investing in a number of mergers and acquisitions to improve their global presence. They have acquired NatSteel and Millenium Steel thereby increasing their pr.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
1. Parnamoy Dutta
Roll No. 13
PGDM (IB)
Page | 1
Monnet Ispat & Energy Limited
1. About Monnet Ispat & Energy Limited:
Sector: Steel/Sponge Iron/Pig Iron.
House: Monnet.
BSE Code: 513446.
NSE Symbol: MONNETISPA.
Indices: BSE500, MIDCAP, CNX500, CNXMETAL.
Chairman/ Managing Director: Sandeep Jajodia.
Face Value: 10
Auditor: OP Bagla & Co.
2. Sector Analysis:
Overview:
o New era of development since liberalization.
o Domestic steel industry has become market oriented and integrated
with the global steel industry.
o Plays an important role in Indian economy by contributing to nearly
2% of the GDP and employs over 500.000 people.
o Backbone of sectors like, Auto Industry, Infrastructure.
o Due to the favourable government policies and robust economic
growth, Indian steel industry is presently experiencing healthy growth.
o Domestic demand and consumption appear to be excellent driven by
the high investment rate, growth in manufacturing industry and
expansion in physical infrastructure creation.
o Indian steel industry has emerged as the 4th largest steel producing
country in the world.
2. Page | 2
o India’s low cost labour and ready availability of iron ore contribute
significantly to the cost competitiveness of producing steel in India.
o Steel industries are mainly located in the eastern region of India-
Orissa, Chhattisgarh, West Bengal, etc.
Regulatory Environment:
o National Steel Policy, 2005:
Increase the total installed capacity to 110 million tonnes and
with production capacity of 100 million tonnes by 2019-20.
Average growth to be maintained at 7% for achieving the goal.
To achieve this goal and extra amount of US$65 billion is
required in addition to funds for technology up-gradation.
Focus is on domestic sector but also envisages a faster growth
than domestic consumption which will enable export
opportunities.
o Institutional and Policy Settings:
Allowing private ownership and foreign investments have
increased capital inflow, resulted in better quality. SAIL and
RINL (heavyweight PSU’s) have been granted ‘NAVRATNA’
status which allow them to have greater autonomy in
investments, joint venture and commercial decisions.
Improving Intellectual Property Laws has provided greater
security in intellectual property ownership and will facilitate
transfer of intellectual property to India and the development of
indigenous technology solutions.
Deregulation of pricing and distribution of iron and steel
resulted in proper reflection of production costs or product
quality on prices and helped in implementing efficient logistics.
Customs Policy: The government has significantly reduced the
duty payable on inputs to steel production on capital equipment
and on finished steel product and has streamlined the associate
approval processes. The government also supports firms that
are into exporting of steel products.
Steel plants operating in Special Economic Zones are not
subjected to restrictive normal laws for the purpose of export
3. Page | 3
operations and also receive some additional advantages
including tax holidays, freedom to source inputs domestically
or externally without approval or duty payable.
SWOT Analysis:
Challenges faced by India Steel Sector:
o Land acquisition requires more than a nod from a centralized authority.
o Judicious allocation of abundant iron ore remains a challenge.
o Limited access to coking coal.
o Underdeveloped infrastructures, environmental & forest clearances and
availability of coal and fuel and increasing cost of dry fuel.
o The environment clearance has been another major concern for the
steel sector while setting up plants.
4. Page | 4
3. Sector Performance:
Production for Sale trend of last five years for total finished steel:
Public/Private production trend:
Year Total Finished Steel(in million tonnes)
2006-07 52.52
2007-08 56.07
2008-09 57.16
2009-10 60.62
2010-11 68.62
Year 2006-07 2007-08 2008-09 2009-10 2010-11
Public Sector 17 17.9 16.37 16.71 16.99
Private Sector 33.81 36.77 42.07 49.13 52.67
Total 50.81 54.67 58.44 65.84 69.66
5. Page | 5
Imports/Exports Trend:
Year Imports in million tonnes Exports in million tonnes
2006-07 4.93 5.24
2007-08 7.03 5.08
2008-09 5.84 4.44
2009-10 7.38 3.25
2010-11 6.66 3.64
6. Page | 6
Global Ranking of Indian Steel in terms of production:
Consumption Trend:
Rank Country Production in million tonnes
1 China 683.26
2 Japan 107.59
3 US 86.25
4 India 72.2
5 Russia 68.74
6 South Korea 68.47
7 Germany 44.29
8 Ukraine 35.33
9 Brazil 35.16
10 Turkey 34.1
Year Apparent Consumption in million tonnes Percentage Growth
2006-07 46.7 30
2007-08 52.1 11.56316916
2008-09 52.3 0.383877159
2009-10 57.6 10.13384321
2010-11 65 12.84722222
7. Page | 7
Future Outlook:
o In 2011 our per capita consumption of steel was only 57 Kgs as against
the world average of 214.7 Kgs which gives a clear picture of
enormous potential.
o The massive investment of $1 trillion has been envisaged for the 12th
Five year plan in infrastructure sector is clearly to boost the demand
and growth of the Indian steel sector.
o In the most likely growth scenario of 8.5% to 9% GDP growth, in the
next five years the demand for steel would grow at a annual average
rate of 10.3%.
o We can also expect the consolidation of small and mid-sized players in
the domestic market as they look to compete with the large global
players entering India.
o R&D must be focus area as even if buying new technology is an option
but developing its own technology is a better proposition.
o Continuance of tax sops for housing sector will also be a positive factor
for increased steel demand in the country.
o According to the Ministry of Steel, India is expected to become the
second largest producer of crude steel in the world by 2015-16.
o Domestic Demand for 12th
Five Year Plan:-
8. Page | 8
o Demand Drivers: Infrastructure, Auto, Manufacturing have the
potential to grow in the future thereby boosting the growth of Indian
Steel sector.
4. Gist of Chairman Speech:
Company registered consistent growth steered by its diversified
and de-risked business model thereby enabling it to power growth
and empower people.
Financial Performance:
o The Company’s de-risked business model insulated it from the
challenges that prevailed in the year and helped its steady performance.
o Merchant power segment remained challenging but higher sales
realization from sponge iron improved overall profitability.
Year GDP @ 8% GDP @ 8.5% GDP @ 9% GDP @ 9.5%
2012-13 72.6 72.9 73.3 73.7
2013-14 79.2 80 80.8 81.7
2014-15 86.4 87.7 89.1 90.5
2015-16 94.3 96.3 98.3 100.3
2016-17 102.9 105.6 108.3 111.2
9. Page | 9
o The steel business also witnessed some price volatilities in the middle
of the financial year but soon stabilized in the later part thus reporting
a healthy top-line and bottom line growth.
Operational Performance:
o Operationalized its iron ore washery plant at Raigarh and beneficiated
low grade iron ore and blended it with sized iron ore to achieve a better
cost.
o Availability of captive coal mines helps the company to produce lowest
cost power which helped it to take a rapid stride in enhancing power
generation for merchant selling.
o Coal business also saw a major development with the acquisition of
Indonesian Coal Company PT Sarwa Sembada Karya Bumi for US $24
billion. The excellent logistic of the mine along with low shipping cost
and transit time will make coal extremely cost effective.
o Further, it will also provide low-cost fuel for planned coal-based power
projects.
o Excess coal mined can be used for the selling in the open market
thereby can be a source of revenue.
CSR Activities:
o Proud sponsors of the Indian Boxing team (senior, junior, sub-junior).
o Only company to promote amateur boxing in India.
Initiatives for the future:
o Expanding coal beneficiation operation to achieve up to 50 MTPA
capacity.
o Augmenting capacities in steel through implementation of ongoing 1.5
MTPA integrated steel plant at Raigarh.
5. Reports and their meanings:
Corporate Information:
o Contains the name of board of directors, auditors, company addresses,
etc.
Managing Directors’ Message:
o Consists of the views of the managing director and his outlook about
the company to the shareholders.
10. Page | 10
CSR Initiatives:
o In the health sector the company has set up hospital and arranged free
health check-ups for the unprivileged.
o Took initiatives to replace traditional chulhas with smoke-less stoves to
reduce the spread of diseases through contaminated air.
o Various Women empowerment programs like poultry farming, phenyl
making, etc. has been taken up.
o Schools have been set up with the view to impart education.
o Focus has also been on developing income generation skills to attain
sustainable livelihood.
o Proud sponsors of the Indian Boxing team (senior, junior, sub-junior).
Directors’ Report:
o No capacity addition to the existing facilities.
o More emphasis given on production of power and Ferro alloys which
were more profitable.
o Net sales and profit increased though the production of sponge iron,
power, steel, coal decreased as the price of merchant power increased
and prices of coal stabilized.
o Steel expansion is on schedule and power expansion is on-track after a
delay due to environment clearances.
o A new joint venture with Ecomaister Co. Ltd of Korea for a slag
handling plant (environmentally favourable and commercially
profitable) has been formed.
o The report also states the directors’ responsibility as per Section 217
(2AA) and also statutory disclosures.
o It also states about the risk management policy, internal audits, and note
on subsidiaries.
Annexure to the Directors’ Report:
o It states the measures taken for energy conservation, investments for
reduction of energy consumption, optimization of resources.
o The impact of above measures on the cost of goods has been kept under
control.
11. Page | 11
o The company did not spend on technology absorption, innovation, and
research and developments.
Corporate Governance Report:
o States the company’s philosophy towards ethical corporate citizenship
by following healthy governance practices and discharging societal
responsibilities towards all associates, capital providers, and
stakeholders.
o Provides us with the dates of the board meetings and whether it
complied with clause 49 of the Listing Agreement.
o Presents the structure of board of directors, their remuneration, and
their attendance in board meetings.
o Information on various committees like audit committee, remuneration
committee, grievance committee etc. are also given.
o It also has data related to status of complaints, shareholding pattern,
distribution of shareholding, stock price data, dividend history, and
general share holder information.
Auditors’ Report:
o Balance Sheet: Consists of the sources of funds from shareholders and
loans and the application of these funds for business functions. For a
good firm the source and application should be same as in the case of
Monnet.
o Profit and Loss Account: Give details of the income from sales minus
the inter division transfers and excise duty, expenditure in the form of
material, manufacturing, increase/decrease of stocks, repair,
maintenance, administrative expenses, depreciation, profit before tax,
and profit after tax calculation. Rising profit gives a positive indication
about the company.
o Schedules: Detailed calculations about the entries in Balance sheet,
Profit and Loss account and the accounting policies followed for
calculating them are described in the schedules.
o Cash Flow Statements: Describes the cash flow in and out of the
business. The cash flow denotes the financial flexibility, profitability,
and company’s liquidity. Increased cash flow denotes that the firm is
financially strong and flexible.