Research on India_Manufacturing and Construction Sector in India Monthly Update_January 2012

Manufacturing and Construction Sector in India

Monthly Update

January 2012

Top Story

Rio Tinto gets approval for diamond mines in Madhya Pradesh The Union Ministry of Mines has given approval to Australia based mining company Rio Tinto to begin diamond mining in Madhya Pradesh. The diamond mines will be developed in the Bunder region. The project consists of 8 lamproites with 27.4 mn carats of inferred resource. The diamond mineralization target is expected to be around 40‐70 mn tonnes with a grade of around 0.3 to 0.7 carats per tonne. The company had first established a diamond prospect in the Bunder region in 2004 after a regional inspection. A prospecting license was signed by the company and the state in September 2006 permitting the company to continue with their exploration work. In order to assess the viability of the mining project an ‘Order of magnitude’ study was also initiated. Work at the site will commence following final approval from the state. he Bunder Project is expected to emerge as a major diamond mine in India. It is elieved to be a major step towards the production of world class diamonds in India. Tb News Update

General Paper prices rise by 23% Following a rise in demand, paper prices have risen by 2 to 3% or INR 1000 to INR 1500 per ton. Price of all categories of paper, namely coated paper, high‐end copier paper and special paper have been raised by the companies. Two major players in the market Bilt and J.K. Paper have raised the price of coated paper from INR10 bn – 15 bn per tonne to INR 520 bn. Price of high quality copier paper has also increased by INR 10 bn per tonne. The price of a high end copier now is INR 620 bn. while ledger nd specialty paper is being sold at INR 560 bn and INR 530 bn per tonne arespectively. Export of paper has also increased following the depreciation of the rupee against US dollar. This has further led to a decrease in inventory of the paper companies and has provided cost recovering opportunity amounting to INR 30 bn. Rise in government purchase of paper with a view to utilize unused budget has also led to a rise in demand. The paper industry of India is estimated to be around 10 million tonnes. riting paper segment accounts for 3.8 mn tonnes, packaging grade paper segment or 4.5 mn tonnes and the newsprint industry for 1.7 mn tonnes. Wf

Manufacturing and Construction – Monthly Update

RINL and SAIL to obtain mining approval in Rajasthan Rajasthan Government has decided to grant iron‐ ore mining rights to Rashtriya Ispat Nigam Limited and Steel Authority of India Limited in the Bhilwara district of Rajasthan. 864.6 ha and 1043 ha mining area have been allocated for SAIL and RINL respectively. The mines will be allotted to them once the final approval from the Indian government is obtained. INR 40 bn will be invested by the two public sector

iunits n Bhilwara to develop a mining capacity of 5000 mn tonnes of mechanized iron ore. After the mining rights have been granted the state will get a Greenfield steel plant with a production capacity of 2 mn tonnes per annum, a pelletisation plant with 1.8 mn tonnes production capacity per annum and a sponge iron plant with a production capacity of 1 mn tonnes per annum. These projects are expected to create around 2000 direct jobs and around 20000 indirect job opportunities. The iron ore in the Bhilwara district belongs to the magnetite grade having a low recovery percentage of 30 to 35%. Followed by an assured linkage to limestone from Jaisalmer and Dolomite from Jodhpur, companies are now coming forward to invest in these mines. Coal India to set up a Jointventure with the Limpopo Government State owned company Coal India is likely to form a joint‐ venture with the Limpopo government with a view to acquire the coal mines in the region and increase its output level. Coal India is expected to have a majority stake in the joint venture while at least 26% stake will be that of the public enterprise of Limpopo. The province of impopo is an important source of Platinum and is expected to have untapped coal Lpotential. Mining is a primary economic activity contributing about 20% of the economy of the region. Coal India accounts fore more than 80% of the domestic coal production with revised production target of 440 mn tonnes from 452 mn tonnes in the beginning of he fiscal year. at Consortium of ironore companies to invest INR 3.75 bn in Afghanistan INR 3.75bn will be invested in the iron‐ore mines in Hajigak, Afghanistan by a consortium of iron‐ore companies led by SAIL. The mining rights were won by the consortium in November providing India access to the primary raw material for roducing steel. Total investments worth INR 550 bn will be made in order to develop pthe mines, construct infrastructure and build a plant. The consortium of companies consists of JSW Ispat, JSPL, RINL, NMDC, Monnet Ispat and JSW steel as members. Active role of the Afghan government will be solicited to btain mining, licensing and housing rights of workers along with provision of road nd rail infrastructure around the mining region. oa


NLC to invest in improving mining capacity Neyveli Lignite Corporation (NLC) will invest INR 357.4 bn to improve mining capacity from 28 mn tonnes to 45 mn tonnes by 2017. A part of the investment will be utilized to improve power generation capacity from 2500 MW to 10000 MW using German technology. The company also has plans to set up joint ventures with local firms in South Africa and Indonesia in order to acquire coal fields which would in turn help in setting up green field thermal power projects and enable company expansion. Company is primarily based in South India and has lignite reserves with a production capacity of 10.5 mn tonnes, 3 mn tonnes and 10.5 mn tonnes respectively. Company lso has power plants with a generation capacity of 600 MW, 1470 MW and 420 MW n South India. ai Northern Coalfields to hand over land to Reliance Power Land adjoining the Sasan Ultra Mega Power plant will be handed over to Reliance Power by Northern Coalfields. Production from Moher and Moher Amrohli coal mines will be used in the 4000 MW projects of the company being built in Madhya Pradesh.

wTransfer of the land ill also provide the company access to 58 tonnes of coal amounting to INR 62.64 bn. However the transfer of land from NCL is still subject to the approval of the coal ministry. Earlier one block was transferred to Tata Steel from the Central Coalfields. ight blocks of mining land are also being sought by companies like Tata Steel, Essar ower, GVK Power, Adhunik Power and Arcelor Mittal. EP CIL to launch coal mining tender in Mozambique A new tender will be launched by Coal India in Mozambique to explore two coal blocks having a total area of 200 sq kms. The coal reserves of the two blocks is estimated to be around 1 bn ton. The exploration of the mining blocks is set to be started from 2015. ompany had also launched tenders in 2010 and 2011. The former was cancelled due o currency problems and the latter was declared invalid. Ct CairnIndia joint venture starts production The Cairn India joint venture has started oil production in the Barmar Fields. The current production level is around 25,000 barrels per day. The company expects to raise the production to 40,000 barrels per day. The Barmer field consists of Mangala, Bhagyam and Aishwariya oil fields. The production from the Mangalam oil fields is around 125,000 barrels per day. 0% interest in the Barmer acreage is held by Coal India but Cairn India is in charge of he oil field operations. 3t


Reliance Power to double Tilaiya Block coal production Reliance power is going to raise production of coal from the Tilaiya ultra mega power project to 40 mn tonnes per year from the existing 20 mn tonnes. The company has entered into an agreement with RWA Power to obtain technical assistance in the B

and C blocks of North Karanpura coal fields with a view to meet the fuel requirements of the plant. The Tilaiya mining project has a coal reserve of 1.2 bn tonnes and is expected to generate production from 2015. Annual mining cost of the company is expected to be around INR 70 bn. Company had won the project with a winning bid of INR 1.77 per kwh. Company also has a strategic partnership with North American Coal Corporation to carry out mining operations in the 3960 MW Sasan power plant. The Sasan power plant will be commissioned by next January. A new 3960 MW power plant is being uilt at Chitrangi in Madhya Pradesh and the company has been permitted to ship oal to the plant from Moher also located in Madhya Pradesh. bc Mining firm Vedanta to acquire new stakes Mining firm Vedanta resources have offered to buy the minority stakes held by the government in Bharat Aluminium Co. Ltd (Balco) and Hindustan Zinc Ltd (HZL). Earlier the government had sold 51% share in Bharat Aluminium Co. Ltd and 64% of Hindustan Zinc Ltd to Vedanta at INR 5.5 bn and INR 7.5 bn respectively. The ompany intends to utilize the cash reserves of the two acquired companies to finance ts expansion plans. ci International Coal Ventures and Anglo American strategic tie up International Coal Ventures have entered into a strategic tie up with Anglo Indian a London based global leader in mining, to explore coking coal sources. Areas of ooperation in mining are being discussed and a route map will be formed over the cnext three months by ICVL and Anglo. The members of the ICVL include SAIL, Rashtriya Ispat Nigam, NMDC, Coal India and thers. Annually 2.5 mn tonnes of coking coal is purchased by SAIL from Anglo merican.

oA Illegal mining leading to huge losses in revenue According to Coal India subsidiary Eastern Coalfields, illegal mining and other illegal activities are leading to a production loss of 40,000 tons amounting to a revenue loss of INR 120 bn on a monthly basis. Company is incurring a loss INR of 0.12 bn every month from the mines of Narayankudi which is good source of thermal coal and the mines of North Seyarsole due to a standstill in coal production. Disruptions in power supply have further affected the supply of coal to the nearby industries and plants. he loss of revenue is further aggravating the financial condition of the company articularly when it is already operating in losses. Tp


Leyland Deere in advanced stage of developing its construction equipment for Indian market Leyland Deere is in the final stage of developing its second construction equipment for the Indian market. The ‘four wheel drive wheel loadder' is expected to be launched by 2013 along with other products that are yet to be announced. The new equipment

can be used in handling coal and bulk equipments. After the 2000 hours testing of the equipment is done the final configuration of the equipment will be decided. Leyland Deere the joint venture between Ashok Leyland and John Deere launched its first product, the 435 Backhoe Loadder last November. The production unit of the Backhoe Loadder is in Chennai with an annual production capacity of 8000 to 9000 nits. The company is expected to increase its outlets in Sothern India from 22 to 62 y April of this year. ub Orders worth INR 187.8 mn won by Elecon MHE division of the Elecon Engineering Company has won orders worth INR 187.8 mn from McNally Bharat Engineering Company. The order is for supplying two rail‐mounted self propelled multi‐bucket barrel wheel blender reclaimers with 1400/1200 (design/rated) capacity and having a bridge span of 35m. The order also ncludes erection and commissioning of two blender reclaimers for the BHEL and MDC projects.

iN New earth moving and construction equipment cluster in Chandigarh Twelve small and medium term enterprises of the earth moving and construction equipment industry have jointly set up a new industry cluster in Chandigarh. The new industrial cluster has been formed by the initiative of CII‐AVANTHA Centre for Competitiveness for small and medium term enterprises. The centre had set up a similar industrial cluster in Chandigarh from June 2010 to November 2011. The CII – AVANTHA Centre was established by the Confederation of Indian Industry in 2004 to improve the market competitiveness of the small and medium enterprises. Cold Forged Brass Nuts launched by Brass Nuts Screws Fasteners Brass Nuts Screws Fasteners have launched DIN 934 and ISO 4032 grade Cold Forged Brass Nuts. Unlike the traditional nuts they are produced using the cold forging technology which enhances the physical properties of the nuts. Company is also xpected to launch new Brass and Copper Accessories like Brass Electronic connector, alvanized Conduit Fittings etc eG Mair and UM Group to set up partnership in India Indian industrial firm UM Group will set up a joint venture with Spanish automotive parts manufacturing company Mair in India. INR 328.4 mn will be invested in the production and supply of decorated plastic assemblies and parts. Potential clients of the joint venture include General Motors, Honda, Peugeot‐Citroen and Nissan. The company is expected to achieve sales worth more than INR 262.7 mn. UM Group manufactures a diverse range of products including car rear‐view mirrors, horns and instruments with printed circuit boards, equipment for electricity distribution etc. air operates through five production plants and manufactures front grilles, wheel overs, dashboard fascias, handles, trim and domestic appliances. Mc


Brass Anchor Fastners launches Metric Drop Anchors Jamnagar based Brass Anchor Fastners have launched a new range of metric threaded drop in anchors with better torque and higher pull‐out loads used for drywell fixing in Scandinavia and Europe. Other products of the company include Brass wood Anchors, concrete Anchors, Wedge Anchors nuts, Brass Fittings Screws, Brass Fasteners, Brass Components, Brass Machined Parts, Brass Screws, Brass Nuts. Company expects to

lcapture the Finland, Sweden and Germany markets following the aunch of the product. E/VC financing is expected to be finalized in the next eight months which will be tilized in setting up or acquire an extrusion plant by the company. Pu New Digital Textile Inking Print launched in India The Digital Textile Inking Print has been launched by Jay Chemicals Industries Limited in the Indian market. The product is named ‘Antelos’ and was launched in the Asia Interdye Exhibition in Ahmadabad. Company is one of the major producers of reactive dye in the world with a total turnover of INR 3539.7 bn from the sales of its products under two brands Jakofix and akazal. In 2010 company set up a wholly owned subsidiary ‘Solunaris GmbH’ in ermany. JG NMDC to acquire new properties NMDC has announced plans to acquire Australia based Ridley iron ore deposit of Atlas Mining and Wonarah phosphate reserve of Minemakers Ltd. The Ridley deposits have an iron ore deposit of 970 mn tonnes with a production capacity of 330 mn tonnes of ore for over 30 years. Company signed an agreement with MOU to acquire 50% stake in Wonarah phosphate having 1.26 bn deposits at 12% phosphate. State owned NMDC operates three mines located in Karnataka and Chhattisgarh with total production capacity of 30 mn tonnes. Australia based Legacy Iron Ore was cquired by the company at INR 920 mn last year. aa NTPC to focus on local mines to meet demand Uninterrupted supply of coal for its thermal units is a major requirement for NTPC to meet the 12th plan target of 66,000 mw of power supply by 2017. NTPC is focusing on local captive mines for meeting its demand instead of acquiring mining properties overseas. 140 mn tonnes of coal is supplied by Coal India and the remaining 20 mn tonnes are imported by the company. The total demand for coal by NTPC is expected to rise to 200 mn tonnes. Company is focusing on local mining as acquisition and ining of coal overseas is associated with uncertainties and imported coal is also ore expensive than domestic coal.

mm NMDC to mine gold in Tanzania Maharatna enterprise NMDC has obtained the lease of gold mines based in Tanzania. The estimated gold reserve of the mine is 4 mn tonnes and the company is expected to


start production in six months time. NMDC has invested around INR 2475 mn for tproject. ompany started diamond mining in 2010 – 2011 and had mined 10,865 carats of iamonds.

he

Cd News Update

Regulatory Indian Government raises export tax on iron ore The Government of India has raised export tax on both iron ore fines and lumps from 20% to 30%.The order of the tax hike was posted in the Central Board of Excise and Customs website. The tax rise is expected to have an adverse impact on the export

competitiveness of India. Export of iron ore is expected to decline from 97.64 mn tonsin FY 2011 to 50 mn tons in the current fiscal year. China is the major importer of iron ore from India. Export shipments from India have registered a 28% decline between April and November. This decline was primarily due to a ban on mining in Karnataka, transportation problems in Orissa and estriction on sale of old stocks in Goa. Karnataka and Goa account for around 70% of ron ore exports of India. ri ICFRE recommends up to 30 mn tonnes of iron ore extraction in Karnataka In its Environment Impact Assessment Study the Indian Council of Forestry Research and Education (ICFRE) has recommended per annum iron ore extraction up to the extraction of only 30 mn tonnes in Karnataka. In its previous report it had recommended 5 million tonnes of iron ore extraction in the Bellary mining region, Chittadurga and Tumkur. The report on Chittadurga and Tumkur mining region was submitted to the Supreme Court in Dec 2011. There was an upward revision of iron

oval ore extraction in Chittadurga 3.95 mn tonnes to 7.26 mn tonnes following an apprby the Indian Bureau of Mines. The study by ICFRE has established that unregulated excessive mining has led to environmental degradation. Excessive mining has had a negative impact on 2.2 sq ms of forest area in Chittadurga district and an area of 5.7 sq km beyond the esignated land was found to be mined in the Tumkur district. kd


News Update

Expansion Plans Adani Enterprises to venture in Coking coal trade Adani Enterprises, which accounts for more than half of the thermal coal imports in India, is set to enter the coking coal business with a view to meet the growing demand from steel industries. The first shipment of coking coal will be around 57000 tonnes and will be brought in Dhamra on the eastern coast from Canada. The company is expected to invest around INR 214.45 bn for developing the coal mines that were awarded to it under joint ventures with the state electricity boards. Australia based Linc Energy was acquired by the company for INR 160.83 bn. The company has been appointed as mining operator for five coal blocks through ompetitive tender and will build infrastructure for delivering coal to its government oint ventures. cj P&H Joy to set up new manufacturing unit in West Bengal PH & Joy the wholly owned subsidiary of Joy Global INC in US will invest INR 1.33bn to set up a mining equipment manufacturing unit near Durgapur in West Bengal. The first phase of the project is expected to be commissioned by 2013. However the investment plans for the second and third phase of the project is yet to be confirmed. The new unit will primarily cater to the eastern states of Jharkhand, Orissa and West Bengal. Mining activities in the eastern region is expected to rise with the setting up of JSW Steel project in Salboni and expansion of mining activities by SAIL. Major customers of the company include Coal India, Reliance Power, Singareni Collieries, Hindustan Zinc, Hindustan Copper and Tata Steel. P&H specializes in ining equipment and Joy Global Inc is a global leader in underground mining quipment. me ECEL to invest INR 50 bn to set up new plant Escorts Construction Equipment Limited plans to acquire land in Madhya Pradesh and Gujarat to set up a new manufacturing unit. The new plant will be used to produce cranes, backhoe loaders and excavators. The production unit will have an installed capacity of 50000 units. ujarat and Madhya Pradesh are emerging as attractive investment locations due to vailability of cheap labour and favourable tax structure. Ga PVC sheet producer Profine to set up a plant in India Germany based company Profine International is planning to set up a new plant in India. The extrusion plant for the new window system will be built by the Indian subsidiary Profine India Window Technology which was established in 2010. The company will manufacture new window system with outward opening and special sliding system.


Csompany is a global supplier of plastic windows, door systems, PVC sheets and hutter systems. The company has 28 operational units in 21 countries. Expansion of construction equipment facility in Bangalore Volvo Construction Equipment will invest INR 0.9 bn to expand the construction equipment facility in Bangalore. The new extension in Peenya will be utilized in the production of 21 tonne and 29 tonne excavators. Depending on the demand new range of products will also be produced over the next five years. Localisation is one of the primary strategies adopted by the company to reduce production. It also leads to domestic development and creation of employment opportunities. Mahindra Conveyor Systems sets up new unit in India A new unit of 100,000 sq km fabrication facility with all equipments has been set up by Mahindra Conveyor Systems in Ambadwet near Pune. It will cater to the growing emand for construction equipments. High quality conveying equipments will be upplied to the Cement Industry by the new facility. ds Steelcast expansion plans Gujarat based manufacturing company steelcast plans to invest INR 700 mn to enhance its production capacity to 36000 tons from the existing capacity of 17000 tons. The expansion is taking place following the 50:50 joint venture of the company with Michigan Steel called Steelcast LLC in June 2010. Over the next five years Steelcast LLC is expected to generate revenue worth INR 2bn. The joint venture is also expected to market its product in the USA, particularly to the US railways for transport of freight. Certification from the US railways is expected to ncrease the advantage of the company in bidding for contracts in the India railway arket.

im Essar to venture in Indonesia’s coal sector Essar group is planning to venture into the Indonesian coal mines with a view to meet its rising demand for coal. The company had purchased Aries coal mine spanning an area of 5000 hectares and having an output of 4 mn tonnes in 2010. The mine is soon

o t aexpected to start production. Tw other mines of he company in Kalimant n and Sumatra is awaiting forest clearance. he company is also the largest producer of cold rolled steel in Indonesia with a roduction capacity of 0.4 mn tonnes. Tp


Industry Expert Speak NTPC to focus on local coal mines – Arup Roy Choudhury, Chairman, NTPC “By 2017, I see one‐third of the coal coming from our own mines. It is always good to o own coal linkage. We (India) have fifth largest coal bearings in the world. We have 06 billion tonne of established reserves. We are not even mining one billion a year,” d1 PVC sheet and profiles producer Profine to enter the India market– Albrecht P. Lange, Chief Strategy Officer, Profine “We treat India as growth market which we are developing gradually together with ur customers. After establishing our own subsidiary (in India) in 2010, local xtrusion is the next step in this journey,” oe Transaction Detail (November 2011 – January 2012)

Date Buyer Target Deal Size % stake Deal Status Type of

Transaction

1 2th Jan2012

Vinci Construction

NAPC Ltd. N.A. 100% Completed Private Equity

9th Jan 2012

Innovative Industries

Salem Steel 247 85% Expected Private Equity

1 c 5th De2011

Saint Gobain Electrotherm

India 9500 N.A. Expected Private Equity

8 th Dec2011

Vedanta Resources

Cairn India 435734 58.5% Completed Private Equity

7 th Nov2011

Sesa Goa Goa Energy

Private Limited 537 100% Completed M&A


Annual Financial Results – Revenue (INR mn)

Company FY ‘07 FY ‘08 FY ‘09 FY ‘10

ABC Paper Ltd. 1,661.4 1,976.1 2,127.0 3,067.9

Abhishek Industries 10,486.7 13,980.6 18,033.6 25,374.6

Action Construction Equipment Ltd. 4,110.6 4,396.6 4,295.8 6,903.8

Aditya Birla Nuvo Ltd. 119,039.7 138,939.7 157,699.4 183,529.9

Alok Industries Ltd. 22,950.5 30,907.8 44,243.4 66,149.0

Alps Industries Ltd. 6,342.7 8,122.7 6,282.5 7,050.8


AMD Industries Ltd. 775.829 897.305 1,120.06 1,373.632

Andhra Pradesh Paper Mills Ltd. 5,842.8 6,300.7 6,492.9 7,827.8

APL Apollo Tubes Ltd. 2,766.1 5,266.6 6,185.1 9,054.5

Asahi India Glass Ltd. 9,982.3 12,383.1 12,932.3 15,577.3

Ashok Leyland Ltd. 77,425.8 59,810.7 72,447.1 111,177.1

Ballarpur Industries Ltd. 28,437.9 28,246.9 38,046.9 45,087.4

BEML Ltd. 25,401.4 27,971.9 28,382.5 26,303.8

Bhageria Dye Chem Ltd. 655.126 546.65 564.35 617.686

Blue Star Ltd. 22,215.9 25,026.2 25,249.7 29,760.9

Bodal Chemicals Ltd. 4,141.0 4,037.9 4,794.4 5,724.2

Borosil Glassworks Limited 716.155 669.877 878.9 1,191.0

Century Enka Ltd. 11,911.3 11,781.7 12,308.7 13,443.3


Chemplast Sanmar Limited 6,401.8 6,747.8 9,336.8 18,707.7

Chromatic India Ltd. 176.508 118.537 162.817 1,050.739

Coal India Ltd. 349,674.3 412,035.7 467,840.0 526,334.8

DCM Shriram Consolidated Limited (DSCL)

26,133.5 35,580.7 35,704.5 41,678.3

DCW Limited 7,479.0 9,134.0 10,268.0 10,576.5

Electrosteel Castings Ltd. 14,620.1 19,854.5 16,573.3 19,314.4

Empire Industries Ltd. 7,130.7 3,008.7 2,961.6 N.A.

Essel Propack Ltd. 12,911.0 N.A. 13,593.5 14,083.4


Fenoplast Limited 974.264 1,100.967 1,440.973 1,762.779

Filatex India Ltd. 3,454.9 3,590.7 3,997.6 4,864.2

Finolex Cables Limited (FCL) 13,837.7 13,415.1 16,187.2 20,357.5

Finolex Industries Limited 14,353.3 15,291.3 14,743.8 20,070.9

Garden Silks Mills Ltd. 16,833.5 17,795.3* 25,187.0 34,049.3

Grasim Industries Ltd. 170,774.2 184,316.9 200,870.8 214,626.4

Gujarat Borosil Ltd. 824.084 931.672 827.64 820.04

Haldyn Glass Gujarat Ltd. 670.623 1,038.488 1,313.248 1,557.016

Hanung Toys and Textiles Ltd. 5,062.2 6,520.6 8,519.3 11,390.6

Hindalco Industries Ltd. 600,128.3 659,629.5 607,079.2 720,778.7

Hindustan Adhesives Ltd. 425.607 487.409 528.095 629.819

Hindustan Copper Ltd. 15,713.5 11,960.7 13,210.7 11,848.7


Hindustan Tin Works Ltd. 1,881.4 2,478.2 2,881.5 2,966.2

Hindustan Zinc Ltd. 78,777.7 56,802.7 80,169.7 99,121.4

Hindusthan National Glass & Industries Ltd.

10,291.3 13,305.6 13,834.5 15,535.2

HSIL Ltd. 5,221.2 6,167.6 8,083.1 10,820.8

IAG Company Ltd. 9.772 126.85 794.129 N.A.

Indian Acrylics Ltd. 4,490.0 3,680.9 4,188.7 4,135.1

Indian Hume Pipe Co Ltd. 4,518.0 6,653.5 6,756.5 6,459.6

Indo Count Industries Ltd. 2,816.1 3,008.2 4,133.9 7,111.8


Indo Rama Synthetics India Ltd. 25,577.3 24,444.8 25,260.5 27,960.6

ITC Ltd. 30,035.3 28,821.3 31,082.7 36,553.7

J. K. Paper Ltd. 7,913.9 10,771.8 11,223.4 12,509.6

Jai Mata Glass Ltd. 461.946 458.53 466.418 481.44

Jain Irrigation Systems Ltd. 22,262.8 28,695.2 34,348.0 41,745.6

Jaysynth Dyestuff India Ltd. 769.264 803.548 867.205 942.587

JBF Industries Ltd. 27,915.9 43,099.1 49,409.1 64,655.7

JCT Ltd. 5,398.9 5,726.0 5,822.0 7,387.9

Jhaveri Flexo Ltd. 1,316.4 1,710.2 1,867.7 2,418.9

JIK Industries Ltd. 3.657 N.A.* 167.226 399.267

Jindal Saw Ltd 53,624.4 N.A.* 56,947.1 45,948.9

Kaira Can Company Ltd. 1,655.089 1,116.99 991.053 1,107.641


Kanpur Plastipack Ltd. 754.95 984.295 1,002.078 1,183.516

Kilburn Office Automation Ltd. 292.477 353.416 393.612 548.717

La Opala RG Ltd. 508.64 620.391 750.338 941.451

Lakshmi Precision Screws Ltd. 2,239.1 2,322.9 2,498.8 2,613.7

Maharashtra Seamless Ltd. 15,121.8 20,641.4 16,040.2 17,836.2

Malu Paper Mills Ltd. 591.937 1,516.384 1,221.675 1,688.303

Man Industries India Ltd 15,125.6 18,834.2 15,059.6 16,482.2

Manaksia Ltd. 11,473.7 13,848.4 13,011.7 14,332.8


Marvel Vinyls Limited 634.312 681.675 749.795 894.992

McNally Bharat Engineering Company Ltd.

5,542.6 11,142.1 18,103.0 22,520.6

Meghmani Organics 6,033.1 8,139.5 8,371.7 10,457.5

MOIL Ltd. 9,775.4 12,933.4 9,693.9 11,399.7

National Aluminium Co. Ltd. 51,329.9 52,112.2 51,745.1 60,554.9

Neyveli Lignite Corp. Ltd. 29,816.5 33,548.1 41,210.2 39,490.8

NMDC Ltd. 57,113.1 75,640.3 62,390.9 113,689.4

Oil and Natural Gas Corp. Ltd. 975,173.9 1,052,756.6 1,026,655.8 1,201,955.1

Orient Paper & Industries Ltd. 13,810.2 15,083.6 16,197.5 19,589.8

Orient Press Ltd. 1,426.43 1,021.23 1,371.953 1,525.332

Otis Elevator Company (India) Ltd. 7,647.5 7,267.4 7,469.7 8,991.9

P G Foils Ltd. 1,744.933 1,684.753 1,429.04 1,413.576


Pantaloons Retail (India) Ltd. 58,405.4 76,690.4 97,869.4 122,117.9

Pasupati Acrylon Ltd. 3,300.1 3,142.0 4,224.0 3,878.9

Pidilite Industries Ltd. 17,304.1 20,124.0 22,218.6 26,713.6

Piramal Glass 7,824.3 10,150.3 11,173.9 12,314.5

Poddar Pigments Ltd. 992.159 1,201.192 1,541.669 1,885.469

PSL Ltd 22,931.1 36,489.1 39,935.4 32,222.9

Pudumjee Pulp and Paper Mills Ltd. 2,243.8 2,205.4 2,192.0 2,257.4

Rainbow Paper Ltd. 1,704.3 2,327.1 2,680.9 3,803.8


Rama Newsprint & Papers Ltd. 3,557.7 3,422.2 3,096.4 3,182.9

Ratnamani Metals and Tubes Ltd. 8,470.3 9,566.3 8,532.9 8,138.8

Reliance Industries Limited 1,371,466.6 1,511,354.9 2,037,397.2 2,658,106.0

Responsive Industries Limited 4,143.1 6,501.8 8,393.0 11,786.6

Saint Gobain Sekurit India Ltd. N.A. 809.253 841.135 939.447

Sanco Industries Limited 309.211 398.95 362.989 N.A.

Seshasayee Paper and Boards Ltd. 4,573.8 5,291.1 5,092.6 5,680.7

Sezal Glass Ltd. 547.2 484.6 449.0 2,801.3

Shoppers Stop Ltd 11,650.9 13,506.0 15,169.1 23,232.6

Shri Lakshmi Cotsyn Ltd. 9,301.1 11,652.8 15,354.8 17,983.8

Sirpur Paper Mills Ltd. 2,430.8 3,462.1 3,391.5 3,670.8

Siyaram Silk Mills Ltd. 4,891.7 5,330.9 6,597.2 8,542.8


Star Paper Mills Ltd. 2,395.7 2,399.7 2,512.7 2,595.9

Sterling Tools Ltd. 1,549.2 1,511.4 1,797.6 2,481.3

Sterlite Industries (India) Ltd. 249,030.0 212,636.6 245,006.0 302,480.6

Sudarshan Chemicals 4,003.7 4,606.8 5,944.0 7,256.7

Sundaram Fasteners Ltd. 16,325.8 18,101.2 17,187.4 22,976.9

Supreme Industries Ltd 11,906.9 8,654.3 9,972.0 N.A.

Sutlej Textiles and Industries Ltd. 7,911.8 8,510.3 11,469.1 15,816.5

Swiss Glasscoats Equipment Limited 417.048 423.842 454.913 529.536


Tamil Nadu Newsprint and Papers Ltd. 9,463.6 10,737.2 10,517.8 12,067.2

Texmo Pipes and Products Limited 579.923 591.637 761.943 1,228.116

The Bombay Dyeing and Manufacturing Company Ltd.

9,660.0 13,172.8 16,427.8 18,864.7

TIL Ltd. 10,624.6 10,373.6 10,545.6 13,751.3

Triveni Glass 496.427 350.202 330.359 362.444

Uflex Ltd. 17,033.9 20,959.1 23,624.5 35,123.1

Vardhman Acrylics Ltd. 2,124.8 2,405.7 2,704.8 3,988.0

Vipul Dyechem Ltd. 203.337 236.068 265.418 330.994

Voltas Ltd. 32,029.3 43,259.0 47,574.7 51,768.3

Welspun Corp Ltd. 39,944.5 57,395.3 73,636.7 80,236.4

West Coat Paper Mills 5,840.9 6,235.7 6,288.6 10,720.9

Yash Papers Ltd. 432.531 840.486 817.702 1,010.217


Zenith Fibres Ltd. 334.671 352.248 339.754 393.789

Annual Financial Results – Income (INR mn)


ABC Paper Ltd. 122.8 137.6 (125.2) 183.2

Abhishek Industries 388.1 (533.2) 564.6 670.8

Action Construction Equipment Ltd. 341.0 198.9 235.6 411.3

Aditya Birla Nuvo Ltd. 1,507.8 (4,357.3) 1,545.6 8,221.0

Alok Industries Ltd. 1,896.5 740.5 1,377.1 3,115.4


Alps Industries Ltd. 115.0 (2,011.1) (1,223.5) (965.8)

AMD Industries Ltd. (20.657) 0.181 31.583 38.816

Andhra Pradesh Paper Mills Ltd. 165.4 189.5 541.9 449.4

APL Apollo Tubes Ltd. 160.6 25.4 297.7 430.9

Asahi India Glass Ltd. 84.4 (426.2) 19.9 167.8

Ashok Leyland Ltd. 4,693.1 1,900.0 4,236.7 6,313.0

Ballarpur Industries Ltd. 2,999.2 1,682.9 1,969.9 2,127.0

BEML Ltd. 2,270.0 2,701.1 2,244.9 1,478.0

Bhageria Dye Chem Ltd. 9.569 (12.355) 11.474 9.03

Blue Star Ltd. 1,740.9 1,802.9 2,114.9 1,609.7

Bodal Chemicals Ltd. 154.5 (111.0) 140.4 167.0

Borosil Glassworks Limited 5.359 (94.084) (247.9) 6,478.0


Century Enka Ltd. 134.1 166.2 1,001.6 793.6

Chemplast Sanmar Limited 71.8 (666.1) (1,281.6) (421.9)

Chromatic India Ltd. 2.745 (6.7) 1.594 9.114

Coal India Ltd. 51,385.1 19,675.0 96,224.5 108,673.5

DCM Shriram Consolidated Limited (DSCL)

6,727.1 1,226.1 842.5 (142.7)

DCW Limited 357.9 142.5 676.3 289.1

Electrosteel Castings Ltd. 553.4 1,353.2 2,342.5 1,795.8

Empire Industries Ltd. (69.7) (685.1) (798.9) N.A.


Essel Propack Ltd. (883.1) N.A. 650.2 472.7

Fenoplast Limited 27.264 13.198 21.975 24.903

Filatex India Ltd. 105.2 65.8 171.9 190.1

Finolex Cables Limited (FCL) 889.2 (354.9) 576.3 867.8

Finolex Industries Limited 711.9 (378.9) 1,323.2 761.7

Garden Silks Mills Ltd. 400.0 563.4* 632.0 878.7

Grasim Industries Ltd. 28,914.4 21,866.6 30,955.3 22,790.1

Gujarat Borosil Ltd. 55.956 68.139 (9.68) (189.152)

Haldyn Glass Gujarat Ltd. 80.657 68.418 110.093 158.517

Hanung Toys and Textiles Ltd. 607.4 644.5 897.8 1,195.7

Hindalco Industries Ltd. 21,933.2 4,838.9 39,254.7 24,563.7

Hindustan Adhesives Ltd. 25.925 23.965 22.383 17.72


Hindustan Copper Ltd. 2,464.6 (103.1) 1,546.8 2,241.0

Hindustan Tin Works Ltd. 35.1 66.9 114.6 112.8

Hindustan Zinc Ltd. 43,960.7 27,276.1 40,414.1 49,004.9

Hindusthan National Glass & Industries Ltd.

1,603.9 1,063.7 1,541.7 587.8

HSIL Ltd. 268.0 317.3 436.5 781.5

IAG Company Ltd. (59.815) 83.638 11.153 N.A.

Indian Acrylics Ltd. (73.3) (413.0) 320.8 3.6

Indian Hume Pipe Co Ltd. 150.2 253.1 285.7 279.7


Indo Count Industries Ltd. (187.5) (538.9) (166.7) 105.6

Indo Rama Synthetics India Ltd. 30.2 (978.3) 71.3 1,394.1

ITC Ltd. 5,308.7 6,075.1 6,498.0 8,136.7

J. K. Paper Ltd. 469.0 380.1 919.8 1,065.1

Jai Mata Glass Ltd. (72.615) (1.286) 28.334 15.161

Jain Irrigation Systems Ltd. 1,324.0 1,294.4 2,475.9 2,807.1

Jaysynth Dyestuff India Ltd. 46.65 71.258 59.044 44.674

JBF Industries Ltd. 1,337.7 1,873.8 1,864.0 5,460.0

JCT Ltd. 38.1 (613.7) (608.8) 560.5

Jhaveri Flexo Ltd. 142.8 10.0 10.5 (6.2)

JIK Industries Ltd. 136.991 N.A.* (8.917) 42.475

Jindal Saw Ltd 3,196.9 N.A.* 5,495.3 4,421.8


Kaira Can Company Ltd. 8.458 1.106 10.623 13.74

Kanpur Plastipack Ltd. 18.335 18.621 27.108 30.335

Kilburn Office Automation Ltd. 10.696 14.567 12.082 5.613

La Opala RG Ltd. 10.003 8.14 27.673 93.237

Lakshmi Precision Screws Ltd. 89.4 93.5 42.8 69.1

Maharashtra Seamless Ltd. 1,952.2 2,578.4 2,845.9 3,416.6

Malu Paper Mills Ltd. 25.329 (53.357) (77.294) (29.809)

Man Industries India Ltd 721.4 209.0 452.9 836.0


Manaksia Ltd. 1,282.0 1,063.1 1,315.3 1,127.3

Marvel Vinyls Limited 1.501 3.728 9.036 10.31

McNally Bharat Engineering Company Ltd. 224.6 435.5 495.1 633.7

Meghmani Organics 307.5 371.2 516.8 380.1

MOIL Ltd. 4,615.6 6,902.9 4,663.5 5,880.6

National Aluminium Co. Ltd. 16,315.2 12,722.7 8,142.2 10,693.0

Neyveli Lignite Corp. Ltd. 11,015.7 8,210.9 12,474.6 12,982.8

NMDC Ltd. 32,509.8 43,723.8 34,472.6 64,992.2

Oil and Natural Gas Corp. Ltd. 198,722.6 197,953.4 194,035.3 224,559.3

Orient Paper & Industries Ltd. 1,907.5 2,024.1 1,575.8 1,431.0

Orient Press Ltd. 280.464 43.719 107.538 111.446

Otis Elevator Company (India) Ltd. 1,255.4 1,138.8 819.5 1,079.0


P G Foils Ltd. 79.93 (14.458) 28.619 93.777

Pantaloons Retail (India) Ltd. 219.3 100.7 674.9 1,212.1

Pasupati Acrylon Ltd. (42.1) (501.6) 165.7 4.7

Pidilite Industries Ltd. 1,729.2 1,118.8 2,769.6 3,100.5

Piramal Glass (213.4) (1,025.2) 44.3 930.2

Poddar Pigments Ltd. 37.98 39.7 141.915 95.542

PSL Ltd 820.5 964.6 1,197.6 697.6

Pudumjee Pulp and Paper Mills Ltd. 52.7 36.3 110.0 (84.4)


Rainbow Paper Ltd. 126.3 234.8 236.3 371.0

Rama Newsprint & Papers Ltd. 10.7 (272.7) (566.5) (1,402.9)

Ratnamani Metals and Tubes Ltd. 900.3 712.0 814.3 831.7

Reliance Industries Limited 195,678.3 149,713.0 245,033.7 192,940.1

Responsive Industries Limited 396.6 462.9 625.7 910.0

Saint Gobain Sekurit India Ltd. N.A. 6.47 50.378 100.056

Sanco Industries Limited 13.401 15.028 17.358 N.A.

Seshasayee Paper and Boards Ltd. 457.9 150.3 399.3 650.0

Sezal Glass Ltd. 46.5 21.2 21.9 (644.0)

Shoppers Stop Ltd 26.5 (636.5) 358.8 432.0

Shri Lakshmi Cotsyn Ltd. 577.1 629.6 916.5 1,041.1

Sirpur Paper Mills Ltd. 326.2 (16.3) (118.5) (179.1)


Siyaram Silk Mills Ltd. 93.1 114.4 337.2 576.4

Star Paper Mills Ltd. 61.4 137.4 83.4 (101.5)

Sterling Tools Ltd. 76.1 16.0 115.9 158.5

Sterlite Industries (India) Ltd. 42,600.0 35,399.9 37,437.4 50,425.2

Sudarshan Chemicals 47.5 119.7 411.5 482.2

Sundaram Fasteners Ltd. 700.7 359.3 471.5 1,154.8

Supreme Industries Ltd (145.4) (406.6) (520.5) N.A.

Sutlej Textiles and Industries Ltd. 30.3 (301.5) 263.1 1,143.4


Swiss Glasscoats Equipment Limited 24.723 17.594 24.013 27.07

Tamil Nadu Newsprint and Papers Ltd. 1,128.3 1,073.9 1,260.6 1,490.0

Texmo Pipes and Products Limited 42.638 58.542 40.021 67.943

The Bombay Dyeing and Manufacturing Company Ltd.

166.8 (1,946.2) 184.2 213.9

TIL Ltd. 431.0 447.2 595.3 601.9

Triveni Glass (276.358) (209.808) 66.061 (165.096)

Uflex Ltd. 1,098.4 1,864.9 1,901.8 6,979.8

Vardhman Acrylics Ltd. 54.4 42.3 434.4 376.4

Vipul Dyechem Ltd. 3.788 5.251 5.601 9.637

Voltas Ltd. 2,076.8 2,514.0 3,809.9 3,572.4

Welspun Corp Ltd. 3,407.8 2,135.1 6,104.0 6,330.3

West Coat Paper Mills 819.0 905.4 547.0 900.8


Yash Papers Ltd. (35.352) (21.51) 0.794 30.51

Zenith Fibres Ltd. 17.543 26.975 28.637 24.781

*change in financial year

Events Calendar

‘Doing Projects Right in Manufacturing Using Real Time Synchronization’ Date: 2nd – 3rd February 2012 Venue: CII ‐ Naoroji Godrej Centre of

j Station‐side ar, Vikhroli (East)

Excellence, GodreColony PirojshanagMumbai‐400070 Maharashtra, India Website: http://www.cii.in ontact No: +91‐22‐2574 4246ontact ID: CC

[email protected]

Training Program on GreenCo Rating for Companies – Hyderabad Date: 1st – 2nd February 2012 Venue: CII‐Godrej GBC, Seminar Hall, Hyderabad, Andhra Pradesh, India

Indian Industry Organizer: Confederation of(CII) Website: http://www.cii.in Contact ID: [email protected] Contact No: 91‐40‐44185174

MANUFACTURING INNOVATION MISSION Date: 9th – 12th February 2012 Venue: Gurgaon & Noida, Gurgaon, Haryana, India

Indian Industry Organizer: Confederation of(CII) Website: http://www.cii.in Contact ID: [email protected] Contact No: +91‐124‐4014060‐67

Training Program on Manufacturing Excellence Date: 10th February 2012 Venue: Hotel Rudra Continental, Rudra

Agency, Chowk, Opposite Indane GasRudrapur, Uttarakhand, India Website: http://www.cii.in Contact ID: [email protected] Contact No: 91‐172‐5080784


Research on India (ROI) is a leading source for market research on various sectors in ndia that offers premium research content from worldwide publishers of market

orts. Iresearch rep Contact us:

mW: https://www.researchonindia.co ; International: +91 (33) 4027 6214/5 T

E: India (Toll Free): 1800 102 1133: [email protected] Connect with Us

Disclaimer: This monthly update is published for general information only based on press articles and company releases. Research on India has not independently verified any of information and is not responsible for any loss or damage arising from use of this document.


http://www.facebook.com/researchonindia

https://twitter.com/ResearchOnIndia

http://www.linkedin.com/groups?gid=3280715&trk=hb_side_g

Research on India_Manufacturing and Construction Sector in India Monthly Update_January 2012

Documents

Transcript of Research on India_Manufacturing and Construction Sector in India Monthly Update_January 2012