Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Saturday, September 01, 2012

SUSTAINABILITY IS OUR KEY TO SUCCESS

Rana Som, CMD, NMDC, talks to deepak ranjan patra about what makes NMDC the most successful mining company in the country and what are its future plans...

NMDC has been amongst India’s top 15 most profitable companies for quite sometime now. What is the recipe for your success?
Sustainability is the key word for us. NMDC started as an one–product, one–customer company but has successfully diversified into multi–product, multi–customer company. We ensure that the price of our major product namely, iron ore, is not overpriced. This pricing mechanism helps us in increasing our customer base and thus the bottom-line of the company.

You had proposed a 3-million tonne Greenfield steel plant in Chhattisgarh. How has been the progress? How valuable is it for NMDC, considering the fact that two of your critical mines, Bacheli and Bailadila are close to the proposed site?
The proposed 3 MTPA integrated steel plant in Chhattisgarh is in an advanced stage. The company has already completed the process of land acquisition. The work has been divided into various packages and the awarding of various packages would start by October this year. After that it will take around 40 months for products to start rolling out.

Do you have any other plan as part of your forward integration strategy?
We also plan to have a steel plant in Karnataka, but it will be a JV with another organisation. In addition, we are trying to put up a slime-based pellet plant (a new iron making process utilising low grade fines is in the offing with Japanese collaboration) at Donimalai in Karnataka.

NMDC was looking for foreign partners for the Karnataka plant. Any development on that front?
Regarding foreign partners for the proposed plant in Karnataka, we are in the process of negotiations and things are developing at an appreciable pace.

Any other global plans...
Yes, we are actively pursuing acquisition of properties either on a standalone basis or in JV for securitising power (Coal, both metallurgical and thermal), iron ore and manganese in regions like South America, Africa, Australia, Russia et al.


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Tuesday, August 21, 2012

Indian cui‘sin’e

Prosecution is a must for control

India has a very strong law on food safety that sets down food standards and dispenses heavy penalties on infringers. The Food Safety and Standards Act of 2006 includes specifications for ingredients, contaminants, pesticide residue, biological hazards, labels and others. In short, it takes all possible measures that are required to ensure safety of food in the market. Yet, it is common knowledge that people die consistently in India due to drinking adulterated milk, go blind or get paralyzed due to drinking adulterated alcohol and children are regularly taken ill with food poisoning after consuming mid-day meals at school, supplied by the government! Even temples are not safe (they are, after all, managed by humans), as devotees are taken ill or poisoned due to some adulterant.

Despite the fact that we have stringent laws to deal with it – hardly anybody is ever punished or prosecuted! The biggest culprits of these malpractices are food contractors and suppliers, to whom government agencies place their orders.


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Friday, October 24, 2008

What makes Bhiwani so different from other districts of India, indeed other districts of Haryana for that matter?

As Vijender’s semi-final match ends in a narrow defeat, Jagdish Singh, solemn but satisfied, emerges from his prayer room. Almost a legend in Bhiwani, the man, fed up with overcrowding and hidebound rules inVijender SAI hostel, mortgaged his house and other property, took loans from well wishers and friends and started this club in 2002, where he dispenses free coaching. As the medals and accolades rolled in, his colleagues and superiors at SAI, did the most predictable thing, they initiated a departmental inquiry against him on the charges that he takes money for his coaching. Still fighting the enquiry, Coach Jagdish Singh, gets a reprieve when the news comes in that he has conferred the Dronacharya award. The reprieve is that in more ways than one, as the award carries a cash prize of 25 Lakhs. “I will use this money to pay back my loans, the rest I will invest in this club and maybe get my motorcycle repaired,” he says as an afterthought. Famous for not taking any breaks, the club is open seven days a week. Singh gets right down to business as the evening rolls in and with it come some 100 kids with stars in their eyes and dreams in their hearts. “I say, give us money and hold us accountable if we fail to produce more medals in 2012,” he says, with the supreme confidence of a man who’s been vindicated. I could be wrong, but maybe he’s the difference between Bhiwani and the rest of India.....Continue

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).



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Thursday, August 30, 2007

So is Wal-Mart truly cleaning up?

Doubts persist as on one hand, it talks of reducing CO2 emissions by 2.5 MMT by 2013, on the other, its planned additions of 680 stores by 2008-end alone would add 1 MMT of CO2! Considering how Wal-Mart is consistently lambasted for issues related to employee & community welfare, the company can’t afford any complacency on the green front. There are other marauders, but the biggest will always be the easiest to target!

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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Tuesday, August 14, 2007

Even China couldn’t resist this!

The state investment agency of China has announced plansThe state investment agency of China to invest $3 billion in US private equity firm Blackstone in a landmark deal for the industry and the government. The agency, which was only established in March, will acquire the stake at 95.5% of the price to be set in Blackstone’s flotation, which is planned for later this year. Th e purchase of a stake, which will be just under 10%, values the whole of Blackstone at $30 billion. The Chinese government typically invests most of the reserves in more secure though lower-yielding US Treasury bonds.
For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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Thursday, July 12, 2007

Organic is the way to go forward

As an international bank of repute; Standard Chartered has set unprecedented benchmarks in the banking arena, be it investments in the community development programme, investment of $500 million for microfinance, $800 million investment for renewable energy, et al. It’s the recognition of these efforts that has earned it ‘The Banker-Bank of the Year 2006- Global CSR’ award. As Mervyn Davies, Chairman, Standard Chartered, points “We want to be known as a responsible business and are determined to lead by example in the markets in which we operate. We realise that we must find ways to sustain economic growth without damaging the environment and society.” Small wonder that Standard Chartered in India have combined their global capability, deep local knowledge and creativity to outperform their competitors.

Their core strategy is organic growth, but then acquisitions do play an important role in Standard Chartered’s action plan. Their recent acquisitions in Pakistan and Taiwan have provided them new platform for growth. Their expectation of double-digit income momentum across all geographies is bound to see the light of the day with these acquisitions.


For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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