Our main target is to cross the 100,000 mt mark
Real Estate

Our main target is to cross the 100,000 mt mark

- Alakesh Roy, Managing Director, Zamil Steel IndiaSteel production capacities in India are known to have gone up in the last couple of years. However, the country is still lacking major infrastructure in many areas. According to Alakesh Roy, Managing Directo...

- Alakesh Roy, Managing Director, Zamil Steel IndiaSteel production capacities in India are known to have gone up in the last couple of years. However, the country is still lacking major infrastructure in many areas. According to Alakesh Roy, Managing Director, Zamil Steel, “We have not moved the growth story to villages and the tertiary cities. This is where the growth will come from and a major driver will be infrastructure.” He shares more on the steel industry and the company’s plans...Which segments are driving demand for your products?Our products cater to the market where capacity expansion is required, in whatever form. Now, capacity expansion also comes from consumption growth, because we are not an export-driven economy and steel is a protected industry by the government. If domestic consumption grows, the steel industry will also grow. We are, however, upbeat about the growth potential for the PEB sector because there are newer sectors that are opening up for PEB. Food and waste processing will also be major players.  Introduce us to the company’s new launches.On the product front, we have designed and delivered new louvers, new systems of skylight – whereby the daytime electricity consumption is almost zero, and we have installed solar power in our own plant. Further, we are augmenting that all buildings supplied by us are solar capable, which means that we can put solar energy on to the rooftop solution. With respect to high-rise structures, we have introduced the concept of vertical manufacturing, for which we are pioneers. There is a rapid change in the environment and its conditions, and hence, we have involved global engineering styles to develop products to suit these new equirements.How can good quality steel withstand occurrences such as the recently reported bridge and building collapses and infrastructure accidents? You will not find any accident where a steel bridge or building has collapsed, other than the steel over-bridge in Kolkata that did. This is because steel is much malleable and ductile, and it can withstand the passage of time with proper maintenance. Today, if you look at all the flyovers being built across cities, steel is not the preferred choice; brick and mortar, concrete and precast is usually used. While they are good, technically and technologically, they are subject to wear-and-tear. Steel might sag, but it will not crack. This is a segment where we should push the utilisation of steel in building bridges. Today, most steel players undertake constant R&D, which has led to immense technological growth for the sector. Generally, all R&D is limited to looking within, but we have instructed our supply chain team to survey and collect data from vendors globally and, in turn, suggest alternatives of steel, its current rates and material specifications. This helps us provide better optimised solutions.         What is the company’s current market share? What are your growth prospects for this fiscal?While we were not even among the top five three years back, this year, we are at No. 2. Our market share today is around 15 per cent. Further, we have increased capacities in our existing facilities. This year, we are growing at 60 per cent, and our target for next year is set for 20-25 per cent further growth YoY. Our main target is to cross the 100,000 mt mark.(Communication by the management of the company)

Next Story
Infrastructure Energy

Greaves Electric Mobility Files for IPO

Electric-vehicle manufacturer Greaves Electric Mobility has announced plans to raise Rs 10 billion through an initial public offering (IPO), as stated in its draft papers filed. The company, recognised for its 'Ampere' brand of electric scooters, also produces three-wheelers under a separate brand. Greaves Electric’s major shareholders, Greaves Cotton—a publicly listed entity—and investment firm Abdul Latif Jameel Green Mobility Solutions, will collectively sell approximately 189.4 million shares through the IPO. This move positions Greaves Electric alongside larger competitor Ather En..

Next Story
Infrastructure Energy

IREDA Approves Rs 30 Billion for Odisha's Renewable Energy Projects

Indian Renewable Energy Development Agency (IREDA) has approved funding exceeding Rs 30 billion for renewable energy projects in Odisha as the state strives to achieve its goal of 10 GW capacity by 2030. Pradip Kumar Das, Chairman and Managing Director of IREDA, shared this update during the Odisha Solar Investor Conclave organised by GRIDCO. He emphasised that accessible financing is crucial to fostering the adoption of renewable energy. Das outlined IREDA's significant contributions to funding renewable energy projects in Odisha, spanning sectors such as solar, hydro, ethanol, and renewable..

Next Story
Infrastructure Energy

Oil Prices Rise Amid Light Pre-Christmas Trading

Oil prices edged higher during light trading ahead of the Christmas Day holiday. The increase was attributed to positive US economic data and growing oil demand in India, the third-largest importer of oil globally. Brent crude futures rose by 33 cents, or 0.45 per cent, to reach $72.95 per barrel, while US West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42 per cent, settling at $69.53 per barrel as of 0114 GMT. Economic indicators in the United States highlighted a surge in new orders for key manufactured capital goods in November, driven by robust demand for machinery. Add..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000