VOLUME III | ISSUE III | JULY 2012
Rs. 125
WIRE BULLETIN India’s Quarterly Bulletin Dedicated to the Wire and Cable Industry
SAIL earmarks capex of Rs 14,500 crore
ASK THE EXPERT
Q: Why does the slip on my
intermediate drawing machine increase backward instead of being constant? Can I calculate the diameter of the capstans in case there is no slip? Can I increase the capstan diameters according to the slip percentage?
See answer on p. 17
NEWS BITES • OPG Power Ventures will expand its presence in India with an investment of Rs 3,000 crore.
• IEEMA will put in place a smart grid cell in association with the Ministry of Power.
• EUTEX International Singapore office now offers type P cable.
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QUOTABLE QUOTES
FDI will continue to be encouraged, particularly in the areas of infrastructure, high technology and exports.” ~ P. Chidambaram, Former Finance Minister, India
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America cannot ignore the fact that the centre of gravity is moving eastwards to Asia.” ~ Frank Wisner, Former US Ambassador to India
IN THIS ISSUE: Editorial.............................. 2 Calendar & Event Review.... 3 Industry News..................... 4 Business Innovation............ 6 Corporate Focus ................. 8 Featured Concepts............ 10 Global News ..................... 12 Products, Media, & Technology.................... 13 Production Tips................. 16 Ask the Expert .................. 17 Technical Article ............... 18 Economic News ................ 21 People on the Move.......... 22 Ad Showcase .................... 24
Steel Authority of India (SAIL) has earmarked a capital expenditure of Rs 14,500 crore in 2012-13 as the final phase of its five year, Rs 72,000 crore modernisation and brownfield expansion plan. “Some of the major facilities that are planned for completion in 2012-13 include a new cold rolling mill at Bokaro steel plant, raw material handling system, coke oven battery, sinter plant blast furnace and a wire rod mill at the IISCO steel plant, sinter plant at Bokaro steel plant, coke oven battery, blast furnace at Rourkela steel plant, round-cum-bloom caster and medium structural mill at Durgapur steel plant,” C.S. Verma, chairman of SAIL told the Financial Chronicle. The culmination of the investment will help improve the state-owned company’s ability to compete with its private sector counterparts. The capital expenditure will go toward payments for various capital
C.S. Verma
projects being undertaken at its Bhilai, Durgapur, Rourkela, Bokaro and IISCO steel plants. After the modernisation and brownfield expansion, SAIL’s hot metal capacity will increase from 14.6 to 23.4 million tonnes per annum. The company has been funding its Rs 72,000 crore modernisation and expansion plan through internal accruals and debt.|WB
KEC secures new orders
KEC International (KEC) has secured new orders worth Rs 14.16 billion spread across its various businesses, geographies, and customers. In the transmission business, the company has secured orders from India, Bangladesh, Democratic Republic (DR) of the Congo and the Americas. In India the order is for design, supply, and construction of 765 kV double circuit transmission line on a turnkey basis between Wardha-Aurangabad (Maharashtra). Secured from Power Grid Corporation of India (PGCIL), the total order value is Rs 3.20 billion. The project will span 32 months with a total line length of 178 kms.
India awaits Wire & Cable India 2012
Wire & Cable India 2010 drew 5,600 visitors.
Even as the inquiries generated in March at wire 2012 are still being converted into business transactions, the countdown begins for Wire & Cable India 2012—the country’s biggest wire industry event—to be held at the Bombay Convention and Exhibition Center, Mumbai, 30 October to 1 November, 2012. The show
drew the attention of 5,600 visitors and 286 exhibitors in 2010 and the expectation to increase participation is riding high. Once again there will be country-specific pavillions and the buzz is that Austria, China, France, Germany, the US, and the UK will be among the major participants. On show will be wire manufacturing and finishing machinery; spring making and fasteners; process technology tools; and auxiliary process technology materials. Materials; special wires and cables; measuring and control equipment; test engineering tools; and specialty equipment and services will also be on display. See page 23. To book an exhibit space or to register contact: Messe Düesseldorf India, 1, Commercial Complex, 2nd Floor, Pocket H & J, Sarita Vihar, New Delhi, Tel.: +9111-26971056/26971745, Fax: +91-1126971746.|WB
Assomac bags order from UAE
Assomac Machines Ltd., engaged in the manufacturing of wiredrawing, galvanizing plants, cable machinery and other allied machinery, has announced a recent order worth USD 1 million from a leading UAE company. A subsidiary company of the Assomac Group based in New Delhi (NCR), Assomac Machines commenced the production of quality wiredrawing machinery in 1989. Since then it has been seeking to revolutionise the wire industry by offering its customers sophisticated state-of-the-art technology. The company claims to have the largest customer base in India. “We manufacture world-class equipment at the most competitive prices,” a company note said. Lately the company has received orders from reputed international companies from across Europe and the US. Some of the company’s latest technological innovations were exhibited at wire 2012.
“The strong presence of visitors from India and other countries has confirmed the fact that there is an upward trend of interest, especially by the European companies, to establish their presence in India in sectors like infrastructure, automotive, etc., and to source the machinery from India itself. “The company has recorded good sales in the immediate past financial year and hopes to do better in the current financial year. Assomac Machines has been in a constantly expanding mode since the last decade and this has led to the development of various new product lines and technologies in the wire industry in ferrous and non-ferrous metals and alloys,” the statement said. For further details about the company’s products visit the website www.assomacmachines.com.|WB
In Bangladesh the order is for design, supply, and construction of 230 kV double circuit transmission line between Barisal, Bhola, and Borhanuddin. The total order value is Rs 2.43 billion and the project duration is 24 months with total line length of 61 kms. This is the company’s biggest order from this country. The order for the DR Congo is for the supply and installation of optical power ground wire (OPGW) on the existing 220 kV and 500 kV transmission lines. In its cable business, the the company has secured various orders for supply of power and telecom cables, the total value of which is Rs 1.45 billion. “Our total order inflow for the year FY 2012 is over Rs 65 billion. The good thing is that the orders have been spread across various businesses, geographies and customers. We have a robust order book which gives us good visibility for FY 2013,” said Ramesh Chandak, MD & CEO, KEC.|WB
A D V E R T I S M E N T
See page 7.
MACHINES THAT GROW YOUR BUSINESS.
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