Saturday, September 12, 2009

It's all about ImaGINEERING !

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established 40 years ago, BHEL is the undisputed King Kong of India's heavy engineering with an order book of more than 1,50,000 crores !Despite government administration, BHEL has managed stellar financial performance always.
70% of power generation capacity in India uses BHEL equipments. It supplies:
power generation sets, industrial boilers,heat exchangers, transformers, capacitors, switchgear, gas insulated substations (GIS), turnkey execution of substations, electrical locomotives, diesel locomotives, EMV coaches, valves, seamless pipelines, instrumentation systems, traction systems (and what not).

BHEL facilities:
Heavy electrical plant - Bhopal
Heavy electrical equipment plant - Haridwar & Hydrabad
Boiler plant - Tirchy
Boiler auxiliary plant - Ranipet
Electronics - Banglore

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This conglomerate literally is building India (and even the middle east).
- of the 50,000 crores topline;
80% revenues come from Engineering (including Heavy Engg division) & construction
10% revenues from Electronics & electricals (switchgear, circuit breakers etc)
5% revenues from L&T Infotech
5% revenies from Others (L&T Capital etc)





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Siemens - 18,000 crores
Siemens limited is a 55% subsidiary of Siemens AG, Germany. The company is a
leading provider of industry and infrastructure solutions. It operates in the core
business areas of Industry, Energy and Healthcare.

It's a strong player providing equipment,technologies and solutions in power generation, transmission and distribution,and safety and security solutions for various infrastructure projects.
It offers solutions in railway signalingand safety systems, traffic control and automation, electrification, tractionequipment for locomotives and multiple unit system and mass transit vehicles.

ABB - 15,000 crores
ABB is a global provider of power transmission & distribution (T&D) products and automation technologies to utility & industry customers. ABB Switzerland holds 52.11% stake in the company. They have 14 manufacturing facilities and over 6500 employees.
Besides power transmission and distribution, automation products and process automation
are the larger areas of operations. It mainly caters to the industries like oil and gas, metals and minerals, power etc.
Power T&D and automation contribute 60% and 40% respectively to revenues of ABB.


Bosch - 14,000 cr

headquartered in Bangalore it is India's largest auto component manufacturer. The Business divisions of the company is classified as Diesel systems, Gasoline systems, Starters and Generators, Electrical Drives, Automotive Accessories, Test Equipment, Auto Electricals, Car multimedia, Power Tools, Packaging Machines, Special Purpose machines and Security Systems.

Cummins India - 8,000 cr

Cummins India Limited is engaged in the manufacture of internal combus-tion engines and parts thereof used for various applications, such as power generation, construction, compressor, mining, marine, locomotive and fire-fighting



Dynamatic Technologies Limited (DTL) is the largest producer of Hydraulic Gear Pumps in Asia


Agricultural Equipment Petrol / Kerosene Engines:1 to 5HP, Pumpsets and PowerTillers
Automotive Light Diesel Engines: 4.4 to 20 HP
Auxiliary Power Large Diesel Generating Sets
Construction Equipment Concrete Mixer, Concrete Pump, Batching Plant, Vibratory Compactor, Wheel Loader, Motor Grader.
Industrial Engines Diesel Engines: 1.4 to 1000 HP range


Engineering and Project Management and Manufacturing infrastructure to undertake Projects and supply of machinery and equipments in the fields of Nuclear Power , Aerospace, Defense, Steam Generation plants, Independent Power Projects, Turnkey Cement Plants, EPC Projects for Mineral Processing Bulk Material Handling for Heavy processes, Industrial, Planetory and Marine Gearboxes, Turnkey Sugar Projects.
Walchandnagar : Heavy Engineering Industrial Machinery
Satara Road : Foundry
Dharwar : Precision Instruments


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Thermax - 7,000 cr

Heating equipment - using a variety of fuels, including biomass
Absorption chillers - fired by waste heat or steam
Power and captive cogeneration plants
Waste heat recovery units
Waste water management systems – pre-treatment, waste water treatment and chemical conditioning of water, sewage effluent treatment and recycling
Air pollution control systems


Engineers India - 5,000 cr

engineering and related technical services for petroleum refineries and other industrial projects -
Petroleum Refining, Petrochemicals, Pipelines, Offshore Oil & Gas, Onshore Oil & Gas
Terminals & Storages, Mining & Metallurgy

Bharat Forge - 6,000 cr

4,500 cr


Voltas Ltd was promoted as a JV between Tata Sons Pvt Ltd and Volkart
Brothers in 1954 to take over the Engineering & Import Division of M/s.
Volkart Brothers.
Electromechanical segment - Rs 2,500 cr
Engineering services - Rs 550 cr
Cooling business - Rs 900 cr



Flat Product Equipments (India) Limited was incorporated in 1986. The Company, over the last 22 years, has acquired a global leadership position in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes and Auxiliary Equipments for the Cold Rolling Industry and the Metal Processing Industry.
The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008. Flat Products has now been renamed CMI FPE Limited.



AIA Engineering - 3,000 cr
Kirloskar Oil Engines - 2,800 cr


AIA Engineering, specialises in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries.

AIA Engineering and Vega Industries (100% sub) have become one of the most successful companies in supplying and installing wear components because they really understand how grinding and crushing operations need to work.






Kirloskar Brothers Ltd is India’s largest manufacturer and exporter of pumps and also the largest infrastructure pumping project contractor in Asia.


bought by Deepak Khaitan in 1977-78 from US based Mcnally.

designs, manu open cast mining - excavators, conveyers, stockyard handling equipment, rapid loading systems for wagons, coal washeries for coking coal, coal handling plants, feeders, ash & powder handling EPC, slurry disposal systems, grinding mills, bauxite crushing mills, alumina handling systems, coke over plants EPC, rotary kilns, supply of cranes, water distribution mgmt etc.



ELECON ENGINEERING
is the largest manufacturer of Industrial Gears in Asia and commands the largest market share in India.
Material handling equipment manufacture plant is located at Vallabh, Vidyanagar, Gujarat.




The core of Alfa Laval´s operations is based on three key technologies:
heat transfer, separation and fluid handling.
All three have great significance for industrial companies and Alfa Laval holds leading global market positions within its fields of technical expertise.
1050 employees in India. parent company employs 1,900 in Sweden, 1,200 in Denmark.





GEI INDUSTRIAL SYSTEMS Ltd. is today known as a specialist in Heat Transfer Technology with an unbeatable track record in the Oil, Gas, Power and Compressor business with equipment installed in all the six continents i.e; North America, South America, Europe, Africa, Asia and Australia.


Engineering innovations for the global metal melting industry


TRF
material handling systems and equipment in infrastructural sector, such as steel, power, port and mining, TRF Ltd - a TATA Enterprise


Headquartered in Latrobe, Pennsylvania, USA, Kennametal India is headquartered at Bangalore with products for"
- Metal & Metalworking Solutions
- Machine Tools
- Engineered Products
clients include GM, TVS, TELCO, Yamaha, BHEL



The sphere of UB Engineering’s activities encompasses EPC Projects, Infrastructure, On-site fabrication of structures, Installation, Testing and Commissioning of Electrical and Mechanical Equipments, Piping etc. for large Industrial projects such as Power, Refineries, Steel, Cement, Fertilizer, Petrochemical and Desalination Projects. The Company enjoys pre-qualification credentials in Electrical Sub-station projects upto 400 KV in India. The Company also undertakes Overhauling and Maintenance of Operating Plants in varied Industries, both in India and Abroad.


Fabrication, Erection & Testing and Commissioning of Bunkers, ESPs, Boilers, TG sets in the Power Plants



SANGHVI MOVERS LIMITED, is one of the largest crane hiring company in India, 3th Largest in Asia and ranked 9th largest in the world by Cranes International (June 2009 Issue).

A Fleet of 330 medium to large sized Heavy Duty Hydraulic and crawler cranes with capacity ranging from 20 tons to 800 tons.

Undertaking implementation of turnkey projects, which includes providing of well maintained equipments, expert technical services and skilled manpower.

Good track record in terms of -
Effective deployment of Cranes at optimal rates.
Efficiency in operations.
Adherence to time schedules.
Low mobilisation time.

Friday, September 11, 2009

Indian Exchanges



A very high entry barrier makes exchanges a very attractive business proposition.
NSE makes a grosss profit margin of 66%, something which only 20 companies listed on the stock exchanges are able to manage!

Globally, stock exchanges have seen volumes soar 20% CAGR for the last 30 years! Any exchange which can ensure good liquidity to the participants will always be an instant hit.

80% of revenues come from transaction fees.
66% of costs include Fixed Costs and hence a tremendous potential for leverage!

Corporatisation and Demutualisation (separation of brokers from shareholders) have ushered in an era of reforms with unprecedented pace.




FUTURE OF FINANCIAL MARKETS - JIGNESH SHAH

In a game of monopolies, one guy came and changed the rules of the game. He knows that very soon, COMMODITIES will have a significant share in the volumes as against Equities.
40% volumes are expected to come from commodities by 2016 as against 22% as of now.

FINANCIAL TECHNOLOGIES


Sunday, September 6, 2009

Men of Steel

Laxmi Nivas Mittal
love him, hate him, but you cannot ignore him.

born in June 1950 in Rajasthan, the eldest of 5 children, did BCom from St Xavier's, Calcutta in 1969 (where his family had moved when he was 6).by then he was already helping his father Mohan Lal with their first mill ISPAT in
Andhra Pradesh.
In 1975, age 25, LNM was sent to East Java near Indonesia by his father, to sell off a steel mill which they had acquired, which had become unviable because of beauraucratic bottlenecks. LNM first went to the retail market to check the price of steel bars & rods and realised that they could make a good margin if he made steel locally as against imported Japanese steel. But he did not have enough cash. But he knew that if he purchased machinary & equipment in India and exported it to Indonesia, the Indian government had a scheme to provide 85% of cost of exports through a LC. He obtained $3 million loan from Bank of India, Singapore against the same, and was in business. He hired 400 locals as labour and a friend Mr Agarwal from India to manage.
By 1978, after his son Aditya was born, he was making 26,000 tonnes of steel and by 1989 he was making 330,000 tonnes. He wanted to grow a lot more and realised that building steel plants from scratch would take a long time. So he decided to adopt the inorganic growth strategy.
In 1989, he took th
e loss making ISCOTT in the Caribbean and revamped the management by firing 60 Germans who cost $20million and replaced them with 60 Indian boys who cost $2million. one of them was a Chartered Accountant - Sudhir Maheshwari. By 1993, ISCOTT became ISPAT Caribbean and was making a million tonnes of steel profitably.

LNM had a simple vision - state owned steel mills with govt intervention had no place in the modern world. He went on a bargain hunting spree acquiring sick govt steel mills and turning them around.
In 1994 he bought Lazaro Cardenas in Mexico; Sidbec Dosco in Quebec, Canada both financed by Credit Suisse, where an analyst was totally impressed with Laxmi Mittal. His name - Jeremy Fletcher.



B.Muthuraman/ Ratan Tata

Balasubramanian Muthuramanstarted as a 'graduate trainee' in Tata Steel right after graduation from IIT Madras, he spent some time in the engineering and iron & steel making side of the company before moving to sales and marketing. He has spent most of his career in sales and marketing after completion of MBA from XLRI.
Muthuraman retired in 2009 after being the Managing Director for 10 years from 2000-01. he succeded the legendary Dr J.J.Irani, who himself retired after being the MD for 10 years from 1991-92, when Ratan Tata took up the Chairmanship.

Sajjan Jindal/ Naveen Jindal

Sajjan Jindal & Navin Jindal, both sons of the legendary Mr O.P.Jindal run their separate steel & power empires - JSW Steel and Jindal Steel & Power Limited respectively, as does their brother Ratan Jindal who runs Jindal Steel Limited.


Shri O.P.Jindal was born in 1930 to a farmer father, but always wanted to become an industrialist. He started as a scrap trader and then a small bucket-manufacturing unit. In 1964 he started the Jinal Pipe factory and a much larger one in 1969 in the name of Jindal Strips.

Wednesday, September 2, 2009

India INFRAstructure

The biggest opportunity for India Infrastructure story lies in the fact that as of today, India has no infrastructure.
  • Roads & Highways
  • Ports & Airports
  • Railways & MRTs
  • Pipelines & Irrigation
  • EPC/ Turnkey contracts











Jaypee

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