NMDC – DS Ahluwalia, Director-Finance

NMDC – DS Ahluwalia, Director-Finance – 11-04-2018
  • This year we have done highest sales of about 36 mn tonnes
  • In March 2018 we have done 4mn tonne
  • From now on the pricing will be oscillating in a range
  • Sales for FY19 – 39 mn tonne can be a possibility depending on demand
  • As of now we have not reduced the pricing, but we are open to change as per market trends and adjustments
  • We have got the permission to produce upto 14mn tonnes in Karnataka, by mid of this year we will be able to start
  • Only problem is if the supply will increase, there will be impact on prices
  • Have started production at Donimalai pellet plant, now there are just some minor issues left to clear
  • Our pellet is well taken in market
  • Nagarnar steel plant – as of now its not readily available , we are doing activities which will enable commissioning the plant

Ashok Leyland – Defence Expo

Ashok Leyland – Defence Expo –  11/04/2018
  • We are largest providers of logistics vehicles, primarily to Indian Armed Forces
  • Earlier we used to move only people (2% of defence budget), now we move everything from missiles to bullet proof vehicles (22% of defence budget)
  • Defence takes a long period, but once it comes it stays for a long period of time
  • Almost 800 crs of our business will come from defence
  • In last 1 year we have won 12 out of 15 tenders. these tenders are for developmental orders, once it starts converting into real things we will get cumulative orders of 5000 crs in next 5 years
  • It works in stages – RFI – RFP – Make a vehicle – Development order – Trials – then bigger orders
  • It is a long gestation business but not cyclical, once you are in, you are in for a long period of time
  • Will stick to our core competency of automotive technology and not get into something like submarines, missiles, guns etc