Katti-Ma group, a granite-exporting firm from Chennai, is planning to commission its Sriperumbudur logistics park before the end of 2011.The company is investing around Rs 50 crore, including the cost of land acquisition for the park, and is in talks with two domestic logistics firms for a tie-up to commence operations.
Cement maker Sanghi Industries, which started off as a predominantly export-driven company, has turned its focus on the domestic market. It has put in place a turnaround strategy that involves wiping out its debt level, which is around Rs 750 crore at present.
The Planning Commission expects domestic coal supplies to be around 750 mn tonne by 2017. Domestic coal demand would be 1,000 mn tonne by 2017. India has the world’s fifth-largest coal reserves and produces the most after China and the US. India’s coal demand is seen at around 772 mn tonne against an expected supply of about 580 mn tonne in the fiscal to March 2013.
To achieve its targeted revenue of over Rs 50,000 crore in five years, Essar Projects is relying mainly on the expansion of its domestic steel capacity and related areas. The company registered around Rs 11,000 crore as turnover last year. Further, the minerals and metals business unit contributed Rs 2,900 crore, which is likely to cross Rs 10,000 crore in the five years, if Essar Projects' turnover exceeds Rs 50,000 crore.
The year 2012 brought a ray of hope for the Indian hospitality industry following rise in foreign tourist arrivals and domestic travellers in large numbers. The industry reeled under a downturn for almost two years before. Meanwhile, a slew of leading global hospitality chains announced big plans for India during the year.