Steel Business :

• Our company is engaged in the manufacture of alloy & special steel through Electric Arc Furnace (EAF) route & caters to the automotive,engineering,bearing & other industries.All these segments are witnessing significant growth.The Company services an impressive list of customers including,Bharat Forge,SKF,Cummins,Timken & TISCO which bears testimony to its leadership.

• Our Company is in the process of creating cost & quality leadership.The operating results will show that our company has benefited from focusing on a strategic framework.The Steel that is produced is of world quality,import substitutive & the company has been qualified by leading bearing manufacturers as an international source of supply.Quality has been achieved consistently.The company's operation continue to show consistent improvement.

• An experienced management team that has delivered the above results is being strengthened & knowledge management team have been instituted so that the wealth of experience can be captured for future.

• While domestic demand has outstripped supplies,the Company has continued to evaluate options that create a hedge against possible reversal of the market dynamics & has been making progress in identifying export options for value added products.

Stamping Business :

• As a result of the remarkable growth in the Automotive industry,the stamping division at Kanhe has increased its throughput significantly & is expected to further improve upon the capacity utilization.Like many other businesses,the stamping industry too has been a victim of over investment in small sub-optimal units which have traditionally been incapable of producing a quality product.The Kanhe stamping division has been able to move up the value chain & with group support,developed the capabilities to produce sub assemblies for Mahindra & Mahindra(M&M),Tata Motors & Ashok Leyland.

• The recent joint venture announced between M & M & Renault is expected to create greater opportunities for the stamping business.Further, business opportunities are also arising on account of M & M foray into a joint venture with International Trucks for the manufacture of Lite & Heavy Commercial vechiles.These business activities together with the consolidation of stamping business consequent to merger of Pranay Sheetmetal Stampings Limited (Pranay) into the company is expected to add value to the business.