India Economy Thread

India surpasses China to become Russia's top oil buyer in July​

NEW DELHI, Aug 22 (Reuters) - India overtook China as the world's biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed.

Russian crude made up a record 44% of India's overall imports last month, rising to a record 2.07 million barrels per day (bpd), 4.2% higher than in June and 12% more than a year ago, data on Indian shipments from trade and industry sources showed.

 
What a fantastic commitment to creed and country. Shame Pakistan doesn't have any parallels to the Tata group. Our pride is Bahria Town and the Askari group of companies.

i consider Pakistan-Bangladesh-Afghan-Nepal-Burma-Sri Lanka, the SAARC as part of Indian Subcontinent.
I would say, the Indian industries belong to all the SAARC members :)

i would recon cross border activities among the SAARC nations similar to at least ASEAN region. the SAARC would have people to people movement at least similar to ASEAN :coffee:

 
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ashokleyland


Ashok Leyland Limited is an Indian multinational automotive manufacturer, with its headquarters in Chennai. It is now owned by the Hinduja Group. It was founded in 1948 as Ashok Motors, which became Ashok Leyland in the year 1955 after collaboration with British Leyland. Leyland is the second largest manufacturer of commercial vehicles in India (with a market share of 32.1% in 2016), the third largest manufacturer of buses in the world, and the tenth largest manufacturer of trucks. :coffee:

With the corporate office located in Chennai, its manufacturing facilities are in Ennore, Bhandara, two in Hosur, Alwar and Pantnagar. Ashok Leyland also has overseas manufacturing units with a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded Aluminium components for the automotive and telecommunication sectors. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.

Ashok Leyland has a product range from 1T GVW (Overall Vehicle Weight) to 55T GTW (Overall Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defence and special applications, and diesel engines for industrial, genset and marine applications. In 2019, Ashok Leyland claimed to be in the top 10 global commercial vehicle makers. It sold approximately 140,000 vehicles (M&HCV and LCV) in 2016. The company has passenger transportation options ranging from 10 seaters to 74 seaters (M&HCV = LCV). In the trucks segment, Ashok Leyland primarily concentrates on the 16 to 25-tonne range and has a presence in the 7.5 to 49 tonne range.



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Tractors and Farm Equipment Limited​

Tractors and Farm Equipment Limited (TAFE) is an Indian agricultural machinery manufacturer based in Chennai, India. TAFE is one of the largest tractor manufacturer in the world and the second largest in India by volume. :coffee:

TAFE – Tractors and Farm Equipment Limited, is an Indian tractor manufacturer incorporated in 1960 at Chennai, with an annual turnover excess of INR 12,500 crores. One of the largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 200,000 tractors (domestic and international) annually. TAFE has partnered with AGCO Corporation and the Massey Ferguson brand for over 60 years.


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Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the Ministry of Steel.

SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. It also has an R&D Centre for Iron & Steel (RDCIS) and a Centre for Engineering in Ranchi, Jharkhand.

Steel Authority of India Limited (SAIL) has a total of 692 patents globally, out of which 343 have been granted. More than 64% of the 692 patents are active. SAIL has filed the maximum number of patents in India, followed by Egypt and Germany. :coffee:

 
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Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the Ministry of Steel.

SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. It also has an R&D Centre for Iron & Steel (RDCIS) and a Centre for Engineering in Ranchi, Jharkhand.

Steel Authority of India Limited (SAIL) has a total of 692 patents globally, out of which 343 have been granted. More than 64% of the 692 patents are active. SAIL has filed the maximum number of patents in India, followed by Egypt and Germany. :coffee:


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Jindal Steel and Power​

Jindal Steel and Power Limited (JSPL) is an Indian steel company based in New Delhi. JSPL is a part of OP Jindal Group.

In terms of tonnage, it is the third-largest private steel producer in India and the only private player in India to produce rails. The company manufactures and sells sponge iron, mild steel slabs, rails, mild steel, structural, hot rolled plates, iron ore pellets, and coils. Jindal Steel and Power set up the world's first MXCOL plant at Angul, Odisha that uses the locally available and cheap high-ash coal and turns it into synthesis gas for steel making, reducing the dependence on imported coking coal.



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Tata Steel​

Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.

Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel-producing companies in the world, with an annual crude steel capacity of 35 million tonnes. It is one of the world's most geographically diversified steel producers, with operations and a commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$31 billion in the financial year ending 31 March 2023. "This claim needs references to reliable sources. (October 2024)" It is the largest steel company in India (measured by domestic production), with an annual capacity of 21.6 million tonnes after Steel Authority of India Ltd. (SAIL). Tata Steel, SAIL, and Jindal Steel and Power are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages.

Tata Steel operates in 26 countries, with key operations in India, the Netherlands, and the United Kingdom, and employs around 80,500 people. Its largest plant (10 MTPA capacity) is located in Jamshedpur, Jharkhand. In 2007, Tata Steel acquired the UK-based steelmaker Corus. It was ranked 486th in the 2014 Fortune Global 500 ranking of the world's biggest corporations. It was the seventh most valuable Indian brand of 2013, according to Brand Finance.

Tata Steel was listed amongst India's Best Workplaces in Manufacturing by Great Place to Work for the fifth time in 2022.



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