#Lrpc Strands

[dpwires1998]

Top Steel Wire Manufacturers and Suppliers in India - Dp Wires

Dp Wires proudly stands as one of the top Steel Wire Manufacturers and suppliers in India, renowned for setting industry standards for reliability and quality. We not only lead the industry in the production of steel wires, but we also excel at providing a large selection of single-strand stainless steel wires.

Our products, which are carefully packaged in bundles or drums weighing 20 to 250 kg, are used in a wide range of industries, including the chemical, oil and gas, textile, machinery and pumping industries. Dp Wires guarantees excellent quality with finishes ranging from dull to bright drawn and shiny, making us the go-to option among those looking for dependable steel wire solutions in India.

For more information, Visit our site - Https://www.dpwires.co.in

[tatawire]

How LRPC Strands Improve Structural Durability

High Tensile Strength: Provides superior load-bearing capacity for heavy structures.

Reduced Relaxation: Minimizes tension loss over time, ensuring long-term performance.

Crack Resistance: Helps prevent cracking in concrete, increasing overall durability.

Enhanced Flexibility: Adapts to varying stress conditions, improving structural resilience.

Corrosion Resistance: Offers better protection against environmental factors, extending the lifespan of structures.

https://www.tatawiron.com/segments/infrastructure

[typoeastnews]

Shares Of Usha Martin Hit Their One Year High – Rajeev Jhawar’s Hard Work Pays Off

Usha Martin shares jump 15% to hit 52-week high

Rajeev Jhawar Usha Martin is a leading global manufacturer of wire ropes and is also engaged in the manufacturing of wires, LRPC strands, prestressing machines, accessories and optical fiber cables. According to its website, Usha Martin's wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK produce widest range of wire ropes that find application in various industries across the world.

Rajeev Jhawar is an industrialist with over three decades of experience in strategic management. He is an alumnus of Ranchi University and London Business School and completed Management Development Course at the University of Pennsylvania. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is also the Director of Neutral Publishing House Ltd.

Usha Martin share price: The scrip has surged 9.66 per cent in the last five sessions. Usha Martin ended the previous year with 103.81 per cent gains. In response to an exchange query on significant movement in share price, Usha Martin, on December 30, 2022, clarified that "there is no material event and/ or information which is not in the public domain, which could have a bearing on the price and volume behavior of our traded scrip."

As a result of the hard work of Rajeev Jhawar and his team, Shares of Usha Martin rose sharply to hit their one-year high level in early trade on Monday. The stock jumped 14.76 per cent to touch its 52-week high of Rs 197.45 over its previous close of Rs 172.05. A total of 1.61 lakh shares changed hands today. The turnover on the counter stood at Rs 3.04 crore. The company commanded a market capitalization (m-cap) of Rs 5,849.52 crore. On the earnings front, the wire ropes manufacturer posted an over 7 per cent growth in its standalone net profit to Rs 45.09 crore during the quarter that ended September 2022. The company had clocked a net profit of Rs 42.05 crore in the same period a year ago.

Usha Martin Limited, under the exemplary management of Rajeev Jhawar is all poised for expansion. This includes enhancing their product mix, focusing on building share in international markets and investing in capacity increase. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialized wires and also LRPC. We have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete our expansion programme over the next 12-15 months”, Rajeev Jhawar Usha Martin said.

[rajeevjhawarushamartin]

"Usha Martin is constantly working to improve cost-cutting measures" Rajeev Jhawar

Usha Martin is one of the world’s leading wire rope makers. Usha Martin, founded in 1960, is now a multi-unit and multi-product organisation. Wire rope production facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the United Kingdom create one of the world’s most diverse variety of wire ropes. The infrastructure facilities are outfitted with cutting-edge high-capacity machinery to produce world-class products. Usha Martin’s global R&D centre in Italy is actively engaged in wire rope design and uses proprietary design software to generate best-in-class products.

Usha Martin has a sophisticated R&D centre in their Ranchi, India manufacturing location. Long-term use of their wire ropes in varied sectors such as Oil & Offshore, Mining, Crane, Elevator, Infrastructure, and so on demonstrates their expertise in making high-quality wire rope goods. Rajeev Jhawar Usha Martin always ensures that Usha Martin, as a business, concentrates on providing value-added products and services to its clients. They have created a solid network of capabilities distributed across the globe to ensure that their commitment to excellence percolates through every area of their operations.

Usha Martin has distribution centres in the United Kingdom, North America, South America, the Netherlands, Australia, Russia, Singapore, South Africa, Indonesia, Vietnam, China, Kazakhstan, and Iran. Usha Martin’s Ranchi facility is one of the world’s largest wire rope producing facilities. Aside from wire rope, this machine produces LRPC strands that are customised for use in infrastructure, renewable energy installations, bridges, and other applications. Usha Martin has extensive experience in the manufacture and sale of pre-stressing equipment and accessories, which is backed up by professional installation crews for pre-stressing tasks.

Cost-cutting efforts at Usha Martin are ongoing: Rajeev Jhawar Usha Martin

Rajeev Jhawar works tirelessly for the success of his organisation. Employees at Usha Martin are encouraged to work hard on cost reduction projects, and the company has been successful in many areas by improving plant and equipment efficiencies and lowering overheads. Rajeev Jhawar Usha Martin have embarked on a continual journey to reduce costs, and they will continue to do so in this difficult situation. Usha Martin is constantly working to increase their EBITDA per tonne and has many cost-cutting and process-improvement strategies in place. At Usha Martin Limited, Rajeev Jhawar has a specialised staff that regularly checks fixed costs without sacrificing quality.

[mediagraph]

One of the world's leading steel wire ropes manufacturers | Usha Martin | Rajeev Jhawar from ram dharsan on Vimeo.

Usha Martin is one of the world’s leading manufacturers of steel wire rope, specializing in producing high-performance wire ropes, LRPC strands, wires, pre-stressing accessories, machinery, and cables.

[wordexpress]

Rajeev Jhawar, the Iron Man Whose Commitment Framed the Crown for Usha Martin

UML seems to return high profits in FY 2022-23: Results gained for Rajeev Jhawar’s innovative business practices

Over the last 60 years, Usha Martin have been able to establish themselves as one of the world’s leading manufacturers of wire rope. Their multi-units and diversified portfolio of products, coupled with superior quality products and services have enabled them to emerge as a globally trusted brand. For Usha Martin, the path to sustainable growth was long. The management with the exemplary support of Rajeev Jhawar Usha Martin constantly tried out innovative business practices. Rajeev Jhawar took initiatives to diversify the customer base of Usha Martin by venturing into the international markets, moving up the value chain and fully integrating its business process to maximize stakeholder value.

Speaking about the increase in exports of Usha Martin’s products, Rajeev Jhawar explained, “our focus on increasing exports by increasing market penetration in newer geographies bore dividends, as our revenue from exports on consolidated basis grew from Rs.1034.26 Crore to Rs.1366.24 Crore in the last financial year, an increase of 32.10%”. The net standalone profit of UML also saw over 7 per cent growth to Rs 45.09 crore during the quarter that ended September 2022. The company had clocked a net profit of Rs 42.05 crore in the same period a year ago.

Rajeev Jhawar and his team at Usha Martin Limited is planning on the expansion of the company into newer geographies and also on rate of their capacity building to increase revenue generation. The strong foundation built by Rajeev Jhawar is where Usha Martin grows to become a huge tree. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialized wires and also LRPC. We have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete our expansion programme over the next 12-15 months”, Rajeev Jhawar Usha Martin had said.

Started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the  Usha Martin Group is a Rs. 3000 crore conglomerates with a global presence. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. With continuous growth in both the domestic and international markets, Usha Martin, the Group’s flagship company has emerged as India’s largest and the world’s Second largest steel wire rope manufacturer.

[angel0news]

Rajeev Jhawar - “Usha Martin Is Continuously Engaged In The Process Of Improving Cost-Optimization”

Usha Martin is one of the world’s leading manufacturers of wire rope. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. The wire rope manufacturing facilities located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce one of the widest ranges of wire ropes in the world. The infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products. The global R&D center of Usha Martin located in Italy is actively engaged in designing wire ropes and uses proprietary design software to develop products that are the best in class.

Usha Martin has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Long-standing application of their wire ropes in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of their expertise in manufacturing high-quality wire rope products. Rajeev Jhawar Usha Martin always makes sure that, as a business entity Usha Martin focuses on delivering value-added products and services to its customers. To ensure the commitment to quality percolates through every sphere of their operations, they have built a robust network of capabilities spread across the globe.

The distribution centers of Usha Martin are located in the UK, North America, South America, Netherlands, Australia, Russia, Singapore, South Africa, Indonesia, Vietnam, China, Kazakhstan and Iran. Usha Martin’s facility at Ranchi is one of the world’s largest wire rope manufacturing facilities under one roof. Other than wire rope, this unit manufactures LRPC strands, customized to have diversified applications in Infrastructure, Renewable energy installations, Bridges etc. Usha Martin has enriched experience in manufacturing & supply of pre-stressing machines & accessories, backed up by expert installation teams for Pre-stressing jobs.

Rajeev Jhawar is working relentlessly for the welfare of his company. At Usha Martin employees are made to work hard on cost reduction through multiple initiatives and have managed to be successful in many areas through improvement in efficiencies of the plant and equipment and reduction in overheads. Cost reduction is a continuous journey that Rajeev Jhawar and Usha Martin has undertaken and they continue their march on this path in this difficult environment. Usha Martin is continuously engaged in the process of improving their EBITDA per tonne and have several cost-optimization and process improvement initiatives in place. Rajeev Jhawar has a dedicated team at Usha Martin Limited that constantly monitors fixed costs, without compromising on quality.

Watch More:

[businessnewsupdates]

Usha Martin Limited Currently Focuses On Expanding Footprint In New Geographies - Rajeev Jhawar Usha Martin MD

Rajeev Jhawar’s Usha Martin is one of the leading wire rope manufacturers in the country. Rajeev Jhawar also the Director of Neutral Publishing House Ltd. Usha Martin underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.

Product innovation that meets the customers’ needs is a continuous process for Usha Martin. They are a major supplier of several OEMs. The market leader in India in wire ropes, Usha Martin has the capacity to produce a wide range — from 4.8 mm to 130 mm in diameter — of wire ropes. USP of Usha Martin is diverse quality products that cater to large customers. It is the concept of a ‘super market’, where one can pick up everything under one roof. Describing the advantages of the overseas operations, Rajeev Jhawar, Usha Martin affirms that these operations provide a significant synergy and support to the overall business performance. It also helps us to spread the offerings across the globe.

The Covid pandemic had adversely impacted UML’s demand but the international market has opened up slowly. Rajeev Jhawar thinks that in the next five years, the segment will see good demand. Mr. Rajeev Jhawar has also cautioned all to remain agile and responsive to the changing market needs and focus on increasing market share in high contributory products. Rajeev is bullish about the segment and expects oil & gas, ports and shipping to be the growth drivers. On a consolidated basis, 35–40 per cent of Usha Martin’s revenue is from exports to Europe, South East Asia, the US and the Scandinavian countries.

Usha Martin Limited also has an enviable track record in manufacturing & supply of pre-stressing machines and accessories, backed by expert installation teams for Pre-stressing jobs. The facility in Ranchi also has an additional set-up for manufacturing high quality conveyor cords. Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. According to Rajeev Jhawar, one of the key focus areas for growth of the company shall be enrichment of product mix by reducing low contributory items and focusing more on high value-added products, with the aim to shift the focus from volume to value.

In addition to enriching the product mix and expanding footprint in new geographies, Rajeev Jhawar Usha Martin will also continue to focus on areas like enlarging product basket and deliverables, moving up the value chain through service networks, strengthening network and market reach through digital platforms, strategic brand positioning and imbibing environmental, social and governance aspects in their business practices. With these plans in hand, Rajeev Jhawar and Usha Martin Limited remains confident of making deeper inroads into international markets with high contributory products.

The Global R&D center of Usha Martin located in Italy is actively engaged in designing of wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Usha Martin’s facility in Ranchi is one of the world’s largest wire rope manufacturing units. Other than wire rope, this unit also manufactures LRPC strands, customized for diversified applications in Infrastructural development works, Renewable energy installations, Construction and Maintenance of Bridges etc.

[trustednewstribune]

Rajeev Jhawar Affirms That The Overseas Operations Of Usha Martin Provide a Significant Synergy And Support To The Overall Business Performance

Usha Martin is one of the leading wire rope manufacturers in the country. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He is also the Director of Neutral Publishing House Ltd. Usha Martin underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.

Product innovation that meets the customers’ needs is a continuous process for Usha Martin. They are a major supplier of several OEMs. The market leader in India in wire ropes, Usha Martin has the capacity to produce a wide range — from 4.8 mm to 130 mm in diameter — of wire ropes. USP of Usha Martin is diverse quality products that cater to large customers. It is the concept of a ‘super market’, where one can pick up everything under one roof. Describing the advantages of the overseas operations, Rajeev Jhawar Usha Martin affirms that these operations provide a significant synergy and support to the overall business performance. It also helps us to spread the offerings across the globe.

The Covid pandemic had adversely impacted UML’s demand but the international market has opened up slowly. Rajeev Jhawar thinks that in the next five years, the segment will see good demand. Mr. Rajeev Jhawar has also cautioned all to remain agile and responsive to the changing market needs and focus on increasing market share in high contributory products. Rajeev is bullish about the segment and expects oil & gas, ports and shipping to be the growth drivers. On a consolidated basis, 35–40 per cent of Usha Martin’s revenue is from exports to Europe, South East Asia, the US and the Scandinavian countries.

Usha Martin Limited also has an enviable track record in manufacturing & supply of pre-stressing machines and accessories, backed by expert installation teams for Pre-stressing jobs. The facility in Ranchi also has an additional set-up for manufacturing high quality conveyor cords. Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. According to Rajeev Jhawar, one of the key focus areas for growth of the company shall be enrichment of product mix by reducing low contributory items and focusing more on high value-added products, with the aim to shift the focus from volume to value.

In addition to enriching the product mix and expanding footprint in new geographies, Usha Martin will also continue to focus on areas like enlarging product basket and deliverables, moving up the value chain through service networks, strengthening network and market reach through digital platforms, strategic brand positioning and imbibing environmental, social and governance aspects in their business practices. With these plans in hand, Rajeev Jhawar and Usha Martin Limited remains confident of making deeper inroads into international markets with high contributory products.

The Global R&D center of Usha Martin located in Italy is actively engaged in designing of wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Usha Martin’s facility in Ranchi is one of the world’s largest wire rope manufacturing units. Other than wire rope, this unit also manufactures LRPC strands, customized for diversified applications in Infrastructural development works, Renewable energy installations, Construction and Maintenance of Bridges etc.

[freepressjournals]

Rajeev Jhawar: the exceptional pillar of strength of Usha Martin

It was in 1961 when Usha Martin was started in Ranchi, Jharkhand where it manufactured wire rope. As of now, the same manufacturing company has managed to build an empire of 1 billion along with an exceptional worldly presence. The company has outdone its work by setting higher and new standards in terms of wire rod manufacturing, steel wires, wire ropes, and conveyor cord.

Usha Martin Limited also deals with the rope business as it produces wires, LRPC, strands, and wire ropes which are utilized in infrastructure, construction, steel, and more. In terms of manufacturing capacity, the company has around 230,000 tonnes every year through the two facilities in India that are in Ranchi (Jharkhand), and Hoshiarpur (Punjab) as well as through the three overseas units located in Thailand, the UK, and Dubai.

Impact of selling steel business to the Tatas

As per the recent reports it has been in the news that Usha Martin sold around 1 million tones integrated steel plant that was located in Jamshedpur to the auspicious Tata Steel for whopping money of 4,200-4,600 crore. After selling the steel business, UML or Usha Martin ltd primary focus will be creating a strong foundation in the wire rope business in the coming three quarters and it is said that only after this they would set off on their new journey of organic and inorganic growth opportunities. Furthermore, the company has a vision of being one of the top five wire rope players on a global scale.

Rajeev Jhawar who is the current managing director of Usha Martin claimed that both the organic as well as organic growth will be largely funded through internal accruals. In fact, as per the stated record, it was on 31st March 2019 when the Usha Martin Limited turnover was somewhere around 1,700 crore rupees. Apart from that, the Ebitda was somewhere approximately 250-300 crore rupees on a consolidated basis.

Impact of the prevailing slow growth

Since there is very minimal or slow growth in the domestic as well as international markets, it has created a significant impact on the top line of UML. This is when Rajeev Jhawar, the MD of the company stepped up. Within all the chaos, it has been claimed by the company that as soon as there is a certain revival in the demand factor, it will enable the company to quickly clock the 10-15 percent topline growth and this will be accompanied by an acceptable growth in profitable terms and this all is expected to happen in three years.

Jhawar family dispute

After the grand family dispute, the board of Usha Martin decided to appoint Rajeev Jhawar for five years from 19 May. The year before that when the Jhawar cousin, Prashant Jhawar was ousted from the position of non-executive chairman of Life Insurance Corporation of India. Both factions of the Jhawar extended family has ownership of approximately 25.5% stake in each of the companies. Later, Prashant Jhawar was formerly based in London after which he moved to the Kolkata bench of the National Company Law Tribunal after alleging mismanagement of the company by his cousin. The reason that he stated behind his removal from the post is his position as chairman was improper.The board of the company has appointed the Royal Bank of Canada for advising it on the sale that is proposed concerning the wire rope business.

Basant Jhawar fighting back for his rights

The founding promoter and former chairman of Usha Martin Basant Kumar after being ousted from the board has returned to fight for his rights. He claimed that he will leave no stone unturned to prevent all the alleged diversion of funds that was done by Brij Kishore, the former’s brother. The two brothers have made it into several headlines for their legal disputes before there was any kind of overcontrol of Usha Martin which is a steel and wire rope company business.

Rajeev Jhawar arraigned: the case against ex-CBI SP

Rajeev Jhawar, the MD of Usha Martin ltd has been arraigned in the case of the CBI or Central Bureau of Investigation arrest of N.M.P Sinha who is the retired Superintendent. Apart from these, some of the other names are that of the chartered accountant Vinay Jalan along with this son Parth and the authorized signatory of Usha Martin Raj Kumar Kapur. According to the FIR, it has been alleged that a conspiracy was coined by Mr. Sinha along with other people who are accused where a bribe has been received in lieu which was in the favors that are extended to them in another case that was registered against the grand brand Usha Martin.

This was then followed up when the agency said that Mr. Sinha held a meet-up with Mr. Jalan at a certain hotel in Delhi on the 23rd of September where Mr. Jalan asked his son to be ready for a reply to the entire summons that the CBI issued to Usha Martin. Furthermore, he has also asked him to hold a meeting with Mr. Sinha during the following visit.

Conclusion

Thus, ever since its establishment Usha Martin has been actively engaged in the production of wire rope and according to the sources, the maximum revenue was generated from the very wire as well as wire ropes. Apart from this, the company also deals with selling steel wires, strands, cords, and wire ropes. Despite all the ongoing disputes, Rajeev Jhawar has managed to keep the base foundation of Usha Martin as strong as he can. One of the many achievements of the company is that it acquired around 80% stake in Brunton Shaw, UK, from the Carclo Group. Furthermore, a second unit was established in Jamshedpur so that the capacity of the company can boom to a higher level.

As of the latest status of the company, Usha Martin has managed to establish new facilities by doing the utmost modifications in the cable plant so that higher value-added products were produced. Some of the names of such products are said to be conveyor cords, bright bars, and special wires.

[gazetteweekly]

Rajeev Jhawar: the exceptional pillar of strength of Usha Martin

It was in 1961 when Usha Martin was started in Ranchi, Jharkhand where it manufactured wire rope. As of now, the same manufacturing company has managed to build an empire of 1 billion along with an exceptional worldly presence. The company has outdone its work by setting higher and new standards in terms of wire rod manufacturing, steel wires, wire ropes, and conveyor cord.

Usha Martin Limited also deals with the rope business as it produces wires, LRPC, strands, and wire ropes which are utilized in infrastructure, construction, steel, and more. In terms of manufacturing capacity, the company has around 230,000 tonnes every year through the two facilities in India that are in Ranchi (Jharkhand), and Hoshiarpur (Punjab) as well as through the three overseas units located in Thailand, the UK, and Dubai.

Impact of selling steel business to the Tatas

As per the recent reports it has been in the news that Usha Martin sold around 1 million tones integrated steel plant that was located in Jamshedpur to the auspicious Tata Steel for whopping money of 4,200-4,600 crore. After selling the steel business, UML or Usha Martin ltd primary focus will be creating a strong foundation in the wire rope business in the coming three quarters and it is said that only after this they would set off on their new journey of organic and inorganic growth opportunities. Furthermore, the company has a vision of being one of the top five wire rope players on a global scale.

Rajeev Jhawar who is the current managing director of Usha Martin claimed that both the organic as well as organic growth will be largely funded through internal accruals. In fact, as per the stated record, it was on 31st March 2019 when the Usha Martin Limited turnover was somewhere around 1,700 crore rupees. Apart from that, the Ebitda was somewhere approximately 250-300 crore rupees on a consolidated basis.

Impact of the prevailing slow growth

Since there is very minimal or slow growth in the domestic as well as international markets, it has created a significant impact on the top line of UML. This is when Rajeev Jhawar, the MD of the company stepped up. Within all the chaos, it has been claimed by the company that as soon as there is a certain revival in the demand factor, it will enable the company to quickly clock the 10-15 percent topline growth and this will be accompanied by an acceptable growth in profitable terms and this all is expected to happen in three years.

Jhawar family dispute

After the grand family dispute, the board of Usha Martin decided to appoint Rajeev Jhawar for five years from 19 May. The year before that when the Jhawar cousin, Prashant Jhawar was ousted from the position of non-executive chairman of Life Insurance Corporation of India. Both factions of the Jhawar extended family has ownership of approximately 25.5% stake in each of the companies. Later, Prashant Jhawar was formerly based in London after which he moved to the Kolkata bench of the National Company Law Tribunal after alleging mismanagement of the company by his cousin. The reason that he stated behind his removal from the post is his position as chairman was improper.The board of the company has appointed the Royal Bank of Canada for advising it on the sale that is proposed concerning the wire rope business.

Basant Jhawar fighting back for his rights

The founding promoter and former chairman of Usha Martin Basant Kumar after being ousted from the board has returned to fight for his rights. He claimed that he will leave no stone unturned to prevent all the alleged diversion of funds that was done by Brij Kishore, the former’s brother. The two brothers have made it into several headlines for their legal disputes before there was any kind of overcontrol of Usha Martin which is a steel and wire rope company business.

Rajeev Jhawar arraigned: the case against ex-CBI SP

Rajeev Jhawar, the MD of Usha Martin ltd has been arraigned in the case of the CBI or Central Bureau of Investigation arrest of N.M.P Sinha who is the retired Superintendent. Apart from these, some of the other names are that of the chartered accountant Vinay Jalan along with this son Parth and the authorized signatory of Usha Martin Raj Kumar Kapur. According to the FIR, it has been alleged that a conspiracy was coined by Mr. Sinha along with other people who are accused where a bribe has been received in lieu which was in the favors that are extended to them in another case that was registered against the grand brand Usha Martin.

This was then followed up when the agency said that Mr. Sinha held a meet-up with Mr. Jalan at a certain hotel in Delhi on the 23rd of September where Mr. Jalan asked his son to be ready for a reply to the entire summons that the CBI issued to Usha Martin. Furthermore, he has also asked him to hold a meeting with Mr. Sinha during the following visit.

Conclusion

Thus, ever since its establishment Usha Martin has been actively engaged in the production of wire rope and according to the sources, the maximum revenue was generated from the very wire as well as wire ropes. Apart from this, the company also deals with selling steel wires, strands, cords, and wire ropes. Despite all the ongoing disputes, Rajeev Jhawar has managed to keep the base foundation of Usha Martin as strong as he can. One of the many achievements of the company is that it acquired around 80% stake in Brunton Shaw, UK, from the Carclo Group. Furthermore, a second unit was established in Jamshedpur so that the capacity of the company can boom to a higher level.

As of the latest status of the company, Usha Martin has managed to establish new facilities by doing the utmost modifications in the cable plant so that higher value-added products were produced. Some of the names of such products are said to be conveyor cords, bright bars, and special wires.

[dpwires1998]

Discover the Best steel wire manufacturers - DP Wire

Discover unparalleled quality and reliability with DP Wire, one of the leading steel wire manufacturers in the industry. With a commitment to excellence and innovation, DP Wire stands out as a trusted name in providing high-quality steel wire products for a diverse range of applications. As one of the best steel wire manufacturers, DP Wire employs cutting-edge technology and stringent quality control measures to ensure that every product meets the highest standards of performance and durability. For more information, click on the given link - https://www.dpwires.co.in/understanding-lrpc-strands-a-comprehensive-overview-with-dp-wires/

[tatawire]

Global Market Trends for LRPC Strands

Increasing Demand: Rapid urbanization and infrastructure development are driving the global demand for LRPC strands.

Technological Advancements: Innovations in manufacturing processes are enhancing the quality and performance of LRPC strands.

Regional Growth: Asia-Pacific is experiencing significant growth due to large-scale construction projects and investments in infrastructure.

Sustainability Focus: Growing emphasis on sustainable construction materials is boosting the adoption of LRPC strands.

Market Expansion: The global LRPC strands market is projected to expand, with rising investments in transportation, energy, and commercial buildings.

https://www.tatawiron.com/segments/infrastructure

[typoeastnews]

Rajeev Jhawar, the Iron Man Whose Commitment Framed the Crown for Usha Martin

UML seems to return high profits in FY 2022-23: Results gained for Rajeev Jhawar’s innovative business practices

Over the last 60 years, Usha Martin have been able to establish themselves as one of the world’s leading manufacturers of wire rope. Their multi-units and diversified portfolio of products, coupled with superior quality products and services have enabled them to emerge as a globally trusted brand. For Usha Martin, the path to sustainable growth was long. The management with the exemplary support of Rajeev Jhawar Usha Martin constantly tried out innovative business practices. Rajeev Jhawar took initiatives to diversify the customer base of Usha Martin by venturing into the international markets, moving up the value chain and fully integrating its business process to maximize stakeholder value.

Speaking about the increase in exports of Usha Martin’s products, Rajeev Jhawar explained, “our focus on increasing exports by increasing market penetration in newer geographies bore dividends, as our revenue from exports on consolidated basis grew from Rs.1034.26 Crore to Rs.1366.24 Crore in the last financial year, an increase of 32.10%”. The net standalone profit of UML also saw over 7 per cent growth to Rs 45.09 crore during the quarter that ended September 2022. The company had clocked a net profit of Rs 42.05 crore in the same period a year ago.

Rajeev Jhawar and his team at Usha Martin Limited is planning on the expansion of the company into newer geographies and also on rate of their capacity building to increase revenue generation. The strong foundation built by Rajeev Jhawar is where Usha Martin grows to become a huge tree. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialized wires and also LRPC. We have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete our expansion programme over the next 12-15 months”, Rajeev Jhawar Usha Martin had said.

Started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a Rs. 3000 crore conglomerates with a global presence. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. With continuous growth in both the domestic and international markets, Usha Martin, the Group’s flagship company has emerged as India’s largest and the world’s Second largest steel wire rope manufacturer.

[katariagroup]

We are the leading Manufacturers of LRPC Strands in India. Our strands are manufactured from high quality raw materials that are sourced from primary wire rod manufacturers that provide ultimate strength to our strands. Visit our website to know more.