#lrpc wire plants

[smindustries]

Binding Wire Plant manufacturers in India

We are manufacturer & exporter of Wire Winding Plant for winding to bobbin to the various size as per requirement. Offered machine is exclusively manufactured by highly experienced professionals using the best-grade components and modern technology.

[wiseedition]

Usha Martin’s FY2023 Earnings Conference Call – Rajeev Jhawar Speaks To Investors And Analyst Community

Usha Martin is one of the world's leading manufacturers of specialty steel wire ropes with over 60 years of experience. The Company offers a wide range of products including specialty wire ropes, high quality wires, LRPC, customized end-fitments, accessories, and related services. These products are used in industries such as oil and gas, ports, cranes, elevator, mining, fishing, renewable energy, construction and infrastructure and general engineering, among others.

The company conducts FY2023 earnings conference call for the investors and analyst community for the betterment of their business relations. “Our goal is to hold such forums regularly in the future with the aim of increasing transparency and building a stronger relationship with the investors and analyst community”, said Rajeev Jhawar Usha Martin, MD

Usha Martin has manufacturing facilities in India along with plants overseas in Thailand, UAE and the United Kingdom. The business model is primarily to stock and sell through their own distribution centers worldwide in Southeast Asia, Australia, Europe, US, UAE and also do some direct sales from the plant. UML have dedicated service centers where they provide value additions such as cutting, socketing, testing, inspection and so on. The Company also has a global R&D center located in Italy, where it designs wire ropes using proprietary software.

Rajeev Jhawar also shared details about how Usha Martin deleveraged their business, “In the past, Usha Martin was involved in the steel making business which was impacted due to the severe downturn in the industry and high leverage of the Company. To overcome these challenges, we undertook divestment of the steel business by way of a slump sale. It is important to note that the Company never defaulted, did not go for debt restructuring and there was no haircut by any of the lenders. This exercise enabled the Company to significantly deleverage and turnaround our financial and operational position. While it was a tough decision at that time, this helped us transform from a commodity business to a value-added high ROC business”.

According to Rajeev Jhawar, MD, Usha Martin through this:

Was able to grow their margins and profitability despite the volatility in commodity prices that is their raw material, basically the steel.

The barrier to entry in the industry are high because of the long customer approval cycle and critical applications. As some of you know, wire ropes are highly engineered products that need to meet the highest standards of reliability and performance. Now, with the renewed focus on the specialty wire rope business, Usha Martin has undertaken strategic initiatives to enhance its production capacity for wire ropes, diversify its product range, restructure its cost, secure its raw material sources, and strengthen its financial position.

Post the turnaround and stabilization of the business, Usha Martin adopted a new dividend policy in FY22. “I am delighted to share that the Board has recommended a healthy dividend of Rs. 2.5 per share for FY23, amounting to a total cash flow of Rs. 76.2 crore after taxes. Our commitment to all shareholders remains strong, and our Board will continue to prioritize a balance between investing in the business to pursue growth opportunities and rewarding shareholders through dividends”, Rajeev Jhawar Usha Martin , MD explained.

He concluded by saying that Usha Martin has successfully navigated its past challenges and has made substantial progress in the last 3 years. Today, he strongly believes that Usha Martin is in a very exciting phase. Rajeev Jhawar is confident that the company is well placed to capitalize on the significant growth opportunities which the industry has to offer. He looks forward to for the continuing support from the investors and the community in their journey where they will create long-term sustainable value for all the stakeholders.

The session was carried on by Mr. Anirban Sanyal, CFO of Usha Martin, who then explained through the operational and financial highlights for the quarter ended 31st March 2023.

[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.

[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.

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[typoeastnews]

Indian Industrialist Rajeev Jhawar: The Man Who Adorns Many Hats

Rajeev Jhawar is the Managing Director of Usha Martin Limited. He is the son of Brij Kishore Jhawar, the founder of Usha Martin. Rajeev Jhawar has three daughters – Stuti Jhawar, Shreya Jhawar and Amisha Jhawar. Brij Kishore Jhawar is one of the two factions of the Jhawar family, who owns the company. Rajeev Jhawar has been the Managing Director at Usha Martin Limited since May 19, 2008. Rajeev Jhawar is an alumnus of Ranchi University and has also completed his graduation in Industrial Services from London Business School.

The Jhawar Family also owns the Neutral Publishing House Limited, among many of its companies. The family consists of two octogenarian brothers – Brij Kishore Jhawar and Basant Kumar Jhawar. While the family jointly held 51% of the stake, the rest of the retailers held only 49% of the stake of Usha Martin Limited. Jhawar Family also owns 95.47% shares of Neutral Publishing House Limited, the company which publishes Prabhat Khabar. The family members of the Jhawar family hold different positions in many of the group companies.

Both Basant Jhawar and Brij Jhawar have grown the business into a large wire rope conglomerate in the country. Later on, their sons joined the business. Rajeev Jhawar, the son of Brij Kishore Jhawar, was involved in the manufacturing of products. And he does his part perfectly. Rajeev Jhawar then took charge of the company, which later acquired some wire rope companies in Europe and turned the business profitable.

In his past career, Rajeev Jhawar was Director-Finance & Commercial at Tropical Agrosystem India Ltd., Managing Director at Usha Martin Industries Ltd. and Director-Finance & Commercial at SBQ Steels Ltd. Rajeev Jhawar started his journey at Usha Martin Limited as Sr. Vice President (Commercial) and later became the Managing Director of Usha Martin Limited. Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. In his three decades of service at Usha Martin, Rajeev Jhawar had always paved way for the company to reach greater heights.

Usha Martin Limited 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 years under the leadership of Rajeev Jhawar. The first wire rope reel rolled out of the company in 1962. Its public issue in 1961 was oversubscribed by more than 300 per cent. In 1963, Usha Martin Limited paid its maiden dividend and doubled the production from 3,600 tonnes to 7,200 tonnes in just two-and-a-half years.

Usha Martijn Limited soon became one of the largest manufacturers of wire ropes in the world and the leading speciality steel manufacturer in India. The company is one of the world’s leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin produces one of the widest ranges of wire ropes in the world. Usha Martin Limited, together with its subsidiaries, manufactures and sells wires, wire ropes, and strands products in India and internationally.

Rajeev Jhawar led Usha Martin’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. The company also offers wire ropes, including oil and offshore, crane, mining, elevator, fishing, aerial, and general engineering ropes, as well as ropes for conveyor cords and structural systems. It also manufactures a range of industrial machines, including wire drawing machines, stranding machines, wire rope closing machines, steel plant equipment, cable machines, and material handling equipment; machines for manufacturing bright bars; machines for armoring and rewinding; and copper coating lines for CO2 welding wire manufacture.

Few years back, Usha Martin underwent through a turmoil. But with the strategic intervention of Rajeev Jhawar, Usha Martin moved again into the trajectory of success. Rajeev Jhawar hived off the steel division of UML to Tata in 2019, thereby deleveraging the balance sheet of the company and led them to a reasonably healthy position. As a global giant in the wire rope industry, the company’s future remains promising and it is poised for a significant rerating from here. Usha Martin Limited has turned profitable post debt reduction and is billed as one of the most successful turnarounds of stressed assets. The strategic move of Rajeev Jhawar to sell Usha Martin’s steel business to Tata Steel had enabled them to significantly deleverage their Balance Sheet and focus on their core competencies. This has already started yielding results and has placed them in a position of strength.

Post divestment of its steel business undertaking, Usha Martin has improved with renewed vigor with its focus on capability building, removing constraints and increase in productivity of key products to remain agile and competitive. In order to continue to be sustainable, resilient and future ready, Rajeev Jhawar and Usha Martin is preparing for plans for augmenting capacity and capability building. Rajeev Jhawar is hopeful that with steady infrastructure spending by the Indian government, specialty products used in construction and infrastructural sectors may become one of the key growth drivers for the company in the upcoming years. Usha Martin expects growth in export volume in South-East Asia, Australia, USA, Canada, Latin America and South Africa in the following years from these sectors. Rajeev Jhawar is currently working on the expansion of the company in terms of capacities and increasing the business into new geographies.

In addition to his position of Managing Director at Usha Martin Limited, Rajeev Jhawar holds 9 other board and advisor roles. Rajeev Jhawar has been the Vice Chairman of Usha Martin Education & Solutions Limited since September 2010. Rajeev Jhawar also serves as an Executive Director of Usha Martin Limited. He is the Chief Financial & Compliance Officer of G J Steel Public Company Limited (Iron & Steel). He has been an Independent Non-Executive Director of Orient Cement Limited (part of CK Birla group companies Construction Materials) since August 09, 2014.

Rajeev Jhawar serves as the Director of Usha Martin International Ltd. and Usha Martin UK Ltd. He is also a director on the boards of Usha Martin’s overseas subsidiaries, i.e., Usha Siam Industries Public Company Limited in Thailand and Brunton Wire Ropes FZ Co. in Dubai. He is also the Director of Usha Breco Ltd since Apr 19, 1969. He serves as the Director of Usha Breco Realty Ltd since Jun 29, 2005. Rajeev Jhawar is also the Director of PARS Consultancy & Services Pvt. Ltd. since Oct 27, 2010. Rajeev Jhawar has been a Non-Executive Director at Usha Martin Education & Solutions Limited since March 4, 2000 and the Director of KGVK Rural Enterprises Ltd, KGVK Social Enterprises Ltd, Redtech Networks India (P) Ltd and Jhawar Venture Management Pvt. Ltd.

Rajeev Jhawar is also the Director of Neutral Publishing House Limited which has a leading regional newspaper under the flagship title ‘Prabhat Khabar’ published in the Indian cities of Patna, Dhanbad, Ranchi, Jamshedpur & Kolkata. He has been the Director of Usha Breco Limited since March 30, 2010. Rajeev Jhawar is also the Director of Gustav Wolf Speciality Cords Ltd., Usha Communications Technology Ltd. (Guernsey), Prabhat Khabar and Summit Usha Martin Finance Corp. Ltd. He also serves as the member of The Institute of Cost & Works Accountants of India and The Institute of Chartered Accountants of India.

[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.

[livewellnews]

Rajeev Jhawar Usha Martin -‘Wire Ropes have a Solid Demand in International Market’

Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2018. Established in the year 1960, Usha Martin is a multi-unit and multi-product organization in the wire rope business. Usha Martin is one of the world’s leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin produces one of the widest ranges of wire ropes in the world. According to Rajeev Jhawar, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon of 2020.

Wire rope manufacturer Usha Martin Ltd (UML) expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar, Managing Director of Usha Martin Limited said.

The economy was badly struck by the pandemic and the subsequent lockdown. But the stimulus package by the government and the lifting of restrictions post lockdown showed signs of fresh growth. There should be a pick-up in demand during the festival season post-September-October, by which time they hope that the Covid situation would also be brought slightly under control. “While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic”, Rajeev Jhawar added.

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto.  The demand for wire rope was reduced by the reverse migration of labourers particularly in the western and northern regions of the country which had affected industries such as construction. The demand from the construction, auto and oil sectors is down, says Rajeev Jhawar Usha Martin. Their plant has therefore reduced its manufacturing quantity and is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting Usha Martin Limited.

Once the Covid situation is brought under control and the domestic demand picks up, the company hopes that they can ramp up the capacities of the plant, which they expect to happen by the second half of this fiscal year. Usha Martin Limited has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi and Hoshiarpur and three overseas units in the UK, Thailand and Dubai. “The demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia”, Rajeev Jhawar said quoting the export business of the company.

[daily-media]

According to Rajeev Jhawar , "The Various Measures Announced by the Central Government to Boost the Economy are likely to Start Yielding Results Post Monsoon"

Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in construction and auto sectors, to start picking up post monsoon. According to Rajeev Jhawar, Managing Director of Usha Martin, the various measures announced by the Central government to boost the economy are likely to start yielding results post monsoon. “We expect post monsoon things should be better. There should be a pick-up in demand during the festival season post September-October, by which time we hope that the Covid situation would also be brought slightly under control”, MD Rajeev Jhawar said.

While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic. But in the previous financial year, demand has started to pick up and the top-line growth of Usha Martin is evidence for this. The reverse migration of laborers had affected industries such as construction, particularly in the western and northern regions of the country. This also has had an impact on the demand for wire rope.

Usha Martin Limited’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. “The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting us”, Rajeev Jhawar quoted on the demand of UML’s products.

UML has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi (Jharkhand) and Hoshiarpur (Punjab) — and three overseas units in the UK, Thailand and Dubai. The company is hopeful of ramping up capacities by the second half of this fiscal once the covid situation is brought under control and the domestic demand starts picking up. Talking about exports, Rajeev Jhawar Usha Martin said that the demand for wire rope has been “fairly decent”, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia.

Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020. Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200-4,600 crore, completed the first full year of operations of its wire rope business in FY20.

[trustednewstribune]

Future is highly dependent on ability and success, Rajeev Jhawar Usha Martin

Mr Rajeev Jhawar is an Indian industrialist with over three decades of experience in strategic management is the managing director of Usha martin. He is an alumnus of Ranchi University and London Business School. He started his journey as Sr. Vice President (Commercial) and became the Managing Director of Usha Martin Limited in 1998. In the three decades that he has been at the helm of the Usha Martin Group, Rajeev Jhawar has accelerated growth, built a meritocracy and enhanced stakeholder value. His leadership qualities, sharp business acumen, in-depth understanding of business administration and strategic decision making has taken the Group to an altogether higher growth trajectory.

Usha Martin started its business as a wire rope manufacturing company. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery…The company is also in the business activities of Steel, Wire & Wire Ropes.

Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. Rajeev Jhawar identifies that the future is highly dependent on ability and success of the policy makers across the globe to implement reforms for equitable and sustainable economic growth. In a bid to improve profitability in the current environment, Usha Martin and Rajeev Jhawar have been focussing on enrichment of the product mix through rejigging of the sales mix, new product development and new market development.

Rajeev Jhawar Usha Martin is working relentlessly for the welfare of the 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-optimisation 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.

Usha Martin Limited always strives to improve the quality of their products to enhance value for customers. Leveraging the capabilities of R&D facilities in Italy and India and modifying the designs of their products based on geographies and needs of the customers are carried out for this purpose. Rajeev Jhawar also ensures that the company work closely with their R&D centres to enhance daily manufacturing efficiencies.

Government of India has put emphasis on accelerating the growth momentum of the country by targeting infrastructural growth including road, rails, urban, power, ports, shipping etc. According to Rajeev Jhawar, the infrastructure sector has the potential to kick start the economy. He hopes that the various plans initiated by the Government of India will boost domestic production. Rajeev Jhawar also expects that all these measures and thrust on infrastructural development will have a major positive impact on the demand for wire ropes and steel in the long run. During the FY20–21 the demand in realty and construction sector witnessed a bit of revival and also with the expected steady spending on infrastructure by government(s) the LRPC strands and speciality products used in the wire rope industry might prove to be growth drivers for Rajeev Jhawar’s Usha Martin Limited in coming years.

Further with realty sector crawling back to normalcy, the demand for elevator ropes is expected to pick up. The FY20–21 primarily due to social distancing norms, saw improvement in automobile sector which in turn has resulted in renewed demand of value-added products of Usha Martin such as spring wire and other wires which are especially attributable to the said sector. Rajeev Jhawar also acknowledged that the last quarter of the financial year witnessed uptick in demand in oil and offshore market globally, thereby boosting up demand for large diameter ropes manufactured by the company.

During the next fiscal year, Usha Martin Limited aims to expand its global market presence in Elevator Ropes, Crane Ropes, Surface Mining Ropes and Trawler Ropes segments. Rajeev Jhawar also expects the exports to countries such as Singapore, Australia, USA, Canada, South Africa, Latin America and Russia to increase.

Rajeev Jhawar also express concerns that raw material sourcing is likely to remain a major challenge in FY 2021–22 and beyond. So, expanding the raw material supplier base — both nationally and internationally is to be on the fast track. Enrichment of product mix will continue to be one of the key drivers for the firm. Usha Martin aims to shift the focus from Volume to Value by exiting from low contributory items gradually and focusing more on high value-added products. Business through service-oriented projects and import substitution is already on the rise and expected to grow further in this fiscal.

Rajeev Jhawar also expects the ‘Make in India’ policy of the Government of India to add impetus on this further. In the new world order post-pandemic, digital marketing is likely to become the tool for future growth and the degree of digital transformation that a company undergoes will become the key business differentiator. Therefore, Rajeev Jhawar focuses on establishing highly interactive digital marketing channels and using advanced tools and techniques to aggressively increase customer engagement, develop interest and awareness among referral communities or B2B decision makers, generate online leads, build online reputation and ultimately enhance brand value.

[currentmediasstuff]

The Expert Mind to Save UML in the Pandemic Era-Rajeev Jhawar

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 organisation. 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. Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2018, and in the three decades that he has been at the helm of the Usha Martin Group. According to Rajeev Jhawar, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon of 2020.

Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in the construction and auto sectors, to start picking up post-monsoon of 2020.

The covid 19 struck economy is in its recovery phase. According to Rajeev Jhawar, Managing Director, Usha Martin Ltd, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon of 2020.

Rajeev Jhawar expects those post-monsoon things should be better. He feels that there should be a pick-up in demand during the festival season post-September-October, by which time he also hopes that the Covid situation would also be brought slightly under control.

Due to the lockdown in the wake of the Covid-19 pandemic, the domestic demand across various sectors has been very low compared to a “fairly decent” demand for wire rope in international markets says, Rajeev Jhawar.

According to Rajeev Jhawar, the primary impact on the demand for wire rope is the reverse migration of labourers that had affected industries such as construction, particularly in the western and northern regions of the country.

Rajeev Jhawar also stressed on ramping up of capacities. Usha Martin ltd wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto.

He says that the export demand is, however, good and the rupee depreciation is supporting the company. The plants are operated at 50-55% of their installed capacity due to the low demand from the construction, auto and oil sectors.

The company is hopeful of ramping up capacities by the second half of this fiscal year 2020, once the Covid situation is brought under control and the domestic demand starts picking up.

In its two facilities in India — at Ranchi (Jharkhand) and Hoshiarpur (Punjab) — and three overseas units in the UK, Thailand and Dubai, the Usha martin ltd. has a manufacturing capacity of around 2,30,000 tonnes per annum across. There has been a “fairly decent”, if not strong, demand from markets such as Europe, the US, South America, Australia and South-East Asia, he adds.

Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crores for the year ended March 31, 2020, claims MD Rajeev Jhawar

The loss in production following the lockdown and subsequent weak demand is likely to impact its top line in FY21. However, we expect the various cost reduction measures undertaken by the company under Rajeev Jhawar would help it achieve break-even or marginal profits by the end of this fiscal.

[gazetteweekly]

Rajeev Jhawar Usha Martin, continues to follow stringent safety protocols to ensure wellbeing of its employees

Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business.They are one of the world’s leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin produces one of the widest ranges of wire ropes in the world. Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited. Usha Martin Limited is all set to start a new chapter in the new financial year. Rajeev Jhawar expects domestic demand for wire ropes to rise post-monsoon.

Previous year proved to be most challenging in living memory as COVID-19 brought economies and businesses to a grinding halt. India was hit hard by the pandemic. Usha Martin Limited expects the Indian economyto rebound on the back of pent-up demand across sectors. Rajeev Jhawar, Managing Director of Usha Martin Limited hopes that Reserve Bank of India’s (RBI) monetary stimulus and the Government of India’s fiscal measures will bring the economy back to a sustainable positive territory.He believes that the substantial budgetary outlay on infrastructure by Government of India will augur well for their business.

Rajeev Jhawar expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar said.There should be a pick-up in demand during the festival season post-September-October, by which time the company hope that the Covid situation would also be brought slightly under control. He also forecasts his views on the various stimulus measures taken by the government to enhance the growth of the economy.

While the demand for wire rope has been fairly decent in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic, Rajeev Jhawar said.The reverse migration of labourers had affected industries such as construction, particularly in the western and northern regions of the country. This impacted the demand for wire rope.

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto.“The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting us,” Rajeev Jhawar said.The company is hopeful of ramping up capacities by the second half of this fiscal once the Covid situation is brought under control and the domestic demand starts picking up.

Usha Martin Limited also expects to gain momentum in their international business as most countries where they are present have returned to near normalcy. Talking about exports, Rajeev Jhawar said the demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia. Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020.

Global demand for the oil and offshore market saw improvement during the FY20-21 which in turn boosted the demand for speciality rope products of the company catering to the said sector. According to Rajeev Jhawar, it is expected that the demand from the said sector shall sustain in the next fiscal and is expected to provide business opportunities to the company. Further Rajeev Jhawar also states that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the years to come.

Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200-4,600 crore, completed the first full year of operations of its wire rope business in FY20. Through the strategic move of selling UML’s steel division to Tata Steel, Rajeev Jhawar helped the company in enabling them to significantly de-leverage their balance sheet and free up critical cash pool, which they could invest in their profitable and sustainable wire rope business. The result of such divestment resulted in enhanced fiscal stability and allowed Usha Martin to focus primarily on their core business.

Usha Martin Limited has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi, Jharkhand and Hoshiarpur, Punjab and three overseas units in the UK, Thailand and Dubai. The company recorded a consolidated revenue of Rs. 2,097.28 crore, compared to Rs. 2,153.82 crore in FY19-20. UML’s consolidated EBITDA stood at Rs. 312.56 crore in FY20-21 compared to Rs. 284.96 crore in the previous year. Despite the shrinkage in revenue, there was a marked improvement in the EBITDA margin from 13.23% to 14.90%. During the year, Usha Martin Limited had adequate working capital and liquidity, which ensured that their operations went on smoothly.

Enrichment of product mix will continue to be a key value driver for Usha Martin Limited, by gradually reducing dependence on low-contributory items and increasing focus on value-added products. According to Rajeev Jhawar, the company will take concerted effort on maintaining fiscal solidity with focused capital expenditure. Usha Martin is planning to continue to place greater emphasis on implementing digitalisation across the organisation.

Usha Martin, under the guidance of Rajeev Jhawar have been able to solidify their leadership position through the delivery of industry-leading quality products across our state-of-the-art manufacturing facilities. “Through leveraging the capabilities of our R&D facilities in Italy and India, we are constantly striving to enhance manufacturing efficiencies and quality of our products”, Rajeev Jhawar says.The company always strives to improve the quality of their products to enhance value for customers. Leveraging the capabilities of R&D facilities in Italy and India and modifying the designs of their products based on geographies and needs of the customers are carried out. Rajeev Jhawar also ensures that the company work closely with their R&D centres to enhancedaily manufacturing efficiencies.

Usha Martin Limited with the leadership of Rajeev Jhawar, continues to follow stringent safety protocols to ensure wellbeing of its employees and is in continuous process of dynamically adopting to the ever changing global and domestic macro-economic environment as and when the same is required in these post – pandemic times.

[rajeevjhawarushamartin]

Rajeev Jhawar stated that with steady infrastructure spending by the government

Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. They are one of the world’s leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin produces one of the widest ranges of wire ropes in the world. Rajeev Jhawar Usha Martin, the son of Brij Jhawar, is the managing director of Usha Martin Limited. According to Rajeev Jhawar Usha Martin, UML has built a strong worldwide network of capabilities to cater to global markets.

Usha Martin is one of the world’s leading manufacturers of wire rope. With over six decades of experience, Usha Martin have established themselves as a globally recognised multi-unit and multi-product organisation through consistent delivery of superior quality products and services. Rajeev Jhawar Usha Martin, the son of Brij Jhawar, is the managing director of Usha Martin Limited.

The vision of Usha Martin Limited is to be the global leader of the wire rope industry by delivering customer delight, adopting modern technology and ensuring sustainable, inclusive growth for all of its stakeholders. Usha Martin possesses six manufacturing facilities located in Ranchi, Hoshiarpur, Silvassa, Dubai, Bangkok and the United Kingdom, which produce one of the widest range of wire ropes in the world.

Demand for Usha Martin’s wire rope has been fairly decent in international markets. Products of UML are globally marketed in six continents and 50% of our revenue is derived from international sales. UML has built a strong worldwide network of capabilities to cater to global markets. However, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic, Managing Director of UML, Rajeev Jhawar said. The reverse migration of labourers had affected industries such as construction, particularly in the western and northern regions of the country. This impacted the demand for wire rope.

Rajeev Jhawar Usha Martin expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, he said. He also forecasts his views on the various stimulus measures taken by the government to enhance the growth of the economy. Rajeev Jhawar stated that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the years to come.

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. “The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50-55 per cent of the installed capacity”, Rajeev Jhawar said. Talking about export demand of Usha Martin, Rajeev Jhawar commended that “the export demand is, however, good and the rupee depreciation is supporting us”. This can conclude that the international business of Usha Martin is fairly decent in these pandemic times.

[trustednewstribune]

Usha Martin Limited to ramp up capacities: Rajeev Jhawar Usha Martin confirms growth in international business

Previous year proved to be most challenging in living memory as COVID-19 brought economies and businesses to a grinding halt. India was hit hard by the pandemic. Usha Martin Limited expects the Indian economy to rebound on the back of pent-up demand across sectors. Rajeev Jhawar, Managing Director of Usha Martin Limited hopes that Reserve Bank of India’s (RBI) monetary stimulus and the Government of India’s fiscal measures will bring the economy back to a sustainable positive territory. He believes that the substantial budgetary outlay on infrastructure by Government of India will augur well for their business.

Rajeev Jhawar expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar said. There should be a pick-up in demand during the festival season post-September-October, by which time the company hope that the Covid situation would also be brought slightly under control. He also forecasts his views on the various stimulus measures taken by the government to enhance the growth of the economy.

While the demand for wire rope has been fairly decent in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic, Rajeev Jhawar said. The reverse migration of labourers had affected industries such as construction, particularly in the western and northern regions of the country. This impacted the demand for wire rope.

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. “The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50–55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting us,” Rajeev Jhawar Usha Martin said. The company is hopeful of ramping up capacities by the second half of this fiscal once the Covid situation is brought under control and the domestic demand starts picking up.

Usha Martin Limited also expects to gain momentum in their international business as most countries where they are present have returned to near normalcy. Talking about exports, Rajeev Jhawar said the demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia. Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020.

Global demand for the oil and offshore market saw improvement during the FY20–21 which in turn boosted the demand for speciality rope products of the company catering to the said sector. According to Rajeev Jhawar, it is expected that the demand from the said sector shall sustain in the next fiscal and is expected to provide business opportunities to the company. Further Rajeev Jhawar also states that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the years to come.

Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200–4,600 crore, completed the first full year of operations of its wire rope business in FY20. Through the strategic move of selling UML’s steel division to Tata Steel, Rajeev Jhawar helped the company in enabling them to significantly de-leverage their balance sheet and free up critical cash pool, which they could invest in their profitable and sustainable wire rope business. The result of such divestment resulted in enhanced fiscal stability and allowed Usha Martin to focus primarily on their core business.

Usha Martin Limited has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi, Jharkhand and Hoshiarpur, Punjab and three overseas units in the UK, Thailand and Dubai. The company recorded a consolidated revenue of Rs. 2,097.28 crore, compared to Rs. 2,153.82 crore in FY19–20. UML’s consolidated EBITDA stood at Rs. 312.56 crore in FY20–21 compared to Rs. 284.96 crore in the previous year. Despite the shrinkage in revenue, there was a marked improvement in the EBITDA margin from 13.23% to 14.90%. During the year, Usha Martin Limited had adequate working capital and liquidity, which ensured that their operations went on smoothly.

Enrichment of product mix will continue to be a key value driver for Usha Martin Limited, by gradually reducing dependence on low-contributory items and increasing focus on value-added products. According to Rajeev Jhawar, the company will take concerted effort on maintaining fiscal solidity with focused capital expenditure. Usha Martin is planning to continue to place greater emphasis on implementing digitalization across the organization.

Usha Martin, under the guidance of Rajeev Jhawar have been able to solidify their leadership position through the delivery of industry-leading quality products across our state-of-the-art manufacturing facilities. “Through leveraging the capabilities of our R&D facilities in Italy and India, we are constantly striving to enhance manufacturing efficiencies and quality of our products”, Rajeev Jhawar says. The company always strives to improve the quality of their products to enhance value for customers. Leveraging the capabilities of R&D facilities in Italy and India and modifying the designs of their products based on geographies and needs of the customers are carried out. Rajeev Jhawar also ensures that the company work closely with their R&D centres to enhance daily manufacturing efficiencies.

Usha Martin Limited with the leadership of Rajeev Jhawar, continues to follow stringent safety protocols to ensure wellbeing of its employees and is in continuous process of dynamically adopting to the ever changing global and domestic macro-economic environment as and when the same is required in these post — pandemic times.

[rajeevjhawarushamartin]

Demand Post Monsoon Rajeev Jhawar Usha Martin

Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in construction and auto sectors, to start picking up post monsoon.

According to Rajeev Jhawar, Managing Director, UML, the various measures announced by the Central government to boost the economy are likely to start yielding results post monsoon.

“We expect post monsoon things should be better. There should be a pick-up in demand during the festival season post September-October, by which time we hope that the Covid situation would also be brought slightly under control,” Rajeev Jhawar told BusinessLine .

While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic, Rajeev Jhawar said.

The reverse migration of labourers had affected industries such as construction, particularly in the western and northern regions of the country. This impacted the demand for wire rope.

Ramping up capacities Rajeev Jhawar(Usha Martin):

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto.

“The demand from construction, auto and oil sectors is down. Our plant is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting us,” Rajeev Jhawar said.

The company is hopeful of ramping up capacities by the second half of this fiscal once the Covid situation is brought under control and the domestic demand starts picking up.

UML has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi (Jharkhand) and Hoshiarpur (Punjab) — and three overseas units in the UK, Thailand and Dubai.

Talking about exports, he said the demand for wire rope has been “fairly decent”, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia.

Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020.

Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200-4,600 crore, completed the first full year of operations of its wire rope business in FY20.

The loss in production following the lockdown and subsequent weak demand are likely to impact its topline in FY21. However, the various cost reduction measures undertaken by the company would help it achieve break even or marginal profits by the end of this fiscal, Rajeev Jhawar said.

[rajeevjhawarushamartin]

Rajeev Jhawar Claims a Strong International Demand for Wire Rope even During the Pandemic.

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. Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2018, and in the three decades that he has been at the helm of the Usha Martin Group. According to Rajeev Jhawar, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon of 2020.

Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in the construction and auto sectors, to start picking up post-monsoon. According to Rajeev Jhawar, Managing Director, UML, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon.

According to Mr.  Rajeev Jhawar , they expect post-monsoon things should be better. There should be a pick-up in demand during the festival season post-September-October, by which time they hope that the Covid situation would also be brought slightly under control.The economy was badly struck by the pandemic and lockdown. But the stimulus package by the government and the lifting of restrictions post lockdown shows a sign of fresh growth, says Rajeev Jhawar.

While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic, he added. The reverse migration of labourers had affected industries such as construction, particularly in the western and northern regions of the country. This impacted the demand for wire rope.

UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. Rajeev says that the demand from the construction, auto and oil sectors is down. Their plant has reduced its manufacturing and is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting UML.

The company is hopeful of ramping up capacities by the second half of this fiscal once the Covid situation is brought under control and the domestic demand starts picking up. Rajeev Jhawar says that they have a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi (Jharkhand) and Hoshiarpur (Punjab) — and three overseas units in the UK, Thailand and Dubai. Talking about exports, Rajeev Jhawar said the demand for wire rope has been “fairly decent”, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia.