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UTTAM GALVA STEELS

The visionary in Mr. Rajinder Miglani saw this necessity and pioneered the Company Uttam Galva Steels Limited in 1985. The CR Steel Galvanizing line at Khopoli, near Mumbai has turned into one of the largest producers of CRCA and Galvanized Steel in India. Uttam has crossed several milestones in its journey from a small beginning with 30,000 MT per year of galvanizing capacity in the year 1985 to more than 750,000 MT per year capacity for galvanizing today. It has gone for backward integration to cold rolling of steel and also for down-stream value addition such as colour-coated products etc. With two hundred and fifty acres of land and more than 100 000 sq. meters of covered shed, Uttam Galva Steel plant is tucked between a hillock and a large lake in the beautiful surroundings of Western Region of India, near Kohopoli, which is 100 KMs away from the city of Mumbai, India.The plant has facility of cold rolling HR coils, with a capacity of 1,000, 000 Tons/Year and Galvanizing of 750000 Tons/Year. It does additional value addition of color coating on CR or Galvanized coil. All these facilities are also supported by a service center, which tailor makes the coils to customer requirements by slitting & cutting and by delivering sheets/ coils to customer specifications. Consistency in Quality is the Hallmark of UGSL supplies to its customers. By freezing the process parameters for each grade of steel and taking into consideration end use application of each customer, UGSL ensures that the customer gets the quality what he requires in a consistent manner. In the Domestic markets Uttam supplies to highly quality conscious Auto Sector. Auto Majors like Mahindra & Mahindra both Auto & Tractor divisions, Bajaj Auto, Bajaj Tempo, Piaggio TATA Motors, etc are in our client list. IF Steel, High Strength Steel , Extra Deep Drawn grades are some of the value added products regularly supplied in this segment. Our White Goods Appliance Clientele includes Godrej, Daewoo Anchor etc. wherein

spain. Semi-processed steel etc. . Medium Carbon Steel. Washing Machines are supplied in DD. Government of India. Canada. Atmospheric corrosion resistant steel (Corten) Semi. Japan. Galvanized hard and soft quality. China etc. Uttam also exports Medium Carbon.45097 millions (US $ 876. Uttam's focus today is mainly on export markets and presently exports more than 50% of its prime production to over 142 countries worldwide. This has led to consistency in quality becoming its hallmark. More than 70% of Uttam's products are exported to over 142 Countries worldwide. 000 MT. Annealing capacity of 1. Larsen & Turbro. to over 142 countries that includes developed countries liked USA. Kirloskar Copeland etc. Italy.Skin Panels of White Goods like Refrigerators.80. Our Colour Coated Steels are also under trials in this segment Uttam's major customers in the Engineering & Electrical segment comprises of Bharat Heavy Electricals (BHEL). to one country that is Myanmar in September 1996 Uttam's export crossed the one million tons mark. 70% of our finished steel production is being exported. Greece.23456 millions ( US $ 456 millions) during the financial year 2008. Uttam has won the Award for Export Excellence for 13consecutive years from Engineering Export Promotion Council. S. The Company's turnover crossed over Rs. Australia. With established name in CR and GP products. UK. EDD and GP Skin passed steel. France. Belgium.With first ever exports by UGSL of INR 75 Million (100 MT) in 1996. Uttam has always strived to make its products accepted globally. Some of the achievements over the years are:Capacity to roll a million ton of cold rolled steel. Underlining its emphasis on export.processed electrical steel for Electrical Stampings are sold in this segment. Compoton Greaves.50. 000 MT of cold rolled close annealed Colour-coating capacity of 90. America and Far East Asian countries.000 tons. and developing countries like Africa. today Uttam are ready with Colour coated steel products for the world market. In CRCA over and above the normal D and EDD grades.09. products. Ministry of Commerce.5 millions) while exports was Rs. Germany. Currently Uttam exports CR Full Hard. Galvanizing capacity of 7.

approving with or without modifications. “ To become world’s favoured flat steel products brand.” Mission “To consistently provide quality products ensuring consumer delight” values INTEGRITY.The Company is accredited with ISO 9001.  Uttam Galva Bags Award for „Export Excellence‟ from EEPC For 12th Consecutive Year Witnesses Increase in Production Year on Year.from 2009. (All capacities indicate annual production.Ethical business practice with all stake holders In news . the proposed Scheme of Arrangement between Shree Uttam Steel and Power Limited and Uttam Galva Steels Limited.Honouring all commitments VALUE OF TIME – Business at supersonic speed ETHICS.2000 and TS 16949/2002 certification. for the purpose of considering and if thought fit. “There is room for . since domestic prices were below global prices. the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on June 6th 2009. Is the Highest Exporter of Galvanized Steel to the US  Uttam Galva Steels Limited has announced that pursuant to an Order made on April 24th 2009.) Vision.  September 2009 On the back of a recent steel price increase Uttam Galva were looking at raising rates by the next quarter.

01% YoY to INR 109.”  Uttam Galva Steels has reported a phenomenon drop in standalone net profit for the quarter ended December 2009.” . From roofs to furniture to cars. Mr Miglani said that “Rural demand has remained firm over the past several months.equalization and Rs 500 to Rs 1.000 increase is not unreasonable over the next few months. Net sales for the quarter declined by 99. the profit of the company declined by 96. Germany. In the domestic market the company supplies various steel products to the automobile. when compared with the prior year period. France. white goods.01% YoY to INR 109 million.During the quarter. despite the continued slowdown in the US and Europe. increase production by 25% in the next financial year to meet domestic demand from carmakers and builders of rural homes.  The year 2009 seemed to have ended well for the Indian metals industry. which saw quite a number of deals being executed. general engineering and construction industries.21 million. Greece.73 million from INR 53.  Mr Ankit Miglani director of Uttam Galva said that output will rise to 1 million tonnes in the year ending March 31st 2011 from 800. Mr Ankit Miglani director commercial of UGSL said “This assumes greater significance in light of the fact that these exports are not for generic products but for high end products tailor made to a customer‟s specific requirement. UK and the US.000 tonnes in the current fiscal year. He added that annual sales in India is growing as much as 19%. Going ahead we will continue to increase our volumes year on year and focus of value addition. while total income for the quarter fell by 99.  Hindustan Times reported that Uttam Galva Steels Limited crossed the 3 million tonne mark in the export of value added steel.” UGSL currently exports its products to 142 countries including Australia.70 million in the same quarter last year. the usage of galvanized steel has increased.78% YoY to INR 1.

50% of cement and 40% of steel within the country.''The Indian Railway moves 68% of coal. especially since fuel costs have come down. Operating profit for December 2008 quarter increased to INR 76.15 million for the same quarter last year.”  TOI reported that with freight rates remaining untouched in the Interim Railway Budget. I am not going to take the lead. 64% of iron ore. up by 89% compared to INR 582.69 crore while sales volume increased by 50% as compared to the corresponding quarter of the previous year. with the recent reduction in diesel prices.75 crore for the same period last year.Mr Ankit Miglani director commercial .99 crore as against INR 71. We were hoping that there would be a rollback.Production for December 2008. Mr Ankit Miglani director commercial of UGSL told Reuters that the secondary steel maker will however wait for bigger players to take the lead.''Mr Seshagiri Rao director finance of JSW Steel said that the industry however is disappointed with no rollback of the freight rate hike which was announced last year. Reuters reported that Uttam Galva Steels Ltd sees room to raise prices by INR 500 to INR 1. He said that "Freight rates coal and coke were increased by 8. That is what is making it difficult adding the restrictions on the import of hot rolled coil are also putting pressure. given the current environment where industrial production is lower and volumes are also low. especially for sectors like steel and iron ore. However. there have been no direct benefits to India Inc. It sales for the quarter increased to INR 1102. He said that "Honestly. I am waiting for the others to raise.59 million from 1. especially for the steel and iron ore sector. railways is expected to lose out to road traffic  It is reported that Uttam Galva Steels Ltd has recorded an impressive performance for the quarter ended December 31st 2008. quarter increased by 38% to 1. It's going to be a very challenging year.5% recently.” Mr Miglani said that "The demand has not gone up but there has been capacity shut down.50 crore.The report quoted Mr Ankit Miglani director commercial of Uttam Galva Steels as saying that "Development of freight networks is conducive for long term business plans because logistics is an issue in the country.000 a tonne as low production and a restriction on imports of hot-rolled coil was putting pressure on prices.

”  Uttam Galva Steels Limited announced that the board of directors of the company at their meeting held on January 31st 2009 has approved the Scheme of Arrangement demerger of power division of the company.of Uttam Galva Steels Ltd said that “The steep downslide in global steel prices has resulted in losses due to high priced inventories which have affected margins. Narayan S Datar Director Director Shri Pandurang G Kakodkar Director Shri S. We have liquidated most of such inventory stock in this quarter and the same is reflected in our results. Lalita Sharma Director (Nominee of IDBI Bank Ltd) Anuj miglani managing director Ankit migani director commercial Ashok kumar mahendru( director sales and marketing) .Talwar Director Shri Shirish T. the company‟s shareholders and creditors / lenders Organisation structure Shri Rajinder Miglani Chairman & Managing Director Shri Praveen Miglani Director Dr. UGSL has achieved success internationally resulting in it being the recipient of the highest export awards for 13 successive years. As per report the company will demerge the power business from the company into separate entity subject to approval of the stock exchanges. Swarna Prabha Director (Nominee ofLIC) Smt.P. Parikh Director Smt. Sharat G Tudekar Director works As a result of dedicated efforts.UGSL achieved a double distinction. By receiving the Maharashtra State Award for Excellence in Exports for the year 2006-2007. The next quarter should see normalization of margins. .

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