Review of Operations

Performance Landmarks at Other Divisions

Various Divisions of the Indian Operations achieved significant performance landmarks. The Agrico division achieved its highest ever gross turnover of Rs. 116 crores in FY 09. This division expanded its product offerings by launching 3 other new products (axe, rotavator blade, chaff cutter) and 21 new variants in the existing product categories. It also extended its footprint in the Gulf countries by exporting to Oman. The Tubes division entered the hi-tech segment with the successful ommissioning of its hydroforming line and commencement of supply of tubular hydroformed engine cradle for the Tata Nano cars. The division has also developed telescopic front fork for motorcycles. The Ferro Alloys & Mineral Division achieved its highest ever load factor of 90 as compared to 88 in previous year. LOW PHOS (0.018-0.020%) and LOW Titanium (0.20% MAX) ferro chrome were produced and dispatched to customers like SMI and Hitachi.