India's Fastest Growing Companies ; Our Annual Listing of India Inc's Top Sprinters.
Linked as:
Summary
India's Fastest Growing Large Companies
Companies with revenues in excess of Rs 1,500 crore that grew the fastest in 2006.See the full content of this document
Extract
India's Fastest Growing Companies ; Our Annual Listing of India Inc's Top Sprinters.
FASTEST GROWING LARGE COMPANIES
Hindustan ZincWelspun Gujarat Stahl RohrenUnitechPantaloon Retail (India)UltraTech CementGujarat Ambuja CementsNagarjuna Construction Co.Aurobindo PharmaHindalco IndustriesUnited Spirits1. Hindustan ZincThe former PSU's burgeoning profits would have you believe that what it churns out is not zinc, but cash.Critics of disinvestment, eat your heart out. Public sector units (PSUs) are indeed better off in private hands. Want proof? Just take a look at Hindustan Zinc. Back in April 2002, when Anil Agarwal- controlled Vedanta Resources took over the state-owned enterprise, it had a net profit of Rs 68 crore and revenues of Rs 1,929 crore. In 2005-06, Hindustan Zinc reported a bottom line of Rs 1,472.5 crore and a topline of Rs 4,327 crore, and for the nine months ended December 31, 2006, the former psu cranked up net profit to a staggering Rs 3,507 crore, and revenues to Rs 6,531 crore. No doubt, the boom in commodity prices has helped the company, but there's more to its stunning growth story. "We were quick to exploit the best resources and unlock the true potential of our mines, which are among the best in the world," says Agarwal, Chairman, Vedanta, adding that increasing operational efficiency and giving a free hand and more responsibility to employees has raised productivity. The company is currently the third largest producer of zinc in the world but also produces lead, 100 tonnes of silver and is the biggest producer of sulphuric acid in India. Agarwal's ambition: To be the world's biggest and lowest-cost producer of zinc. "By 2010, we should be producing one million tonnes (from 4 lakh tonnes currently) of zinc and lead," he says. With per capita zinc consumption already at double digits, and demand growing at almost 4 per cent a year in India, Hindustan Zinc's glittering performance may well be here to stay.-Mahesh Nayak2. Welspun Gujarat Stahl RohrenThis oil and gas ...See the full content of this document
Sponsored links
