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Sri Moyukh Bhaduri, takes over Charge as Chairman-cum-Managing Director (CMD) of Hindustan Steelworks Construction Limited from 12th June, 2013. He was holding the additional charge of the post of Chairman & Managing Director along with being Director (Finance) so far.
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Sri B. Siddhartha Kumar has taken over the additional charge as Chief Vigilance Officer in HSCL on 14.5.2013.
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In persuasion of further computerization of business process, system of issuance of payslip through e-mail has been introduced from the month of January, 2013.
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HSCL is all set to enter into mining projects as Mine Developer and Operator (MDO). Tie up with one of the expert agencies has been concluded for business cooperation in this field. Some more tie up proposals are also under consideration.
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The Company is planning to enter into Coal & Coke trading business also in the near future.
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HSCL was rated ‘Very Good’ by DPE in the MOU assessment for the Year 2011-12. In Corporate Governance HSCL was rated “Excellent” by DPE.
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HSCL scales greater heights in all the performance parameters during 2011-12.
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The Annual Accounts for 2011-12 was adopted in the 48th Annual General Meeting on 29.09.2012.
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The company reported a top line growth of 21.27% during 2011-12 with a total income of Rs.1208.23 Cr. against Rs. 996.30 Crore achieved during 2010-11.
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The operational profit went up by 16.13% to Rs. 82.70 Crore in 2011-12 as against Rs 71.21 Crore in 2010-11.
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The market share of the Company also improved by about 4% with orders worth Rs.1899 Cr. booked in steel as well as in infrastructure sectors all over the country.
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Earning per employee increased by a whopping 75.94% from Rs.1.33 Crore to Rs.2.34 Crore, depicting much more cost effective business operations of the Company during the year.
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Growth Rates over the last 6 years from 2005-06 have been much higher compared with the overall industry growth rate of the country. The registered Growth Rates are Turnover : CAGR 22.94%, Order Booking : CAGR 28.08%, Operational Profit : CAGR 17.79% and Earning per Employee : CAGR 51.00%.
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Hon’ble Secretary (Steel) Sri D.R.S.Chaudhary inaugurated HSCL’s new Business Brochure at Udyog Bhawan on 27.6.2012.
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Hon’ble Minister of Steel inaugurated HSCL’s pavilion at the International Trade Fair ,2012 at Pragati Maidan.
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A Note on Integrity Pact Annual Review and Vendors Meet-2012 of HSCL was held on 30th December,2012 at Bhilai.
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HSCL released a CD to commemorate the 150th Birth Anniversary of Swami Vivekananda. The CD contains 10 favourite songs of Swami Vivekananda.
