BNET Industries
Last Fiscal Year Sales:$643.0M
- Public
- IN
Dow Jones Description
Started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a Rs. 3000 crore conglomerate with a global presence. 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. With continuous growth in both the domestic and international markets, Usha Martin, the Group's flagship company has emerged as India's largest and the world's Second largest steel wire rope manufacturer.
Number of Employees 3,500
Peer Companies
NAICS Code Steel Wire Drawing: 331222
Recent Events
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Usha Martin reports 50% drop in net profit
News & Analysis
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usha martin ltd. - All News and Analysis
INDIA: Construction plans for proposed $60,000,000 bright bar manufacturing plant, USHA MARTIN LTD. (UML) [India] Order #: 113006.
- 2006-11-01
PROJECT OVERVIEW: The growing requirements of the automobile industry in the southern Indian region have prompted the local USHA MARTIN LTD. UML to build a bright bar manufacturing plant in Chennai. In so doing, the company has acquired land for the development. ...
INDIA: Construction plans for proposed $104,000,000 plant expansion and mining projects, USHA MARTIN LTD. (UML) [India] Order #: 064406.
- 2006-06-01
PROJECT OVERVIEW The local USHA MARTIN LTD. UML is currently gearing-up to invest $104,000,000 in India over the next 2 years in order to expand its operations. According to Dr. P. Bhattacharya, UML Joint Managing Director, his company is planning to invest: -...
Essar acquires Usha Martin's stake in Hutch Essar.(Essar Teleholdings Ltd.)(Brief Article)
- 2005-07-01
Essar Teleholdings Ltd. ETHL exercised its buy option and acquired Usha Martin Telematics' 3.43 percent stake in Hutchison Essar for $61.24 million (Rs 2,670 million). Essar group's stake in Hutchison Essar with this acquisition has jumped to 30.42 percent from 26.99 percent. Kotak and Hutchison together...
Essar acquires Usha Martin's stake in Hutch Essar.(Essar Teleholdings Ltd.)(Brief Article)
- 2005-07-01
Essar Teleholdings Ltd. ETHL exercised its buy option and acquired Usha Martin Telematics' 3.43 percent stake in Hutchison Essar for $61.24 million (Rs 2,670 million). Essar group's stake in Hutchison Essar with this acquisition has jumped to 30.42 percent from 26.99 percent. Kotak and Hutchison together...
Usha Martin Q3 profit vaults 207% to Rs 9 crore.
- 2005-01-29
Jan. 29--KOLKATA, India -- Usha Martin on Friday reported a 207 percent rise in net profit to Rs 9.02 crore for the third-quarter ended December 31, '04, compared to a Rs 2.9 crore net in the earlier corresponding period. The higher Q3 net profit...
Hutch to buy Usha Martin stake. (Financial).(Brief Article)
- 2003-03-01
Foreign Investment Promotion Board FIPB has approved Hutchison Telecom's proposal to buy out (through its subsidiary Asian Telecom Investments [Mauritius] - ATIM) stake owned by Telekom Malaysia Berhad in Kolkata's cellular service operator Usha Martin Telekom. The FJPB had earlier asked Reserve Bank of India RBI...
Hutch to buy Usha Martin stake. (Financial).(Brief Article)
- 2003-03-01
Foreign Investment Promotion Board FIPB has approved Hutchison Telecom's proposal to buy out (through its subsidiary Asian Telecom Investments [Mauritius] - ATIM) stake owned by Telekom Malaysia Berhad in Kolkata's cellular service operator Usha Martin Telekom. The FJPB had earlier asked Reserve Bank of India RBI...
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