8/8/2019 Financial Health of Idcol Group of Companies
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FINANCIAL HEALTH OF IDCOL GROUP OF COMPANIES(Rs in MIO)
IDCOL SUBSIDIARIES TOTALPaid up share capital 565 1050 1615Turn
over 2000 1500 3500Gross Fixed Assets 1500 3000 4500VISION
The IDCOL group of companies presently a Rs.4000 MIO
congolomerates engaged in diverse activities plan to achieve a
group turn over of Rs.20000 MIO by next 10 (ten) years a 5 fold
rise from present level. To achieve the ambitious target,efforts
are on to integrate itself with expanding global economy. Steps for
transformation include multifarious Foreign andprivate investment
in the form of equity and loan to restructure the units by
repayment of high cost borrowings, optimumcapacity utilisation and
capital investment for modernisation.
CORPORATE PLAN
Lower Govt. Spending in infrasturucture, recession in steel
industry, effect of South East Asia etc. in general and recessionin
steel and cement industry in particular have resulted in poor
performance of the Corporation during last 3/4 years. In
order to overcome the slump in business cycle, Corporation seeks
long term financing for gearing its, activity e.g.:
Funding infrastructure projects in the State to augment economic
development by improving activity of HIWL engaged infabrication and
stringing of transmission line towers for power sector.
Adding momentum to the operation of newly commissioned Cement
Plant with latest technology struggling under high
borrowing, and insufficient working fund for operation and
capital expenditure.
Modernisation / Expansion / Diversification of existing units
with technological upgradation taking up production of valueadded
items such as special castings for automobile industries,
production of D.I. Pipe, Ferro alloys, Stainless steel etc.
In areas such as power generation & transmissionInformation
technology, Software developmentAgrobased industries such as jute
products, Cotton Spinning etc.
MANAGEMENT
Management of the Corporation rests with Board of Directors
consisting of senior beurocrats from the State and CentralGovt.
Professionals on different disciplines from some private and public
sector. Presently Chief Secretary is the Chairman
of the Corporation and senior Beurocrat is the Managing
Director.PRODUCT CAPACITY
Pig Iron - 1,66,000 MT
Cast Iron Spun Pipe - 24,000 MT
High Carbon Ferro Chrome - 18,000 MT
Rolled Products - 18,000 MT
PSC Cement - 9,60,000 MT
AAC, ACSR Conductors - 5000 MT
Sodium Dichromate - 3300 MT
Cotton & Synthetic Yarn - 75000 Spindles
High tensile fastners - 3000 MT
