Essar Steel has bagged the Best Supplier award from Volvo-Eicher Commercial Vehicles (VECV) for the second year in a row.
Essar Steel was the only steel company to receive this award at VECV's Annual Suppliers' Meet, which was attended by over 950 suppliers to VECV. Mr Vinod Agarwal, CEO & MD, VECV handed over the award to Mr. Ranjan Dhar CMO & Mr V Raghavan Jt GM Marketing at a glittering ceremony in Indore.
The award citation said Essar Steel was "A company which we can rely on for flexibility and speed of product development".
A trusted supplier to VECV for over a decade, Essar Steel currently supplies over 85% of the company's steel requirement. Realising the potential of the business, Essar Steel set up a Steel Processing Centre close to the VECV plant at Indore. The Company produced 55,000 vehicles last year and grew at 12% year-on-year, against an industry average of 4%. It targets to reach a production of 100,000 vehicles in the next three years!
?Ranjan Dhar, CMO, Hazira Asset, said - "We realized the potential of VECV much before they achieved leadership position in commercial vehicles. Essar Steel was the 1st company to invest in a service centre in Indore. We are happy that our belief in VECV's growth was rightly placed."