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Home > Businesses > Steel > In focus

Volvo Eicher Award for Essar Steel

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May 18, 2017 Bookmark and Share  
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Essar Steel has bagged the Best Supplier award from Volvo-Eicher Commercial Vehicles (VECV) for the second year in a row.

Volvo Eicher Award for Essar Steel

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."

 
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