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No indications of US market slowing down due to tariff: TVS SCS MD

No indications of US market slowing down due to tariff: TVS SCS MD

The tally of our Fortune 500 customers increased from 78 to 91 in the last one year, Ravi Viswanathan said
Shine Jacob Chennai
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TVS Supply Chain Solutions (TVS SCS), one of the largest integrated supply chain solution providers in India, is on a wait-and-watch mode after the US tariff announcement, as the North American market contributes a considerable share of its revenue. Managing Director Ravi Viswanathan speaks to Shine Jacob about the geopolitical crisis in West Asia, the company's US market strategy, and on alternative supply chains, in a virtual interaction with Shine Jacob.
Your revenue is almost touching ₹10,000 crore. What's your outlook regarding revenue growth?
What is most exciting is the quality of customers we are adding. The tally of our

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'You can't fight a war without American steel': US declares economic war on Canada, the ally that armed it in WWII with steel
'You can't fight a war without American steel': US declares economic war on Canada, the ally that armed it in WWII with steel

Time of India

time2 hours ago

  • Time of India

'You can't fight a war without American steel': US declares economic war on Canada, the ally that armed it in WWII with steel

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The United States has doubled its protectionist stance by increasing tariffs on imported steel and aluminum to 50%, which has alarmed Canadian producers and raised concerns across North American supply chains. The decision, signed by US President Donald Trump and effective June 5, is already being felt sharply in Canada , the largest steel exporter to the Commerce Secretary Howard Lutnick defended the tariff hike during testimony before the Senate Appropriations Committee on Wednesday, June gave national security as the primary rationale behind the decision and said, 'You can't fight a war without steel and aluminum production in America,'. 'If you don't have the ability to make your own steel and aluminum, you can't fight a war, and that is what the president's doing. He's trying to make sure that we make sufficient steel and aluminum to protect our defence.'However, the move has triggered backlash, particularly from Democratic Senator Jeanne Shaheen of New Hampshire, who questioned whether the Pentagon had been consulted and raised concerns about long lead times and reduced access to key cited a ball bearing manufacturer in her state that relies heavily on Canadian and Indo-Pacific steel suppliers, noting that lead times for materials had jumped from 20 weeks to more than two downplayed the access issue, calling it a 'cost issue,' not a supply crisis. When Shaheen pushed back, highlighting the real-world production delays faced by US companies, Lutnick insisted that tariffs were monetary and not equivalent to steel and aluminum producers, however, are warning of significant damage. Catherine Cobden, President and CEO of the Canadian Steel Producers Association, said the tariff hike is 'creating chaos and disruption throughout North American supply chains and delivering a crushing blow to the Canadian steel industry.'Cobden noted that even at the previous 25% tariff rate, Canada experienced layoffs, lost investments, and a drop in US shipments. 'At a 50 per cent tariff rate, the US market is effectively closed to Canadian steel, and will leave billions of dollars of Canadian steel without a market,' she and his administration have justified the tariff hike by arguing that relying on foreign steel, especially from China, poses a national security risk. White House economic advisor Kevin Hassett warned that countries like China are 'dumping' steel to dominate global production and prepare for potential military has long been a critical supplier of steel and aluminum to the US, particularly for the defense and aerospace sectors. Canadian materials have supported American military manufacturing from World War II through modern conflicts. To counter the latest tariffs, the Carney administration has pledged to increase domestic defense production using Canadian steel and aluminum to reduce reliance on the US and support local these dynamic trade tensions, the ripple effects of Trump's tariff policy are felt in Canadian and US industries, which depend on steady, affordable access to raw materials. The debate over economic security versus national defense is far from over.

KEC International shares in focus after securing orders worth Rs 2,211 crore
KEC International shares in focus after securing orders worth Rs 2,211 crore

Time of India

time8 hours ago

  • Time of India

KEC International shares in focus after securing orders worth Rs 2,211 crore

KEC International, the RPG Group's infrastructure arm, secured fresh orders worth Rs 2,211 crore across multiple segments, including Transmission & Distribution, Oil & Gas Pipelines, and Cables. With a strong international order book and a 40% year-to-date growth in orders, analysts maintain a 'Buy' rating with a target price of Rs 972, indicating 10% upside from current levels. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads KEC International shares target price KEC International shares performance Shares of KEC International , the RPG Group 's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth Rs 2,211 crore across multiple business to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the the Cables business secured orders for the supply of various types of cables in India and overseas."The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us."Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs 4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG per Trendlyne data, the average target price of the stock is Rs 972, which shows an upside of 10% from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'.On Wednesday, KEC International shares closed at Rs 880.4, up 1.2% on the BSE, while the benchmark Sensex surged 0.32%. The stock has declined 27% year-to-date but gained 26% in the last three months. The company's market capitalisation stands at Rs 23,437 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

KEC International shares in focus after securing orders worth Rs 2,211 crore
KEC International shares in focus after securing orders worth Rs 2,211 crore

Economic Times

time8 hours ago

  • Economic Times

KEC International shares in focus after securing orders worth Rs 2,211 crore

KEC International is a global EPC company operating in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. Synopsis KEC International, the RPG Group's infrastructure arm, secured fresh orders worth Rs 2,211 crore across multiple segments, including Transmission & Distribution, Oil & Gas Pipelines, and Cables. With a strong international order book and a 40% year-to-date growth in orders, analysts maintain a 'Buy' rating with a target price of Rs 972, indicating 10% upside from current levels. Shares of KEC International, the RPG Group's infrastructure arm, will be in focus on Thursday after the company announced fresh orders worth Rs 2,211 crore across multiple business segments. ADVERTISEMENT According to the company, the Transmission & Distribution (T&D) segment has bagged key orders in the Middle East and the Americas. These include the design, supply, and installation of 380 kV overhead transmission lines in Saudi Arabia, along with the supply of towers, hardware, and poles in the Americas. The Oil & Gas Pipelines business has received its second international order for terminal station works in Africa, supplementing its ongoing pipeline-laying project in the region. Meanwhile, the Cables business secured orders for the supply of various types of cables in India and overseas."The large order wins in Saudi Arabia have further strengthened our international T&D order book. These wins reaffirm the Middle East and North Africa (MENA) region's strategic importance as a key growth driver for us."Our subsidiary, SAE Towers, has secured a significant tower supply order in Mexico, reflecting an uptick in the North American T&D market. With these orders, our YTD order intake stands at over Rs 4,200 crores, a robust growth of 40 per cent vis-a-vis last year," Vimal Kejriwal, MD & CEO, KEC International, said. ADVERTISEMENT Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments KEC International is a global EPC (Engineering, Procurement, and Construction) company with operations in Power T&D, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. It operates in over 110 countries, including through the supply of towers and cables. It is the flagship company of the RPG Group. ADVERTISEMENT Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months As per Trendlyne data, the average target price of the stock is Rs 972, which shows an upside of 10% from the current market prices. The consensus recommendation from 24 analysts for the stock is a 'Buy'. ADVERTISEMENT Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 On Wednesday, KEC International shares closed at Rs 880.4, up 1.2% on the BSE, while the benchmark Sensex surged 0.32%. The stock has declined 27% year-to-date but gained 26% in the last three months. The company's market capitalisation stands at Rs 23,437 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

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