A surging dollar has encouraged PSUs to target higher exports this year. For example, aluminium major Nalco, which ranked third in forex earnings last year, has planned a 40% increase in its exports this year, which should fetch it $400 million at current prices. Another PSU, Sail, has targeted to double its export earnings to R2,500 crore ($384 million). Now the question is, with Sail setting the forex target so close to Nalco’s, will the latter be able to retain its ranking? The stakes, as they say, are high for Nalco chairman Ansuman Das this time.
Something to coo
At a time when it is facing a squeeze in order flows, Bhel has some thing to cheer about. It has bagged the ICAI excellence award for this year, for the eight consecutive time. Will a tight leash on costs help Bhel ride out the market storm? It?s hoped that good habits pay off.