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FOR FURTHER DETAILS CONTACT

Sutirtha Roy- +91 -9879019880,Korak Basu - +91-9874249448

• Wou ld the present over cautious businessapproach lead to a shortfall in supply of rawmateria ls in future?

Global Steel 2013, the last edition of theevent, saw an august gathering of more than200 delegates. The two-day conference basedon the theme ‘Growing on Steel’, was attendedby top names from the steel and steel makingraw materia l world.

Apart from stalwarts from the entire gamutof steel making and allied industries likeprimary and secondary producers, coke makersand iron ore producers, shipp ing experts,tec hnology supp liers etc, entrepreneurslooking for new ventures, diversificationopportunities / / joint ventures, dea lers/endusers, leading consultants and nodal agenciesare regular partici pants in Global Steel.International delegates and merchant bankersfrom Australia , NewZea land, Singapore, HongKong, the UK, Belgium, the US, Canada,Germany, Brazi l, Ukraine, Switzer land, Iran,Oman, UAE, and China have attended past

editions of the event and are sure to be presentthis year too. An impressive line-up ofspeakers, an innovative panel discussionmodel and amp le networking options add tothe usefulness of the event. Block your datefor this uni que con fluence of Indian andglobal steel makers and steel making rawmateria l supp liers.

T he steel industry in India is expectedto grow at around 70/0 per annum,fee l experts. This is higher than the

rate at which it has grown in the lastfinancia l year. The recent reformsannounced by the government as well asthe expected monetary policy easing to beannounced by the RBI may play theacce lerator for growth in the steelindustry. The lifting of the iron-ore bandown south will also help in this regard.The US economy is showing early signs ofrecovery. Though China ’s overcapacity andsluggish demand remains a cause of

concern, the general feeling is that thestee l industry will turn around in 2013-14.

Against this backd rop, Gujarat NRE andThe Economic Times present GlobalSteel 2014, the 9th internationalconference on steel and steel makingraw materials , from February 13-15 ,2014 at Taj Palace Hote l in New Delhi.

Global Steel has today become a steelevent of internationa l repute and hassuccessfu lly carved out a niche of its own.This ninth edition of the event at thecapital city is destined to become thestepping stone for India’s steel policy in

the coming years. The event will be aconfluence of Union and state ministers,government officia ls, industry captains,global experts as well as representativesof major steel and related industries fromIndia as well as other parts of the globe.

Global Steel 2014 will primarilyde liberate on the steel outlook in the nearfuture, forecasts and challenges, role ofemerging nations, Indian steel demand,the advent of new technologies, the storyof the steel making raw materials - cokingcoal and iron ore, land issues,environmental implications, infrastructure

and finance requirements in India and therest of the world.

FOCUS AREAS OFGLOBAL STEEL 2014

•Can steel scri pt a global recovery?

• Has the time come to have the batonpassed from China to India?

• How stee l would lead the awakening inemerging markets?

• The shap ing of the commodity marketcycle — — steel making raw materials

• The highs & lows in steel’s relationshi pwith iron ore & coking coal

22, Camac Street , Block- C, 5th Floor,Kolkata - 700016

Ph: ÷ 91-33 -22891471,Fax: +91 -33-22891470

Email : contact@globalsteel.inwww globa!steeiin

m a m m m m m m m a m a . . . . . . a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a •�

next three to four years, expects to touchnearly 90 million tonne in import ofcoking coal from 35 million tonne in2012. Like-wise, in China the steelproduction growth remains a realitydespite the growing shrill of overproduction.

China’s economy is continuing itsexpansion with focus on rural andsemi-urban regions and though any swiftturn of fortunes in the coking coal pricingis ruled out the demand for this rawmateria l is certain to be on the rise.

It is beyond doubt that China & Indiawould be the main drivers of growth anda lso the major competitors for coking coal

in the global market in the next few years.Fortunately, Japan and the US are alsoshowing distinct signs of turnaround.

The behaviour of the coking coalmarket recently and closer to the end of2012 shows that any furt her movementwould be upwards from here since thebottom has alrea dy been reached.

The contract price of coking coal roseto $172 per tonne in Q2 2013 , which was$7 hi gher than the previous quarter. Thecompany believes that though reachinganywhere close to the highs of cokingcoa l price in 2011-12 is a distant dream, itwould, however rise, a lbeit a bit slowlythrough 2013 & 2014.

T he true test of character is how onestands during the test of tough times,since tough times never last, but tough

people do. Gujarat NRE Coke Ltd proved thisby scri pting the road to recovery at a timewhen the steel industry is passing througha challenging phase which has testedthe fortitude of companies across theindustry sector.

A A combination of various factors like thelong drawn global uncertainty, slow down inthe Chinese economy and more so theslothful growth in Indian economy hadresu lted lted in 2012 being one of the difficultyears faced by the industry.

This indeed had an impact on theoperations, but with gritty commitments ,focused execution of plans and a strong &visionary leadershi p, the company managed managed toend the financial year much better than it hadstarted. The company has registered a 10-foldjump in its annua l profit to 30.97 crore in

2012-13 compared to �3.09 crore in 2011-12.

The total sales revenue, which stood at�1713.04 crore , also grew ata notable rate of25°Io in 201 2-13 compared to fl372.18 crorelast year.

Commenting on the results, chairman &managing director, Gujarat NRE Coke Ltd, Aru n

Kumar Jagatram ka said, “The year 2012-13 hasbeen a challenging one. The Indian steelindustry had passed through one of its toughtimes due to low demand, iron ore avai labilityissues and other structural problems relatingto the economy. I am happy happy that Gujarat NREstood strong in this test of times and has beenab le to record a decent result.”

On the future outlook, Jagatramka said,“The iron ore mining permission wouldcertain ly be a breat her for the steel industry insout h India, many of whom are ourcustomers. Increased demand of met cokefrom steel plants in south India would not onlyadd to our sa les revenue but would also have

a positive impact on our operating margin dueto lower freight from our plant in Dharwad. Iexpect the economy to perform better thisyear and the steel consumption and industrialactivity to pick up. The monetary policy easingshould also help the manufacturing sector ’

Jagatram ka further added, “SAIL has beenour major customer in 201 2-13 and continuesto be the same this year as well, as we have

continuous and steady orders from the steelPSU. We have a st rong export focus in additionto serving the domestic market and I amconfident to better the results next year. Ourmine development in Australia is alsoprogressing as per plan and with increasedpremium coking coa l production, we have a

positive outlook on our future performance .”Most of the developing economies are

undergoing demograp hic transition withnear ly 3 billion peop le moving into themiddle-class. India alone, with projected steelproduction of at least 120 million tonne in the

Gujarat NRE in Indi a> Largest independent producer of Metallurgical Coke in India

Met Coke capacity 1.458 MT, being increased to 4 Million Tonnes

> The 1st Indian Company to have exporte d Met Coke fro m India and has acontinuous export order book

> Supplier of coke to some of the most reputed steel makers in India likeSAIL, JSW, JSPL , Kalyani , Kir losk a r, etc .

MA S S

CRITICAL MASSMULTILINK LTD

Gujarat NRE: LookingAhead for a Brighter Future

Gujarat NRE in Australia• The only ASX listed pure play

metallurgical coal pro ducer — — L

• 100% owner of two underground mines

in NSW, Austra lia

NRE No. 1 & NRE Wongawi l li ‘1 J �f’• JORC reserves of 125 Mt and resources

of over 650 Mt with a valuation as

determined by WM of $990 million

• Current unwa s hed coking coal

production of around 1.5 mtpa

• Projecte d production of around 5 mtpa

• Both the mines currently in Iongwa ll

mining

THE ECONOMIC TIMES, FRIDAY JUNE 2 1, 20 13

Theme Presentation contest at Global Steel 2010 in Goacalled on every Indian to talk about the importance of thereformation in the present legal system, so that it does notforce one to be corrupt. The need of robust, simple andeasily understandable laws laws that minimise loopholesholes, thusensuring ready and quick just ice, was the unanimous call.

Making a full circle to Nirma University in 2010, thestudents from premier institutes across the countryprovided their comments and suggestions on the CentralVigilance Commission’s National Anti-Corruption StrategyPaper. The action then shifted to Delhi in 201 1 where theGujarat NRE National lntegrityTheme Presentationcontest evoked an enthusiastic and passionate responseon whether enforcement agencies are friends or foes andalso on media and corruption.

In the sidelines of National Conference on Governancein 2012, New Delhi, the participants debated on whethertrust-based comp liance is more effective. The youth didnot hesitate to pour out their heart. The essence of thedeliberations was that trust-based comp liance withstrict enforcement in case of any breach of this trusttrustas the need of the hour. The call was for freedom frombeing harassed by the authorities due to the hugediscretionary power that they enjoy. enjoy. The solutionenvisaged was in dilution of the discretionary powers andtimely closure of cases.

The students of various premier higher education insti-tutions participated in the presentation contest in NIRMAUniversity in 2012 and voiced their concern againstextortionary corruption. The takeaway from thediscussions was that we somehow miss to speak onextortionary corruption though it affects affects the uam admi,which causes harassment for him day in and day out.Addressing corruption essentially boils down to two

critical issues. One, how can an honest citizen remainhonest during the course of his interaction with thesystem? Two, how to ensure that a dishonest person,irrespective of his power status, faces the consequencesof his action? If India can find an answer to these issues,and aligns its reforms to address the gaps in its systemthat provide space for corrupt practices, abuse of powerand dishonest leadership, then India can truly step ontothe stage of being a responsible emerging welfare state.

Taking forward this relentless missive Gujarat NRENational IntegrityTheme Presentation contest earlyt hisyear conducted in Delhi called for changingthe absurd &antedi luvian laws laws of the land to build the India of ourdreams.

Many laws that we follow today have beeninherited from our erstwhile British masters, which wereframed to suit the need of the Britishers to rule India andare against the ethos of liberalism & trust.

In the words of Jagatramka, ‘We need to shrug off thec/i a/ ta hui attitude and believe that every single Indian cancancontribute towards this metabolism. The mission is toignite a million minds and ensure that they take themessage forward, so that our children and their childrencan live in India that our forefathers had dreamt oft’

Januar yy2009

August 2009

Janua ry2009 Unite India Foundation in Ahmedabad

August 2009 Gujarat NRE - AMA Centre forNational Integrity

September2009 Gujarat NRE National IntegrityTheme Presentation Contest atNIRMA University

• India of my dreams

•No bribes, No illegal moves, no out

of way favours- Can we pledge?

Odober 2009 Gujarat NRE National IntegrityTheme Presentat ion Contest at IIM

Ahmedabad

• Does Corruption feed Terrorism? How

can can we get rid of such Corruption?

Janua ry2010 Gujarat NRE National IntegrityTheme Presentat ion Contest at

Global Steel 2010, Goa

•Ethicsin Business: Ethics or Ethical

law, what comes first?

Octo ber 2010 Gujarat NRE National IntegrityTheme Presentation Contest atNIRMA Un ivers ity

•Comments and Suggestions toCVC’s National Anti Corruption

Strategy Paper

Janua ry201 1 Gujarat NRE National IntegrityTheme Presentat ion Contest at

National Conference on Integrity,New Delhi

• Enforcement agencies - friend or foe

•Media and corruption

•CVC’s National Anti Corruption

Strategy paper - comments

February 2012 Gujarat NRE National IntegrityTheme Presentation Contest atNational Conference on Integrity,New Delhi

•Trust based comp liance as against

enforced com pliance - which is more

effect ive?Odober 2012 Gu j arat NRE National Integrity

Theme Presentat ion Contest at

NIRMA University

••RemovaRemoval of Extortionary Corruption -

Key to Empowering the Indian Citizen

February2ol3 Gujarat NRE National Integrity Theme

Presentation Contest at National

Conference on Police Reforms,

New Delhi

•Change the absurd & antediluvianLaws of the Land to build the India of

your Dreams

Odober 2009

Janua ry2010

Octo ber 2010

What does the oft repeated term CSR mean? What makes

a corporate citizen stand out as a socially conscious one?Contributing 2°Io of the profit in the balance sheet? Whatare the responsibilities that a good corporate should bearto be one that can be recognised as a socially responsib lecorporate citizen?

It is just that the fundamental to the approach and thepremise on which it has to be built should be different.Why are we the way we are?

• We are in this state because we want to take

advantage over everything and everyone

•Weareinthis state becausewe see something done

wrongand say - �let it be’

• This defect behaviour lies at the root of our filth,corruption and chaos

WE NEED TO:

• Change the way weare

• Rediscover ourselves as proud Indians

• Have a spirited attitudeThe whole thing needs to be approached by virtue of

being an Indian first. The target is the future, young im-pressible minds that are waiting ignition. It is this passionthat has been guiding CMD, Gu jarat NRE Coke Ltd,Arun Kumar Jagatramka and the company has taken up a

mission to engage the youth of the country to inculcatethe values of integrity & ethics in their everyday life.

A A confluence of like-minded individuals in Ahmedabadtook the shape of Unite India Movement to discuss issuesof common concern, and speak in onevoice whichculminated in the setting up of Gujarat N RE - AMA Centrefor National Integrity.

Acknowledgingthis potential of the youth and the needto involve them in building an honest society, two GujaratNRE National IntegrityTheme Presentation Contests in2009 at IIM A A and NIRMA Universitywere organised.Starting from Nirma University Ahmedabad, wherestudents from all over the country enthusiasticallyparticipated in debating on the points that wouldtransform ‘India into the one that they dreamed of’ andconsidered how long would the pledge No bribes, NoIllegal Moves, No out of the way favours’ take to catch on.The inference from this stimulating experience was theconfirmation of the prickling fear that ‘Corruption did infact feed terror ’. And thus the question was put to thecontestants at IIM-A ‘How can can we get rid of corruption?’who replied from across the country with a unanimous‘Reformation and the implementation of ethical laws anda genera l practice of ethics’. The initiative then took wingsfrom Ahmedabad and moved to Goa where the Integrity

Februa ry 2012

October 2012

Februa ry 2013

is widely acknowledged that there is neither a single pill nor a magic wand that

can cure the multitude of challenges facingthe country today. today. The biggest among them isgovernance which in itself is a very broad termand encompasses many pertinent andpressing issues which need urgent attentionand reforms. However, a ll these issues cannotbe tack led at once in spite of having the bestof the intentions. The prudent act isto takeone issue at a time and Police Reforms is oneof them.

Foundation for Peace Harmony& GoodGovernance (FGG) had organised a NationalConference on Police Reforms early this year.The discussions by eminent personalities inthe conference had clearly summarised thepresent condition and had detailed the mustdo prescri ption.

Indian police is governed by archaic andcolonial police laws of 1861. This lawwasspecifically designed to raise a police whichwould be politically usefu l and to suit theneeds of the then British masters to tame theIndians. A A strong vested interest had devel-oped in the maintenance of the status quo. Inthe words of former director CBI and founderpresident of FGG, D R Kaart hikeyan,, “Theestablishment is not willing to give up theirstranglehold overthe police. And so, thecolonial structure continues and the peoplecontinue to suffer from an insensitive policeforce. The Supreme Court Court had in a landmarkjudgment on Sept. 22, 2006 ordered thesetting up of three institutions at the statelevel with a view to insulating the police fromextraneous influences, giving it functionalautonomy and ensuring its accountability. TheSupreme Court orders, if sincerely implement-ed, would have far reaching implications.”

Chairman & Managing Director of GujaratN RE Coke Ltd, Arun Kumar Jagatramka,

Foun dation for Peace, Harmony &

Good Governan�-�:

February 6” 20 De lh i

outlined the importance of police reforms as“Police reform is the first step towards thebigger war on corruption. Itwou ld playadecisive ro le to empower the cam admi andto reduce the malicious and vicious impact ofVIP culture that we have imprisonedourselves. Nobody should be above the law.The common manfearsto go tothe policestation. This fear needs to be removed and thepolice needs to become people’s police. Thiswould bring in a respect for police forceamong the fellow citizens and also would go a

long way in tack ling terror and crime by receiv-ing local support and intelligence gathering.”

Former DG-BSF, Prakas h Singh, laments,“Many decades have passed sinceIndependence and nothing had stopped usfrom reforming the colonial police structure,but sadly we opted not to do so”. According toSingh, ‘The Shah Commission, which was setup in the wake of Emergency, recommendedthe insulation of police from extraneouspressures. The National Police Commission

set up in 1977 gave many meaningfulrecommendations, but unfortunately, thesereceived no more than cosmetic treatment.”“Police reforms have a spectrum much widerthan the directions mandated by the SupremeCourt. These include enhancingthe manpow-er, improving the infrastructure at policestations, adequate forensic support,improving the working conditions ofpolicemen and upholding their human rightsalso ”, fee ls Singh.

The prime reluctance to police reforms isdue to the fact that police is the only investi-gating agency and the only authority that canfix transgression of law and hence if givenautonomy may work against the self interestof many power groups. VigilanceCommissionerCommissioner, RSri kumar, madea candidobservation when he states, “Centra l VigilanceCommission, with the primary responsibilityof finding the truth by investigation, does nothave even a single investigating officer. Thehard reality is that government’s sanction to

investigate and prosecute allegations against

people in power is required, which hasbecome one of the major roadblocks.”

Senior advocate, Supreme Court, P P Raoobserves, ‘There is an all encompassingreluctance by the executive and the legislatureto provide enabling legislation. The courts arenow constrained to issue general directionsfor the enforcement of fundamental rights ofthe citizens. Sadly enough the Governmentsdo not at times follow the comprehensivedirections issued even by the Supreme Supreme Courtto fi ll the vacuum in law. Though carrying outreforms is the duty of the Executive and theLegislature and not of the Courts, the Courtsare faced with a situation where it hasbecome necessary to issue directions forpolice reforms but they are unable to secureimplementation of those directives.”

Senior advocate, Supreme Court, KT S

Tulsi, suggested that while finding a solutionto the various problems, we should not fall inthe trap of making more lawslaws, advocating

more deterrent punishment with restrictionson bail and reversal of burden/presumptionwhich would be counterproductive. FormerChief Justice of India, Justice R C Lahoti, has a

brief five point suggestion for reforms:

• Strengthen the police - quantitatively &

qualitatively.

• Insulate the police from political influenceso that police is not misused for setting

political scores.

• Protect the police force from misuse andfrom being wasted.

• Scientifically study and divide the functionof police into three categories: law & order,detection & prevention of crime, VIP Security.

• Aim at creating and cultivating aninstitutional character, so that the commonman finds a friend in police.

Former Attorney Genera l of India, SoliSorabjee, suggests, “There should be a bodywhich looks into the issue of transfers andappointments of police officers and safeguardthe police from the wrath of the politicalmasters for carrying out their duty honestlyand in upholdingthe rule of law.Unfortunately no state is ready to form such abody and let go the power from their hands,since contro lling the police means controllingthe opponents. The police needs to be giventhe confidence to have the courage and inde-pendence in doingthe right thing and that itwould be protected for working honest ly.”“The Supreme Court had directed to enforcepolice reforms but the courts have notfollowed it up to see to it that its owndirectives are complied with. We mustcontinue to build pressure on the governmenton why the directions of Supreme Court arenot carried and urge the Supreme Supreme Court to

issue contempt proceedings against the errantstate governments,” opined Sorabjee.

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February 6 ’ 20i�, �ew Delhi

ADVERTORIAL AND PROMOTIONAL FEATUREA A CONSUMER CONNECT INITIATIVE

‘U’ ’IY MARCH

IGNITING THE FLAMEDistinction between civilizations is not a fall out of age, naturalresources or demographics; what matters is attitude

Missin g the Obvious in Oblivion: Police Reforms