In a bid to make its reach deeper and wider, Essar Hypermart, part of Essar Steel, has launched an online platform (www. ehypermart. in) for selling steel and other related products. Branded EHypermart (EHM), the online platform will target B2B segments. EHypermart is an extension of Essar Steel’s pioneering retail venture, Essar Hypermart to enable its customers to buy steel online. EHM has already registered over 3,000 online anchor customers. Currently, EHM is a web based market place and will soon launch a mobile app for the convenience of its customers.
In the first full year operations, EHM targets revenue of USD 100 million. It also targets 30% of sales of Essar Hypermart to be done through EHM. EHM has introduced nine products that include steel, steel products, material handling equipment, industrial paints, generators, cutting tools, steel furniture, TMT bars, angles & channels, and power cables.
Essar Steel India is one of India’s leading integrated steel producers with an annual production capability of 10 MTPA. The state-of-the-art facilities comprise iron ore beneficiation, Pellet making, iron making, steel making, and downstream facilities, including a cold rolling mill, a galvanizing and pre-coated facility, a steel-processing facility, an extra-wide plate mill and 3 pipe mills with coating facilities.
| Company Name | CMP |
|---|---|
| Tata Steel | 142.80 |
| JSW Steel | 976.80 |
| SAIL | 112.70 |
| Jindal Stainless | 671.75 |
| Jindal Saw | 296.70 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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