BRAMAS gets its own stockyard
BRAMAS, a registered non-profit Section 25 company comprising of 296 MSME units, was established about five years ago to consolidate requirements of raw materials such as plates and structurals for its member-units and procure them directly from steel mills approved by BHEL and re-distribute them as per individual member’s requirements.
Speaking at a function organised to mark the inauguration of the stockyard and honouring of key suppliers, V. Thiagarajan, Chairman, BRAMAS, said the volume of material handled by the association for its members had doubled to 85,000 tonnes. The turnover of the association had jumped from ₹47 crore in the first year to ₹430 crore in 2018-19, he said.
Its phenomenal growth had captured the attention of industrial clusters and when the Centre announced the Defence Corridor, BRAMAS was approached by defence clusters across Tamil Nadu and even fefence companies for support in raw material purchase. BRAMAS had been welcomed by SMEs and corporates alike because of its adherence to quality standards and cost competitiveness under tough market conditions, he said.
R. Padmanabhan, Executive Director, Bharat Heavy Electricals Limited-Tiruchi, requested steel mills to support BRAMAS with timely delivery so that thes member units could complete ongoing projects on time.
Vinod Gupta, General Manager, Marketing, Southern Region, SAIL, assured all support as it directly represented about 300 MSMEs.
The Indian steel consumption was around 110 million tonnes a year, Mr. Gupta said and added that there was a huge demand for steel since new airports in tier 3 cities had been planned. Bullet train and water pipeline projects were expected to push demand further up, he added.
The Best Supplier Awards of BRAMAS were presented on the occasion. Representatives of suppliers such as SAIL, TATA and Jindal were present.
Source: https://www.thehindu.com/news/cities/Tiruchirapalli/bramas-gets-its-own-stockyard/article28413393.ece
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