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JSW Steel Standalone NP At Rs 1801 Cr For FY 2012-13

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JSW Steel has reported a growth of 15 per cent and 14 per cent in volume of production and sales respectively.

The company gave guidance for FY 2012-13 that it would achieve a volume of production and sales of 8.5 million tonnes and 9 million tonnes respectively. It is heartening to report that the company exceeded the guided volume of production and achieved 98.5 per cent of sales volume guidance. 

While the gross and net sales for the year ended 31 March 2013 showed a growth of 12 per cent and 10 per cent respectively, it is noteworthy that the operating EBIDTA also showed a growth of 12 per cent with an improvement in margins to 17.8 per cent. The net Profit After Tax (PAT) for Standalone Company was Rs 1,801 crores that too showing a growth of 11 per cent. 

The operating EBIDTA margins for Q4'13 improved to 18.3 per cent compared to 17.3 per cent in corresponding period in spite of fall in steel prices, mainly on account of innovative coal blend and sourcing efficiency. 

However, the net profit was lower by 24 per cent due to higher interest and depreciation attributed to 3 million tonnes per annum (MTPA) expansion project, which was commissioned but could not be operated due to non-availability of iron ore. Besides, the Tax Provision was higher as the surcharge was increased from 5% to 10% in the FY 2013-14 Union Budget.

Nokia Siemens Networks, Intel Work Together
Nokia Siemens Networks and Intel signed a Memorandum of Understanding (MoU) on a set of common objectives around the development of Liquid Applications, an innovative approach from Nokia Siemens Networks that will accelerate the delivery of media-rich services and content directly from the base station.

The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities.

Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top (OTT) content providers, independent software vendors (ISV) and application service providers (ASP). The parties will also explore new business models between mobile operators and other ecosystem players, facilitating engagements with the purpose of delivering a superior and profitable customer experience.

At the heart of Liquid Applications is the Radio Applications Cloud Server (RACS), which provides capabilities such as localized processing, content storage, and access to real-time radio and network information inside the base station.

Propalms Launches OneGate 4.0 Application Access Gateway
Propalms, a provider of server based computing technology based on Microsoft Remote Desktop services, Hypervisor based VDI and Enterprise remote access solutions, has launched Propalms OneGate 4.0 application access gateway.

Propalms OneGate brings together performance, management and functionality required for enterprise application access for local and remote access, which reduces costs that are traditionally associated with other access solutions like NAC and VPN solutions.

OneGate simplifies the application access scenario by combining multiple technologies onto a single platform. At the outset, OneGate provides a single portal based access to published applications that the user is allowed to access based on her role in the organisation.

On the OneGate portal, user can access virtualized applications and desktops delivered from Propalms' own TSE & VDI product; web based applications, terminal based applications, shared files and folders and even locally installed client-server applications. Strong two factor authentication and granular authorization control of OneGate ensures highly secure application delivery platform.

IMImobile, CCA Sign Partnership Deed
IMImobile, a provider of mobile data platform and services to telecom operators, enterprises and media companies, has announced partnership with Content Connect Africa (CCA) to provide music and video content across Africa.

CCA has a substantial catalogue of African music content in Uganda, Nigeria, Cameroon, Ghana, South Africa, Ivory Coast and Kenya. It also holds the rights to exclusive video content featuring a host of popular African artists, including DJ Cleo and Will of Steel (South Africa), Flavour (Nigeria) and Cabo Snoop (Angola)

The partnership with CCA will allow IMImobile to offer a wide selection of exclusive content such as full tracks, ringback tones, real tones, animation, images and videos to its mobile operator clients. The content will be integrated into IMImobile’s award-winning DaVinci Evolved Service Platform (ESP) to guarantee multi-channel delivery and superior customer experience across Africa.

Blue Coat To Acquire Solera Networks
Blue Coat Systems, business assurance technology firm, has announced that it has entered into an agreement to acquire Solera Networks, the industry provider of big data security intelligence and analytics for advanced threat protection.

The Solera DeepSee platform will add industry-leading security analytics and forensic capabilities to the Blue Coat product portfolio, delivering an end-to-end security solution that includes protection, remediation and governance and gives enterprises complete visibility into the content and context of advanced targeted attacks. The acquisition is expected to close within the next 30 days.

The combination of Solera’s real-time intelligence, security visibility and Blue Coat’s comprehensive Web-based threat now gives businesses the tools to proactively block threats and rapidly identify, respond to and recover from a data breach or incident.

These technologies will work together to leverage the industry’s most advanced root cause analysis capabilities and the network effect of 75 million users from over 15,000 customers worldwide, including 86 per cent of the Fortune 500.


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