This Calcutta based company which belongs to the Jhawars is involved in the manufacture of wire ropes used for various purposes. Wire ropes is a highly value-added product which enjoys a premium pricing in the markets. Recently, OTIS Elevators has decided to make Usha Martin the sole procurement source for the ropes used in lifts. This is a very noteworthy achievement for the company. Usha Martin in a very rare style first completed the forward integration project of wire and ropes and in the last six months has completed all its backward integration projects namely, power plant, sponge iron plant, purchase of iron and coal mines in the state of Jharkhand. The company now enjoys the status of having complete integration both backward and forward. One can be bullish in this stock from a medium to long term point of view. Present Price is approx 83.5 and Projected Price Rs.125