JSW, Tata in race to build steel capacities; ArcelorMittal-Nippon not far behind
JSW Steel targets 37 MT a year capacity by March 2025, while Tata Steel wants to double to 40 MT by 2030
JSW Steel targets 37 MT a year capacity by March 2025, while Tata Steel wants to double to 40 MT by 2030
Thirty-four years in the company, T.V. Narendran took up the top job in 2018. Four years later, the steelmaker reported its highest-ever profit. How did he turn the tables?
JSW Steel is on an expansion spree with demand expected to outstrip supply in the next 10 years.
The steelmakers say they are unwilling to make any more concessions to appease the European antitrust regulator.
The company’s liquidity position is robust with around Rs 25,000 crore in cash and cash equivalents. Will most of it go towards debt repayment or towards further acquisitions?
The company’s profit fell short of street estimates, but its outlook for the rest of the year is optimistic.
Tata Steel’s acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code provides hope for the future. Yet, the law is still crying out for further fine-tuning.
Higher steel prices and robust demand drove JSW Steel’s fourth quarter sales and profit, while a one-time gain pushed Tata Steel’s bottomline.
Lenders to stressed sectors have a gloomy time ahead.