BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
We met with the management of Steel Authority of India Ltd. to gain insights into its growth strategy and mid-term guidance.
The company is undertaking a feasibility study to finalise an extensive capex plan to achieve a production capacity of 50 million tonne per annum by FY26 from 20 mtpa currently. The expansion would be entirely brownfield in nature and would largely comprise new blast furnaces with ~5mtpa capacity.
With continued deleveraging, we expect SAIL to become debt free by FY23.
Lower steel prices and high coking coal prices during the current quarter are likely to put downward pressure on H2 FY22 earnings.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.