SAIL’s Volumes To Gain Traction Going Forward: ICICI Direct
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.
ICICI Direct Report
Steel Authority of India Ltd. is one of leading steel producers in India, which has five large integrated steel plants (Bhillai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant and IISCO) spread across four states in eastern India (Chattisgarh, Odisha, West Bengal and Jharkhand).
In addition, the company also has three special steel plants (Salem Steel plant, Alloy Steel plant and Visvesvaraya iron and steel plant) and a Ferro Alloy plant at Chandrapur.
In FY20, the company reported saleable steel production of 15.1 million tonnes, while saleable steel sales volume for the period under review stood at 14.2 million tonnes.
The company also has iron ore mines in the states of Chattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively.
Click on the attachment to read the full report:
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.