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Steel Demand in India to Grow by 7% in 1919-20 - Mr N Chandrasekaran

Steel News - Published on Mon, 22 Jul 2019

Image Source: bloomberg.com
Tata Steel Chairman Mr N Chandrasekaran, while addressing shareholders at its Annual General Meeting, said that demand for steel in India is set to grow by 7 percent in 1919-20, taking it to 103 million tonnes, on the back of a slew of infrastructure projects announced by the government.

Mr Chandrasekaran added that Tata Steel was well positioned to make the most of the opportunity, having grown its capacity last year.

The steel maker recorded highest volumes of nearly 27 million tonnes in FY19, backed by its acquisition of Bhushan Steel and Usha Martin.

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Posted By : Ratan Singh on Mon, 22 Jul 2019
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