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Tata Steel Running at 50% Capacity

Steel News - Published on Mon, 25 May 2020

Image Source: Tata Steel Coronavirus COVID19 Lockdown
Times of India reported that Tata Steel CEO and managing director Mr TV Narendran during a video conference with the company’s vendors and the owners of ancillary units last week said “The ongoing lockdown has necessitated the company to run the plant with 50% capacity but this has brought about an improvement in our efficiency.”

He added “Demand from the domestic market is mostly coming from the healthcare, furniture, oil and gas sectors. The demand from automobile and construction sectors, which form the bulk of our demand, is currently very low.”

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Posted By : Yogender Pancholi on Mon, 25 May 2020
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