استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
Poor execution, higher debt may take wind out of SAIL's plans
November 22, 2023
|Mint Mumbai
At a time when investing in capacity expansion is seen as a strategy for long-term revenue growth, Steel Authority of India Ltd’s (SAIL) expansion plans appear to have made investors anxious.
The worry is that the steelmaker’s expansion plans would lead to significantly higher capital expenditure (capex) thus keeping debt high in the coming years. This could explain why SAIL’s shares have underperformed so far in 2023, gaining 10% compared to 14% rise in the Nifty 500 index.
The company’s management is evaluating various expansion plans including modernization and removing of bottlenecks in the business. As mentioned in its September quarter (Q2FY24) earnings call, SAIL is planning to take initiatives to improve utilization of its existing assets. This would be led by some minor investments, greenfield expansion of IISCO steel plant, and some brownfield expansions that will take place in Durgapur and Bokaro steel plants.
هذه القصة من طبعة November 22, 2023 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Mumbai
Mint Mumbai
Anil Ambani moves SC over fraud tag
Industrialist Anil Ambani has moved the Supreme Court challenging an order of the Bombay High Court which upheld the State Bank of India’s (SBI) decision classifying his and Reliance Communications’ accounts as fraud.
1 min
December 02, 2025
Mint Mumbai
Mehli Mistry quits Ratan Tata’s Small Animal Hospital
Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.
1 mins
December 02, 2025
Mint Mumbai
UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case
Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.
1 min
December 02, 2025
Mint Mumbai
Rupee at record low, no US deal drags
The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.
1 min
December 02, 2025
Mint Mumbai
KOCHI'S BOATS CHART A NATIONAL COURSE
India wants to modernize its ancient waterways for mass transit. Can it be a game changer?
8 mins
December 02, 2025
Mint Mumbai
Crisil: Exports drive agrichem revenue
Buoyed by higher exports, India’s agrochemical industry is set to consolidate its revenues with a likely 6-7% growth this fiscal year, Crisil Ratings said in report on Monday.
1 min
December 02, 2025
Mint Mumbai
Statistics: IMF's report card need not alarm us
The Fund's criticism of India's macroeconomic estimates is best taken as a cue to further improve the country's statistical framework. Thankfully, remedial work has already begun
2 mins
December 02, 2025
Mint Mumbai
Airbus flags new problem on some A320s
Airbus said on Monday it has discovered an industrial quality issue affecting metal panels of a “limited” number of A320family aircraft, confirming a Reuters report, the latest challenge for the planemaker after a weekend recall of its jets.
2 mins
December 02, 2025
Mint Mumbai
Rare-earth magnets: Why an ‘India fix’ is not enough
Earlier this year, a Pune firm quietly solved a problem that has vexed policymakers for decades.
3 mins
December 02, 2025
Mint Mumbai
Ola woes grow, bets on battery
Ola Electric Mobility Ltd had its own set of problems, and the goods and servicestax (GST) rate cut from 28% to 18% on ICE two-wheelers has only made matters worse.
2 mins
December 02, 2025
Translate
Change font size