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Opinion: Growth momentum in steel to continue into FY2022

Opinion: Growth momentum in steel to continue into FY2022

The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.

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IBC, infra push put steel sector in an M&A sweat spot

IBC, infra push put steel sector in an M&A sweat spot

With the capacity of sizable scale available at bargain prices, the sector will see a lot of Mergers and Acquisition (M&A) activities as bigger players with deep pockets eventually closing in on financially weak but potentially viable smaller firms.

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A Pioneer in Building Solutions

A Pioneer in Building Solutions

Sahyadri Industries (SIL), a pioneer in building solutions since 1947 is an ISO 9001, EMS 14001 and BS OHSAS 18001 certified company, listed on the BSE. SIL provides a range of products for interior and exterior building systems and roofing solutions.

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Steel shining!

Steel shining!

India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.