MoneyWorks4Me

SAIL reduces production as supplies hit amid lockdown

27 Mar 2020 Evaluate
Steel Authority of India (SAIL) has reduced its production by up to 10 per cent amid supplies being hit due to the ongoing lockdown to combat the coronavirus crisis. The development comes days after the steel ministry directed its PSUs, including SAIL, to not reduce production.      

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
View more..