Steel PSU: Facing stress – 14 Mar 2023

The scarcity of essential raw resources, such as iron ore and coking coal, has hampered the country's second-largest steel-making PSU's production ramp-up plans. Procuring more expensive raw materials at higher prices in the absence of required linking obligations has also had an influence on expenses.

Prioritizing coal for the power industry has also impacted the supply pipeline.

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