SAIL gears up to boost production in post-lockdown period as demand bounces back

Updated:5 years, 6 months ago

New Delhi, Apr 30 (ANI): PSU Maharatna Steel Authority of India Ltd (SAIL) is making plans to boost production at all its plants once the COVID-19 lockdown is lifted and the economy springs back to near-normal levels, Chairman Anil Kumar Chaudhary said on Wednesday. "I strongly believe that the demand for steel will take off as the lockdown is lifted. Activities in manufacturing, construction and infrastructure sectors are bound to pick up substantially," Chaudhary told ANI. "Since the government is concerned over a slowdown in economic growth, activities in steel-consuming industries are bound to pick up which augurs well for the steel sector," said Chaudhary. During the lockdown which began on March 25, SAIL plants have been operating at half the normal levels. In the first stage, the company plans to enhance this to 75 per cent capacity and later synchronise the production with demand. "On operations front, we will be scaling up production in line with the demand sentiments of the market which I am expecting will soon show green shoots post-lockdown. We are ready to resume our normal working as and when the situation allows us," said Chaudhary.

Top Videos

Updated:4 years, 9 months ago

Pan-India dry run for COVID vaccine tomorrow: Harsh Vardhan

Updated:4 years, 9 months ago

PM Modi joins world leaders in condemning US Capitol siege

Updated:4 years, 10 months ago

Indo-Japan Samvad: Buddha’s message spread out from India to world, says PM Modi

Updated:4 years, 10 months ago

Centre preparing with states for past 4 months for COVID-19 vaccination: Harsh Vardhan

Updated:4 years, 10 months ago

In Jan, India may be in position to give 1st COVID vaccine shot: Harsh Vardhan

Updated:4 years, 10 months ago

Worst is over but still need to be cautious: Health Minister on COVID-19 cases in India

SAIL gears up to boost production in post-lockdown period as demand bounces back

Top Videos

Related Video

Equity indices plunge on weak global cues, metal stocks hit badly

Sensex jumps by 1,148 points, Nifty closes at 15,246

Equity indices on upward trajectory, metal stocks shine

Stock indices close 1 pc higher, auto and IT stocks surge

Equity indices up 1 pc, energy and IT stocks gain

Equity indices trade firm, auto stocks surge

Equities tumble amid global selloff, private lenders hit

Equity indices up on positive global cues, metal stocks shine

Equity indices tick up amid volatility, metal stocks shine

Equity indices edge higher, realty stocks gain

Closing bell: Sensex cracks by 1,145 points, PSU banks and IT worst hit

Equity indices on downswing, auto and pharma stocks lose

Equity indices subdued, auto stocks suffer

Equity indices flat on mixed global cues, GAIL up by 4 pc

Equity indices edge lower, Nestle India dips 3.3 pc

Equities trade higher, Nifty PSU up 2.6 pc on privatisation buzz

Sensex closes above 52K mark, banking and financial stocks surge

Opening bell: Sensex above 52K mark, banking and financial stocks gain

Closing bell: Equity indices end flat, private banks outperform

Equity indices flat amid mixed global cues, IT stocks gain