‘Steel sector’s growth trend to continue’
Team Udayavani, Aug 16, 2018, 4:45 PM IST
Jamshedpur: Tata Steel Ltd. CEO and MD T.V. Narendran on Wednesday said the steel sector had been witnessing a positive growth and this trend would continue with improving economic activities across the world.
Talking to reporters after hoisting the Tricolour on the occasion of the 72nd Independence Day at Tata Steel works here, he said the current demand for steel in the country was more than expected, buoyed by robust performance of the automobile and construction sectors.
The demand for steel was projected to grow by 5-6%, but it had been 8%, Mr. Narendran said.
He hailed the initiatives taken by the State and the Union government for the betterment of the steel sector.
On the stock market consistently hitting new highs, Narendran said it was primarily because of the inflow of domestic savings through mutual funds.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RBI announces MPC schedule for FY25, first rates decision on April 5
Seven out of ten Indian shoppers say they would happily receive product deliveries without additional packaging
Renault Nissan to launch four new products, expand product portfolio
Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank
IndiGo to fly more international routes, destinations; aims doubling size by 2030: CEO Pieter Elbers
MUST WATCH
Latest Additions
Rs 20.14 cr unaccounted cash seized in poll run up in Karnataka
HC grants bail to man held for sexually assaulting ‘friend’ at Mumbai beach in 2021
Congress’s Kolar conundrum remains unsolved despite CM, DCM attempt to quell dissent
Mangaluru: Illegal slaughterhouse raided by police, Three arrested
‘No evidence of wrongdoing’: CBI closes UPA-era Air India aircraft leasing