These manufacturing plants are situated across the country including Odisha, Gujarat, Karnataka, Telangana Andhra Pradesh, Bihar, Goa, J&K, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, West Bengal, Jharkhand, MP, the north eastern region and other states.
The company's steel sales grew by about 50% a significant jump over July’19 sales of 10.59 lakh tonne, an official statement said. SAIL sold 12.73 lakh tonne in the domestic market while it exported 3.10 lakh tonne of steel during July’20, attaining a growth of 29% and 349% respectively over same period last year.
"We are seeing the domestic market recover and that's a reason why our operations are running at full capacity," he told on a query pertaining to the domestic demand. In December 2019, global steel giant ArcelorMittal announced acquisition of debt-laden Essar Steel and forming a joint venture AM/NS India with Japan-based Nippon Steel.
mjunction, which is country's largest B2B e-commerce company, also stayed on course with its recruitment plans despite the nation-wide lockdown in March-April which led to most economic activities coming to a virtual standstill.
Improved IT infrastructure and a disciplined approach to data capturing have led to higher generation, and secured transmission and storage of data, the company said. In FY 2019-20, data generation increased to 20 TB/month with volumes growing 2.5 times over the previous year.
AMNS India’s operations were impacted by the COVID-19 pandemic during 2Q 2020 (April-June) as lock down measures were lifted the assets are currently running at higher utilization levels then the low levels during the peak impacts during 2Q 2020, the company said in a statement on Thursday.
As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.
“We assume that economic activity has begun to gradually pick up from July. However, given the possibility for second or third waves of virus infections or deeper economic costs than currently factored in, downside risk to these forecasts are significant,” said a Moody’s report.
"The first state-of-the-art scrap processing plant of 0.5 million tonne per annum capacity, which is being set-up in Rohtak, Haryana, is scheduled to be commissioned soon," it said. The facility would be equipped with scrap processing equipment such as shredder, baler, material handler etc.
The ministry further said the production of finished steel in June 2020 at 5.9 MT, was up 15.6 per cent compared to 5.1 MT in May 2020. However, on year-on-year basis, the output of finished steel in June 2020 was lower by 33.3 per cent.