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SAIL to bring down debt to Rs 40,000 crore by end of March 2021: Anil Kumar Chaudhary, Chairman

SAIL to bring down debt to Rs 40,000 crore by end of March 2021: Anil Kumar Chaudhary, Chairman
SAIL to bring down debt to Rs 40,000 crore by end of March 2021: Anil Kumar Chaudhary, Chairman

Synopsis

Irrespective of the boom or lean period, one should continue to work on the expansions. We need to increase the volumes, we have to go for a quantum jump in the volumes, says SAIL chairman Anil Kumar Chaudhary

Mumbai: State-owned steelmaker, Steel Authority of India is on a path to deleverage its balance sheet and is planning to bring down the debt levels to Rs 45,000 crore by the end of December 2020 and to Rs 40,000 crore by March 2021 from its current level of Rs 50,638 crore, said the company's chairman Anil Kumar Chaudhary in an interaction with ET. Chaudhary said the the demand for long products have increased sharply indicating a pick up in
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