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SAIL Announces Q2 Results-The 21st China (Guangzhou ) Int’l Casting product Exhibition
11/16/2019 - casting expo-Die-casting expo-foundry expo |
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Mr Anil Kumar Chaudhary, Chairman SAIL, said “The second quarter was affected by a lot of factors both domestic and global. It is common knowledge that several steel consuming sectors including auto, infrastructure and manufacturing did not perform well in the said quarter. At the same time, the prices have also faced continuing downward pressure. This has reflected in the results. During the period, the Company has undertaken several measures for cost reduction across the Organization. The measures include improving operational efficiency through better techno-economic performances, better utilization of raw materials and improving revenue generation through other means. These efforts were supplemented with higher employee engagement and participation in cost control efforts. The company will continue to take further measures in the area of cost control in the coming quarters.”
He added “Meanwhile, timely announcement of new corporate tax rates and a slew of measures for increasing infrastructure and allied demand for steel by the Government raise hope for the future. Its positive ripples will be reflecting in the coming quarters. The move for new corporate tax regime is expected to bring in investments in new projects from the freed up cash. The renewed thrust of the Government on investments and infrastructure projects, coupled with industry-friendly measures are likely to help in increasing steel demand in the second half of the Financial Year, signalling that the worst period may be over.”
铸件展-铸件采购会-国际铸件展-2020第二十一届广州国际铸件展会-巨浪展览
-The 21st China (Guangzhou ) Int’l
Casting product Exhibition
-Casting product Exhibition, 2020 casting
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2020 Casting Expo,
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