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This Article is From Apr 27, 2023

SAIL - Robust Domestic Demand To Drive Growth: Motilal Oswal

SAIL - Robust Domestic Demand To Drive Growth: Motilal Oswal
Steel Authority of India Ltd.'s plant. (Source: Company website)

BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Motilal Oswal Report

Steel Authority of India Ltd., one of the largest steel manufacturers in India with an annual capacity of ~21 million tonne is all set to capture the growing steel demand amid expansion in infrastructure and construction.

SAIL has five integrated steel plants at Bhilai, Durgapur, Rourkela, Bokaro and IISCO (Burnpur) along with three special steel plants at Salem, Durgapur and Bhadravati (Visvesvaraya) and one ferroalloy plant at Chandrapur.

SAIL offers an entire gamut of steel products across flats, longs and semis with strong focus on value added products. The share of VAP stands at around 53% of the total volumes.

SAIL has strong iron ore linkages and the entire iron ore requirement is met by captive mines, which ensure adequate supply of key raw materials.

SAIL is the largest supplier of rails to Indian Railways. Between April 2022 and March 2023, SAIL has already produced ~1.4 mt of railway materials (~9% of the total volumes).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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