Indian steelmakers likely to embark on new capex cycle soon

Indian steelmakers likely to embark on new capex cycle soon

According to Morgan Stanley, the focus of the steelmakers would initially be on repairing their balance sheets and as a result, the net debt-equity is likely to improve and fall below one at an aggregate level in FY21 and 0.5 in FY23 from around 1.4 in FY20.
Check the source here –Source, Financial Express.

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