Tata Steel Chairman Mr. N. Chandrasekaran, speaking to shareholders at his AGM, said that steel demand in India will grow by 7 percent in 1919-20, leading to 103 million tons amid a huge number of infrastructure projects. which are announced by the government.
Mr Chandrasekaran added that Tata Steel is well positioned to make the most of this opportunity by increasing its capacity last year.
The steelmaker recorded the largest sales of almost 27 million tonnes in fiscal 19, supported by the acquisitions of Bhushan Steel and Usha Martin.
Steel demand in India will grow by 7% in 1919-20
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