Sun, Apr 11, 2021 | UPDATED 15:56 IST

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                                                                                    How SAIL will capitalize on strong steel prices to strengthen its balance sheet

                                                                                      How SAIL will capitalize on strong steel prices to strengthen its balance sheet

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                                                                                                After a few tough years for SAIL, things are looking bright amidst the rise in Steel prices. The share has risen to a multi year high of Rs. 90. New Chairman, Soma Mondal expresses her confidence in the sustainability of Steel price and demand. "Higher iron ore prices will provide some support too", she says. High debt and high conversion costs are 2 areas where SAIL lags other companies. Mondal says that high wages are the key reason behind the high costs. On debt, she adds that the company has cut debt from Rs. 50000 cr to Rs. 35000 cr and will cut debt further as she aims to embark on the next leg of capacity expansion for the company.

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