Indian steelmakers face debt challenges after ill-timed bets3 min read . Updated: 29 Oct 2019, 11:02 AM IST
- The steelmakers are struggling to meet sales and production targets because of a slowdown in the key construction and auto sectors
- Tata Steel Ltd, JSW Steel Ltd and others are also wrestling with falling revenues amid high debt loads
MUMBAI/NEW DELHI : India's biggest steelmakers may be suffering from buyer's remorse as assets they bought from bankrupt rivals stretch their bottom lines while market conditions have worsened.
Select your Category