JSW Steel Ltd ., India's third-biggest producer, expects robust demand in the Indian markets going forward.
In an interview with CNBC-TV18, Sheshagiri Rao, Joint MD & Group CFO of JSW Steel says the company right from the beginning has given a guidance of 72% growth in production in this year and 78% growth in sales. "We are slightly lower than what we had guided in the beginning of the year due to floods in the South, the production was impacted in October and November. Otherwise we would have achieved what we said.
Going forward Rao says, "We will be closing the year with 6 million tonnes of production as against 6.4 million tonne guidance that we had given. In my point of view taken into view the robust demand in the Indian market, JSW will continue to show this type of growth in this fiscal year."
JSW Steel Ltd
