SAIL to invest Rs 10,000 cr in IISCO upgrade

RELATED NEWS SAIL celebrates World Quality Day SAIL Q2 net seen up 43.5% to Rs 1617cr SAIL pays final dividend of Rs 265.85 cr to Govt Steel prices may increase by 10-15% over one-year ALSO READ See latest News about SAIL See previous management interviews See what other Experts & Brokerages are saying about SAIL SAIL BSE | NSE 28/05/12 Are Mutual Funds betting on SAIL?

Mr Roongta said that the domestic steel industry should get ready to play a major role in the coming years as the growth in manufacturing sectors such as automobile components and automobile-linked industries, was expected to touch more than 12%. He pointed out that the second phase of the Indian GDP growth would be propelled by the manufacturing sector as against the first phase of the GDP growth, which was led by the services sector. He asked domestic steel makers to improve quality of steel and diversify capacity base to meet the future requirement of different type, grades and specification of steel products by automobile, construction and infrastructure industries

The Metals Conclave was organised by the Bengal Chamber of Commerce & Industry (BCCI) in association with West Bengal Industrial Development Corporation.

In his speech, the BCCI President, Mr Aloke Mookherjea, said the conclave was a signature event of the chamber and had been organised on an annual basis during the past three years. This year's event has brought together the worlds of steel and auto components and construction sector. The chamber thought that it was appropriate time to focus on some of the specific growth areas and the ever changing and continuously shifting parameters governing these.

Taken from Business Line

thehindubusinessline.in