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Project News Details
| Title |
Steelmakers’ debt up 25% amid capex push, profitability under pressure |
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|---|---|---|---|---|
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| Detail |
Net leverage of domestic primary steelmakers is expected to rise to a five-year high of over 3x this fiscal, driven by a 25% increase in debt due to ongoing capital expenditure (capex) and declining profitability, Crisil Ratings said in a report.
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| Country | ||||
| Source | ET Energy World | |||
| Regions | Asia SAARC Countries South Asia | |||
| Sectors | Automobiles and Auto Parts Roads and Highways-Bridge Construction Energy-Power and Electrical Computer Hardwares and Consumables Steel | |||
| Published Date | 28.11.2024 | |||
| Original Url | Original Url | |||
| Share | ||||
India
| Title |
|---|
|
Steelmakers’ debt up 25% amid capex push, profitability under pressure
|
| Detail |
| Net leverage of domestic primary steelmakers is expected to rise to a five-year high of over 3x this fiscal, driven by a 25% increase in debt due to ongoing capital expenditure (capex) and declining profitability, Crisil Ratings said in a report. |
| Country |
|
India
|
| Source |
| ET Energy World |
| Regions |
| Asia SAARC Countries South Asia |
| Sectors |
| Automobiles and Auto Parts Roads and Highways-Bridge Construction Energy-Power and Electrical Computer Hardwares and Consumables Steel |
| Published Date |
| 28.11.2024 |
| Original Url |
| Share |
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