Flexibility Payments for Liquidity in Steel Industry
Flexibility in payment of dues to the government, railways and banks can help steel players overcome the liquidity crisis in the steel sector triggered by the COVID-19 pandemic, a top Tata Steel executive has said. "The industry has already represented to the government on a number of issues including some flexibility on payment of dues to the government, railways, banks etc. so that we can tide over the liquidity crisis. This also includes some support on exports as we are more dependent on export markets than domestic markets. Also some relief in the duty on steel making raw materials can help Indian steel industry become more competitive”, Tata Steel CEO and Managing Director T V Narendran said to media.
Tags : ALLIED Steel Tata Steel COVID-19 pandemic Payments TATA T V Narendran raw materials liquidity