There is a policy for steel companies to split the order to L1 and L2 bidders. Due to recent aquisition of competitors by RHIM, now SAIL cannot give all order to only RHIM. So there will be a loss of some business due to this. However management has guided that it will have minimal impact due to other products which they are planning to supply which will offset this loss of business.
Reference: Recent concall
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hi @Chandragupta any commentary on the results? decent tick in Margins as expected but slump in revenue… looks like the acquisition is also not helping the company.
Hi, I am no longer invested in the company, so have not tracked the results.
Is there any news on this company which drove the sharp move in the stock last couple of days?
Steel import tax on china will boost indian steel producer,intern it will help RHI
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