Open AccessEvaluating Financial Strengths of Selected PSU Steel Companies
Author(s) -
Dr.S. Ranjithkumar,
Dr.R. Mahesh
Publication year - 2021
Publication title -
webology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.259
H-Index - 18
ISSN - 1735-188X
DOI - 10.14704/web/v18si03/web18045
Subject(s) - world class , financial sector , business , finance , economics , engineering , industrial engineering
Recent economic changes facilitated the Steel sector to ignore the Reserve quotation for PSU to get a wave from mandatory. The six major role players in Indian steel sector equally qualified to world class iron makers out of 36 in the world. In 2018, steel utility was about to grow at the rate of 5.7% year-on-year 9.2% Metric Tons. Our country anticipated to beat Japan to predominant in iron production at the earliest. But, few iron PSUs in India still struggle to sustain with Industry growth. With this aim, the financial performances of seven selected PSU companies are predicted through Altman’s Z- score.