Steel authority of India long term chart as per Fibonacci,
as per time cycle metal sector can boom.
as per study looks like we are still at bottom, rest market is supreme
as per time cycle metal sector can boom.
as per study looks like we are still at bottom, rest market is supreme
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Merger benefits for SAIL if approved by Govt EBITDA likely to jump 55% Capacity to increase by 50% Backward integration to aid margins Source - Brokerage Note Below If merger happens between SAIL-NSL-RINL, a big positive step - It will expand capacity for sail by 50% from 20mtpa to 30mtpa - At peak utilisation, EBITDA is estimated to increase by 55% from Rs130bn to Rs200bn - It will be able to avoid massive capex of Rs1 lakh crore for organic expansion and manage with minimum capex requirement - RINL has 7mtpa capacity with 60-70% utilisation. Being no backward integration, it is low profit making entity with Rs200bn of debt as on Mar-23. - However, we believe SAIL can turnaround being blessed with captive iron ore mines which can turnaround to profits par with Sail. - Nagarnar steel is newly setup 3mtpa flat steel plant and hence will be able to quickly ramp up. View - If merger happens it is big positive for sail as it will help to fast track expansion at minimum cape