JSW Steel has strong financials, enough headroom to expand: Seshagiri Rao

JSW Steel has very strong financials and substantial cash generation, says Seshgiri Rao

As JSW Steel was included in Nifty50 on Friday, its Joint Managing Director and Group Chief Officer SESHGIRI RAO charted the company’s growth plans. He told Ishita Ayan Dutt that JSW Steel was on course to achieve its capacity target of 30 million tonnes in the domestic market by 2025. Edited excerpts:

Numetal said in court on Thursday that it would match Arcelor’s offer and you are an investor in the operating company. Do these valuations make commercial sense, given that steel is a cyclical industry?

Valuations depend on the synergies that the investor is looking at. If you look at