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JSWISPAT - JSW Ispat Steel News Story

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Last Trade - 10/06/13

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 3109

India's SAIL facing order cancellations, re-scheduling due to lockdown - source

Thu 26th March, 2020 11:15am
NEW DELHI, March 26 (Reuters) - Steel Authority Of India Ltd
 SAIL.NS  has had some of its orders cancelled due to slower
handling at ports as a 21-day lockdown to prevent the spread of
the coronavirus hit movement of goods, a source directly
involved said on Thursday. 
    The country's largest state-owned steel company faced a
marginal hit to production and some of its inventory was piled
up at ports, the source said, declining to be identified due to
the sensitive nature of operations.
    Most steel companies have faced similar disruptions and have
suspended operations at some of their plants.
    People queued in some Indian cities for essential items,
while trucks were stranded at state borders and public transport
was suspended two days after Prime Minister Narendra Modi
ordered the 21-day lockdown to protect a population of 1.3
billion.  urn:newsml:reuters.com:*:nL4N2BJ1Z6
    On Wednesday, JSW Steel Ltd  JSWI.NS  said manufacturing
operations in all of its locations have since been either scaled
down or suspended.

 (Reporting by Neha Dasgupta; Editing by Jan Harvey)
 ((neha.dasgupta@tr.com; +91-11-49548058; Reuters Messaging:
neha.dasgupta.thomsonreuters.com@reuters.net (Twitter: @neha_5))
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