UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 5 Issue 6
June-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1806779


Registration ID:
184318

Page Number

628-632

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Title

A COMPARATIVE STUDY ON PROFITABILITY POSITIONS OF BAJAJ STEEL INDUSTRIES AND MANAKSIA STEELS

Abstract

In India, Steel industry tracks the overall economic growth in the long term. Also, steel demand, being derived from other sectors like automobiles, consumer durables and infrastructure, its fortune is dependent on the growth of these user industries. The Indian steel sector enjoys advantages of domestic availability of raw materials and cheap labor. Iron ore is also available in abundant quantities. This provides major cost advantage to the domestic steel industry. India's comparatively low per capita steel consumption and expected growth in consumption due to growing infrastructure construction, automobile and railways sectors has offered scope for growth. National Mineral Development Corporation is expected to increase the iron ore production 75 million tonnes per annum (MTPA) until 2021 indicating new opportunities in the sector. Domestic players' investments in expanding and upgrading manufacturing facilities are expected to reduce reliance on imports. In addition, the entry of international players would provide benefits in terms of capital resources, technical know-how and more competitive industry dynamics. To make a comparative study on profitability positions of Bajaj Steel Industries and Manaksia Steels, profitability ratios is selected and statistical tools like mean and standard deviation have been used.

Key Words

Steel industry, Steel prices, Financial performance, Ratios

Cite This Article

"A COMPARATIVE STUDY ON PROFITABILITY POSITIONS OF BAJAJ STEEL INDUSTRIES AND MANAKSIA STEELS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 6, page no.628-632, June-2018, Available :http://www.jetir.org/papers/JETIR1806779.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A COMPARATIVE STUDY ON PROFITABILITY POSITIONS OF BAJAJ STEEL INDUSTRIES AND MANAKSIA STEELS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 6, page no. pp628-632, June-2018, Available at : http://www.jetir.org/papers/JETIR1806779.pdf

Publication Details

Published Paper ID: JETIR1806779
Registration ID: 184318
Published In: Volume 5 | Issue 6 | Year June-2018
DOI (Digital Object Identifier):
Page No: 628-632
Country: Sulur, Coimbatore, Tamilnadu, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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