Capacity Enhancement and Sales Trend

32 What went Wrong 1 2 3 4 JBG Mining ban of Iron Ore in Karnataka and Goa led to substantial increase in raw material prices of iron ore Cancellation of coal blocks led to forced closure of setting up of 5Mn T Steel Plant Project in Purulia, West Bengal. Amount invested in that project went in vain. Rising borrowing costs and Debt Trap Global financial crisis, weak economic conditions, Covid & lockdowns Resilient Promoters took the right steps to bounce back and corrected the things that went wrong!

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