 "The reliefs and concessions sought by JSW were part of the committee of creditors approved resolution plan")
Noting the weak demand scenario in the domestic market, Sajjan Jindal-led JSW Steel today slashed its capex as well as production and sales guidance for FY20.
At the September quarter earnings conference today, the company management said that it now expects to achieve 97 per cent of its crude steel production and saleable steel sales guidance of FY20, as both production and sales volumes dropped in the first half of the year.
The company had set a production guidance of 16.95 million tonnes for the current fiscal along with saleable steel sales guidance of 16 million tonnes.
"We have also
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