VERIFIEDET Finance·6 Oct 2026positive

Backward integration, captive power seen aiding profitability of secondary steel players

AI Summary

·Secondary steelmakers in India are improving profitability through investments in captive power and backward integration.
·These strategies help offset volatile raw material and energy costs, according to CRISIL.
·Operating margins are projected to increase to 6.6% this fiscal, with integrated players expected to earn Rs 1,500-2,000 more EBITDA per tonne.