Rise in infrastructure spending to boost demand: SAIL Chairman
CS Verma, Chairman, SAIL told NDTV Profit that the company has witnessed a setback in the international market in terms of demand. "Demand will pick up ahead with a rise in the infrastructure spending. We will pass on the cost per kilo to consumers, which will be very negligible" he said. Verma is confident about the modernisation and expansion at all plants. "Our capex in the current financial year is seen at about Rs 12,000 crore," he added.
