Steel consumption is on the rise globally and in India by approx 8%. The growth in consumption shall continue to drive demand. India is well positioned in this scenario to produce one of the lowest cost steel.
We shall continue to expand our capacity and efficiencies to become one of the most competitive players in the market along with supplying superior quality and value to consumers. The Company has now embarked on a business plan to emerge with a million tonne integrated steel capacity with power assets in five years. This confidence rides on the back of the company's strict control over quality and technological developments. The company also has very good HR practices and this helps in attracting quality. What make a company are its people. At MSP we treat each employee like a part of the family and this has led to the company having one of the lowest employee turnarounds.