Steel sales India-based Kamdhenu rose by 10.5pc to 698,000mt in Q4 (Jan-Mar) compared to Q3 according to the company’s press release.
Steel demand remained strong and continued to rise on increased construction activities over the quarter. Steel demand rose as real estate sector witnessed growth with relaxation in stamp duties in some states and the central government’s thrust on infra spends, said Satish Kumar Agrawal, chairman and MD of Kamdhenu.
The company also said that despite a challenging year due to the pandemic, it managed to deliver steady performance in FY21.
The second wave of COVID-19 has disrupted manufacturing sector among several others. However, with a gradual unlocking and roll-out of vaccination, economic activities will be back to previous levels in due course.
The company said it has recouped its business strategy of reducing B2B trading sales and focused on improving capacity utilisation at their own manufacturing units.
The company has an installed capacity of around 3.8mn mt of steel rebar, 500,000mt of structural steel and 250,000mt of colour coated sheets.