Steel is one of the fundamental building blocks of a nation. India is the second largest producer of steel in the world with a crude steel production of over 110 million tonnes.

Today India is one of the fastest growing economies in the world and is at the cusp of a journey which will make it one of the principal drivers of world economic growth in the next decade and will propel it to one of the top global economies.

Steel is an important ingredient of India's growth story. Our nation has set an ambitious target of trebling its steel production capacity to 300 million tonnes by 2030 and we are looking forward to being a part of this.

I am happy to share that since our foray into steel business, we have, time and again demonstrated our ability, agility and responsiveness to the changing market dynamics. Be it the Chinese led spectacular growth of early 2000 or the crisis of 2008 and now the Covid-19 pandemic, we have been able to deal with all these uncertainties in the most commendable way.

Our commitment to the industry is evident in our investing in our people, technology, new products and making our processes more sustainable.

We are proud of what we have achieved, but we recognize that the world in which we operate is constantly evolving and we need to adapt our thinking and behaviour accordingly in line with our Vision and Mission.