“The company has taken the decision to scale down/suspend production to support the cause of containment of the Covid-19 pandemic, notwithstanding the exception to manufacturing units with continuous operation and the units producing essential commodities,” it said.
The steel sector is
listed under India’s Essential Services Maintenance Act, 1981.
JSW did not specify what the suspensions or cuts to manufacturing operations would amount to, and added that the “adverse impact on the operations and financials is not ascertainable at this stage.”
The announcement from JSW, whose capacity of 18...
