The Mutual Effect on the NPA Crisis and Integrated Steel Producers

Abstract

Steel is the most significant manufactured material in the contemporary world that provides the basis of every industrial economy. Steel is regarded a metal which is utilized in every body’s everyday life even no one can picture a life without steel as different item being used from morning to night are produced from steel. India, as one of the fastest-growing economies possesses significant interests in steel industry. This study delves into the causes behind Indian integrated steel producer’s strong capital productivity rates and examines if the Non-performing assets (NPA) crisis had any impact on it. The NPA issue must be handled with a flawless strategy as it is accountable for a significant loss for companies. A correlation research was performed on a sample of gross NPA’s and the average capital productivity rates, the findings revealed a negative connection between the two variables leading to suggestions for the sector given the post-pandemic commodities cycles.