Analysis of Long-Term Financial Position of Selected Steel Companies in India

Authors

  • Dr. M. Anandan Assistant Professor, Department of Commerce, Karpagam Academy of Higher Education (Deemed to be University), Coimbatore
  • Dr. P.Ashok Assistant Professor, Department of Management, KG College of Arts and Science, Coimbatore

DOI:

https://doi.org/10.53983/ijmds.v10n09.001

Keywords:

Financial Position, Steel Companies, labour, output

Abstract

India was the world’s second largest steel producer in 2019. In the year 2019 the steel production was standing at 111.2 million tonnes. The growth of Indian steel sector is based on domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been major contributor to India’s manufacturing output. This study tries to find out the long-term financial position of selected steel companies in India. Five steel companies have been selected for the study. The period of study is taken from 2015 – 16 to 2019 – 2020. Various tools used like Mean. Standard Deviation, Coefficient of Variation, ANOVA and Correlation were used for this study.

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Published

30-09-2021

How to Cite

M. Anandan, and P.Ashok. “Analysis of Long-Term Financial Position of Selected Steel Companies in India”. International Journal of Management and Development Studies, vol. 10, no. 09, Sept. 2021, pp. 01-10, doi:10.53983/ijmds.v10n09.001.

Issue

Vol. 10 No. 09 (2021): IJMDS

Section

Articles