COVID-19 crisis: Hit by liquidity crunch, SAIL looks to conserve cash, push recoveries

Facing liquidity crunch because of the COVID-19 crisis, SAIL chairman Anil Kumar Chaudhary has asked employees to review each expense and conserve cash, and follow up rigorously with customers to promote sales and realise outstanding dues. He has also asked them to focus on production at the least possible variable cost.

The steelmaker has seen piling-up of inventories and cash flows…