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Mr. Rajeev Jhawar
Managing Director
of Usha Martin
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Rajeev
Jhawar
has been the Managing Director of Usha Martin Limited since May 19, 2008. He is also a director of Neutral Publishing
House Limited. Rajeev Jhawar has been
the Vice Chairman of Usha Martin Education and Solutions Limited since
September 2010. The company has been
bringing rich experience in the management of industrial enterprises for more
than a decade. His leadership qualities,
sharp business acumen, deep understanding of business administration and
strategic decisions led the group to a high growth trajectory as a whole.
Rajeev Jhawar shares his
observation about the industry post covid. After the coronavirus, the industry witnessed
a pandemic and subsequent lockdown disrupted overall economic activity. The
Indian steel industry struggled to keep pace with the sharp fall in steel
demand. Adverse market conditions forced
steelmakers to cut their operations by up to 50% by the end of 2019-20 and
early 2020-21. Further, he also makes his views on the various stimulus measure
taken by the government to enhance the growth of the economy.
Rajeev Jhawar, managing director, UML,
said the various measures announced by the central government to stimulate the
economy are likely to bear fruit after the monsoon. While the pandemic has not
yet been eradicated, the growth is likely to occur as all the industries had
learnt to live together with the pandemic.
Rajeev
Jhawar
said while the demand for wire rope in the international market was very
modest, domestic demand in various sectors was very low due to the lockdown in
the wake of the Covid-19 pandemic. Rajeev, jhawar says that their plant is
currently operating at 50-55% of the installed capacity. However, export demand is good and we are
supported by the depreciation of the rupee, he said. The company expects capacity to increase by
the second half of this financial year once the covid situation is brought
under control and domestic demand picks up.
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