There would not be any impact on existing EBIDTA/TON if JSW/Tata steel expand in this segment. Its a high ROE business and has now attained a decent size to attract to the eyes of Tata steel /JSW …
APL PAT has grown to Rs 650 Cr , which is a decent amount to attract any one in a high ROE commodity business…
The more Apl Apollo expands the more it will get highlighted and the more it will be tempting for JSW/Tata.
Disclosure: Not invested, Just trying to find out anti thesis
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