"There should be a Pick-Up in demand during the Festival Season Post September-October, by which time we hope that the Covid situation would also be brought slightly under control”, says Rajeev Jhawar Usha Martin
Usha Martin Limited DEMAND ON WIRE ROPE - USHA MARTIN LIMITED: Wire rope manufacturer Usha Martin Ltd (UML) is expecting domestic demand, particularly in construction and auto sectors, to start picking up post monsoon. According to Rajeev Jhawar , Managing Director of Usha Martin, the various measures announced by the Central government to boost the economy are likely to start yielding results post monsoon. “We expect post monsoon things should be better. There should be a pick-up in demand during the festival season post September-October, by which time we hope that the Covid situation would also be brought slightly under control”, Rajeev Jhawar said. While the demand for wire rope has been “fairly decent” in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic. But in the previous financial year, demand has started to pick up and the top-line growth of Usha Martin is evidence for this. The r...