International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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Volume 7 Issue 1
January-February 2025
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Navigating the Financial Landscape: A Comprehensive Analysis of Steel Companies in Corporate Insolvency Resolution Process
Author(s) | Riddhi Suthar, Dr. Urvi Gajjar |
---|---|
Country | India |
Abstract | This study explores the intricate financial dynamics of companies undergoing the Corporate Insolvency and Resolution Process (CIRP) within the steel sector. The Corporate Insolvency and Resolution Process play a pivotal role in addressing the challenges posed by corporate insolvency, providing a structured framework to preserve business continuity and safeguard stakeholder interests. By focusing on profitability and liquidity, this research aims to contribute valuable insights into the effectiveness of CIRP within the specific context of the steel industry. Three key players, Electrosteel Steels Ltd, Uttam Galva Steels Limited and Bhushan Steel Ltd, are chosen for analysis, representing diverse facets of the steel sector. The significance of the Corporate Insolvency and Resolution Process in maintaining economic stability and preventing the cascading impact of financial failures underscores the importance of this study. The research objectives encompass a thorough analysis of the profitability and liquidity of these companies in the pre-CIRP period, providing a comprehensive understanding of their financial health leading up to the resolution process. The chosen data coverage period spans five consecutive fiscal years, from 2013-14 to 2017-18, enabling a detailed exploration of trends, challenges, and financial patterns in the years preceding the companies' engagement in the Corporate Insolvency and Resolution Process. |
Keywords | Corporate Insolvency and Resolution Process, CIRP, Steel Industry, Financial Failure |
Published In | Volume 7, Issue 1, January-February 2025 |
Published On | 2025-01-05 |
Cite This | Navigating the Financial Landscape: A Comprehensive Analysis of Steel Companies in Corporate Insolvency Resolution Process - Riddhi Suthar, Dr. Urvi Gajjar - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.34684 |
DOI | https://doi.org/10.36948/ijfmr.2025.v07i01.34684 |
Short DOI | https://doi.org/g82hd5 |
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