Decoding Financial Agility Amidst Global Disruption: A Common Size Evaluation of Tata Steel and Jindal Steel and Power Limited across Pre and Intra-COVID-19 Pandemic

The steel industry is a climacteric pillar of modern economies, serving as a backbone for civilization. Per capita steel consumption is a key indicator of socio & economic development. Production of steel worldwide has been increasing year on year, and the iron and steel industry plays a very important role in the Indian economy. However, the global pandemic caused major disruption in the entire industry, both worldwide and in India. This study focuses to assess the resilience, adaptability, and strategic responses of two steel giants of Indian market to the pandemic disruption. The main intent of the study is to evaluate and compare their financial reports, focusing on liquidity, solvency, and growth aspects, despite their scaling differences. By analysing these two major players, the research provides meaningful insights into the broader dynamics of the Indian steel sector. The findings will indicate company revealed greater financial performance during the pandemic, offering actionable implications for the investors, management and industry stakeholders. Ultimately, this analytical study highlights the importance of strategic financial planning and sustainable growth initiatives in economic uncertainty and ensuring long-term competitiveness.

Keywords: Covid 19 pandemic, Strategic Responses, Tata Steel, Jindal Steel, Indian Steel Sector, Financial Performance, Sustainable Growth.