The Tata Steel CEO & MD outlines upcoming developments, including significant expansions at Neelachal, Kalinganagar, Ludhiana. He says efforts toward green steel and innovation remain in focus
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The European business lost ₹7,810 at EBITDA level for each tonne of steel that it produced in the December quarter
Escalating energy costs in the U.K. burden the steelmaker
Thirty-four years in the company, T.V. Narendran took up the top job in 2018. Four years later, the steelmaker reported its highest-ever profit. How did he turn the tables?
Tata Steel, JSW and SAIL ramp up steel production capacities, eyeing a slice of international market also.
It is expected to expand production capacity at its plants in Angul, Kalinganagar and Jamshedpur to achieve 40MT target.
It will take 11 quarters to bring down its net debt to zero at the current run rate.
Tata Steel Europe posted EBITDA of ₹1,533 crore and ₹3,340 crore in the first and second quarters, respectively.
Fortune India spoke to Tata Steel MD and CEO T.V. Narendran after the company announced a 661% jump in net profit in Q2 FY22.
