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Tata Steel Managing Director and CEO of TV Narendran
Last week, Tata Steel announced its decision to phase-in from older blast furnaces at Port Talbot in Wales, UK, to greener electric arc furnace (EAF) technology to reverse a decade of losses. In an interview, Tata Steel Managing Director and Chief Executive Officer TV NARENDRAN tells Ishita Ayan Dutt why this was the “least bad option”. Edited excerpts:
On a standalone basis, Tata Steel posted a net profit of Rs 4,653 crore, while its consolidated value of Rs 513 crore was dragged down by European operations. What are the prospects for Europe?
We both had bad grades
First print: January 25, 2024 | 9:09 PM IST