Tata Steel s robust profitability in its Indian operations positions it well for growth despite increased steel imports from China impacting local prices, according to company MD TV Narendran. He highlighted a strong operational performance in India during the December quarter, with plans for capacity expansion at Neelachal Ispat.
Tata Steel will not incur additional impairment charges due to the transformation of its UK operations into cleaner manufacturing. Managing Director TV Narendran believes that the UK transition, backed by a £500 million government contribution, will cost structure by £100-150 per tonne post-transition Negotiations with the UK government will provide benchmark for Dutch discussions.