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Indian Steel prices are the lowest in the world: TV Narendran, Tata Steel

Indian Steel prices are the lowest in the world: TV Narendran, Tata Steel
[email protected] (Zee Business)
© Provided by Zee Business
TV Narendran, MD & CEO, Tata Steel, spoke about the trend of steel prices, deleveraging guidance for FY22 and restructuring plans of the European operations among others during an exclusive interview with Zee Business Executive Editor Swati Khandelwal.
Edited Excerpts:
Q: Tata Steel has posted strong numbers with standalone operations reporting the highest-even EBITDA and PAT. The trends have been positive for the last few months. Do you think that the trend will continue, especially in terms of steel prices, which is showing a good uptrend? ....

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GHCL will invest Rs 400-500 crore in FY22: Ravi S Jalan, MD

GHCL will invest Rs 400-500 crore in FY22: Ravi S Jalan, MD
[email protected] (Zee Business)
© Provided by Zee Business
Ravi S Jalan, Managing Director, GHCL, talks about Q4FY21 numbers, outlook on price, demand, and textile business, the second wave of CORONA, debt, CapEx and expansion plans among others during a candid chat with Swati Khandelwal, Zee Business.
Edited Excerpts:
Q: We saw a good set of numbers this time. Going forward your demand on price outlook, especially for Soda Ash? What is your view on realization?
A: Rightly said that our performance for the quarter has been a good one. If I will talk about the top line then there is a growth of around 12% and overall profit after tax has jumped around 30%. The three months period has been satisfying. As you know that the first six months of FY2020-21 was quite impacted due to the CORONA but it bounced back well in the second six months and we were able to maintain our pro ....

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Mastek has added new customers in UK and Middle East: Abhishek Singh, CFO

Abhishek Singh, CFO, Mastek, talks about the second wave of CORONA, Q4FY21 results, client additions, Order backlog, the contribution of healthcare and cloud migration verticals in the company’s revenue and acquisition among others during a candid chat with Swati Khandelwal, Zee Business.
Edited Excerpts:
WATCH | Click on Zee Business Live TV Streaming Below:
Q: How big a concern the second wave of CORONA is and what kind of impact it can have on your business?
A: The wave of Corona has created a worrisome situation. Our customers in India and abroad as well as our overseas employees have expressed their concerns. So, it is subject to worry. The good thing is that our employee base is most concentrated in Mumbai, then in Ahmedabad and Delhi and a little in Chennai. So, the situation in Mumbai seems to be improving now, however, we are much engaged with our employees to find ways to help them and how to facilitate the work from home, so that they can work in th ....

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Intellect Design Arena EBITDA margin could be 30% in FY22: Arun Jain, CMD

Arun Jain, Chairman and Managing Director, Intellect Design Arena Limited, talks about the deal with Canada-based Concentra bank, opportunities in the fintech market, operating margin outlook, flagship iGTB platform and Magic Aadhaar solution among others during a candid chat with Swati Khandelwal, Zee Business. Edited Excerpts:
See Zee Business Live TV Streaming Below:
Q: The company has informed about winning a large deal from Canada-based Concentra Bank to power its new digital banking strategy. Can you help us understand the deal quantum and the kind of growth is expected from this deal? Also, how strong is the order book for FY22? ....

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Drilling of two wells in B-80 block has completed: P Elango, MD, HOEC

Drilling of two wells in B-80 block has completed: P Elango, MD, HOEC
© Provided by Zee Business
P Elango, Managing Director, HOEC, talks about increasing crude prices & their impact on HOEC, B-80 block, Hardy Exploration & Production as well as Kharsang Oil Field and CapEx during a candid chat with Swati Khandelwal, Zee Business. Edited Excerpts:
Q: Crude prices have reached around $70 per barrel. What impact will it have and what are your expectations related to crude prices?
A: Really what happened is in January is Russia and Saudi Arabia did a very surprise announcement of cutting their production by one million barrels during February and March. This action which is taken by Saudi Arabia almost after several years without consulting OPEC sent a very strong signal in the market after which you saw the oil prices rallying upwards. The other factors that are happening are before the COVID hit the world an average of 100 million barrel of oil demand ....

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