Higher interest rates won't hurt us now as they did in past: Tata Steel MD

In Q&A, T V Narendran explains why growing in India will not add to leverage

In the last two years, Tata Steel has reduced net debt by around Rs 53,000 crore. In an interview, Tata Steel managing director & chief executive officer, T V Narendran, explains to Ishita Ayan Dutt why growing in India will not add to leverage. Edited excerpts:

Tata Steel Europe recorded one of its best financial performances in FY22 with an EBITDA of 1.2 billion pounds. Has Europe peaked or is the best yet to come?

I wouldn’t say it has peaked. For most of last year, we were honouring our long-term contracts. They were priced at January 2021 prices. We