New UK govt examining our proposal, promised to come back soon: Narendran

We have highlighted to them our financial situation given the way things are in Europe, and we have been promised that they will come back soon

Tata Steel has been in discussions with the UK government during the last two years for financial support to transition into a greener steel company, with some of the assets coming to their end of life in a couple of years. Managing director (MD) and chief executive officer (CEO) T V Narendran tells Ishita Ayan Dutt that the new government is engaging with the proposal and has promised to come back in the next few weeks. Edited excerpts:

Export duty has been removed. What impact will it have on Tata Steel?

It will help; the sentiment becomes a bit more