Sharp focus on free cash flows helped us deleverage quickly: Tata Steel CFO

In a Q&A, Koushik Chatterjee says Tata Steel will continue pruning debt after surpassing the $1 bn goal, while keeping an eye on profitable and value-added growth

Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important. Edited excerpts:

How do you read the commodity cycle and what is your expectation in the near future?

Globally, commodities have recovered very sharply from the lows of the pandemic in April 2020 on the back of a