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Structurally India is a better place to produce steel: Tata Steel CEO & MD

If the quality of competition improves, everyone is on their toes, says Tata Steel CEO and MD T V Narendran

Tata Steel chief executive officer & managing director, T V Narendran
Tata Steel chief executive officer & managing director, T V Narendran

Well ensconced in India, Tata Steel chief executive officer & managing director, T V Narendran, is unperturbed by the potential entry of ArcelorMittal. In an interview with Ishita Ayan Dutt, he says that the entry of quality players will benefit the industry. Fifty-eight per cent of the company's revenues in the September quarter was from India operations; in Southeast Asia, however, all options are being considered, including an exit or joint venture. Edited excerpts: Having crossed earnings before interest, taxes, depreciation, and amortisation (Ebitda) of Rs 10,000 per ...