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Tata Steel capex guidance for this FY is ₹15,000 cr: Narendran & Chatterjee

TV Narendran and Koushik Chatterjee discusses a range of issues from the performance to debt reduction and capex

(From left) T V Narendran managing director and chief executive officer, and Koushik Chatterjee, executive director and chief financial officer, Tata Steel
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(From left) T V Narendran, MD & CEO, Tata steel and Koushik Chatterjee, ED & CFO, Tata steel

Ishita Ayan Dutt

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A day after Tata Steel doubled its consolidated net profit in Q4FY25, TV Narendran, managing director and chief executive officer, and Koushik Chatterjee, executive director and chief financial officer, discuss a range of issues with Ishita Ayan Dutt during a video interview. Edited excerpts:
 
Tata Steel’s net profit in Q4FY25 jumped 112.7 per cent year-on-year (Y-o-Y). What led to this performance?
 
Narendran: In Europe, the Netherlands moved from negative earnings before interest, taxes, depreciation and amortisation (Ebitda) to a positive Ebitda over the last few quarters. The UK has not improved much in terms of Ebitda, but will start improving.