Page 89 - Steel Tech India eMagazine Volume October 2020
P. 89
81. Ŗ 01 Ŗ 1EVQDGT
Indian Steel Plants Spread Wings
Won’t shy away from taking tough calls on Europe EQORCP[ŏU ſPCPEKCN EQPFKVKQP ő6JG CWFKVQT EQOOGPV
business: Tata Steel global CEO and MD TV QP 6CVC 5VGGN 'WTQRG KU LWUV C EQOOGPV CPF PQV C
Narendran SWCNKſECVKQP Œ 0CTGPFTCP UCKF ő9JKNG VJG UGTKQWUPGUU
QH VJG UKVWCVKQP KU PQV NQUV QP CP[QPG KV KU CNUQ C
6JG 6CVC 5VGGN 'WTQRG 65' WPKV JCU PQV DGGP
ſPCPEKCNN[ UWRRQTVGF KP VJG RCUV HGY OQPVJU CPF VJG EQORNKECVGF FGEKUKQP # VTCPUHQTOCVKQP RTQITCOOG KU
RCTGPV EQORCP[ KU TGCF[ VQ VCMG JCTF FGEKUKQPU KH WPFGTYC[ CV 6CVC 5VGGN 'WTQRG CPF VJG HQEWU JCU DGGP
needed. “We have consistently been reducing our VQ OCMG KV ECUJ PGWVTCN 6JG HQEWU KU QP UVTGPIVJGPKPI
HQQVRTKPV KP VJG 7- OCTMGV CPF KVU EQPVTKDWVKQP JCU the balance sheet and we have been vocal that Europe
FTQRRGF UKIPKſECPVN[ KP TGEGPV [GCTU Œ JG UCKF ő9G CTG PGGFU VQ UVCPF QP KVU QYP Œ
PQV UJ[KPI CYC[ HTQO VCMKPI VQWIJ ECNNU ō YG LWUV FQ #U RCTV QH VJKU ECRCEKV[ JCU DGGP EWV VQ /V HTQO
KV FKHHGTGPVN[ Π/V CPF GORNQ[GGU UNCUJGF VQ HTQO 6JG
business has been largely restructured and the TSE
6CVC 5VGGN 'WTQRGŏU NQUU KP VJG ,WPG SWCTVGT YKFGPGF VQ
d OKNNKQP HTQO C d OKNNKQP NQUU KP VJG [GCT GCTNKGT NGCFGTUJKR VGCO JCU EWV EQUVU YKVJ VJG UWRRQTV QH NQECN
with the auditor warning that its ability to continue as a GORNQ[GGU 0CTGPFTCP UCKF
IQKPI EQPEGTP YCU CV TKUM 2CTGPV 6CVC 5VGGN KU HQEWUGF QP EQUV QRVKOKUCVKQP FGDV
TGFWEVKQP CPF CNNQECVKPI ITQYVJ ECRKVCN VQ VJG +PFKC
6JKU WPFGTNKPGF VJG UVGGN KPFWUVT[ŏU FKTG ſPCPEGU C RQKPV
JKIJNKIJVGF D[ 6CVC 5VGGN CPF ITQWR JQNFKPI EQORCP[ OCTMGV YJKEJ JCU DGIWP UJQYKPI UKIPU QH TGEQXGT[
6CVC 5QPU 6JG KORCEV QH VJG %QXKF RCPFGOKE YKNN 0CTGPFTCP UCKF +PFKC KU C RTKQTKV[ OCTMGV DGECWUG KV KU
TGSWKTG 6CVC 5VGGN 'WTQRG VQ CEEGUU ITQWR EQORCP[ ECUJ RQUKVKXG RTQſVCDNG CPF ITQYKPI +P C EJCNNGPIKPI
UWRRQTV KP QTFGT VQ OGGV KVU QDNKICVKQPU CU VJG[ HCNN DWUKPGUU GPXKTQPOGPV QRGTCVKPI DWUKPGUUGU JCXG PQV
FWG # 7- IQXGTPOGPV DCKNQWV RNCP 2TQLGEV $KTEJ JCF CFFGF VQ PGV FGDV JG UCKF 5VTWEVWTCNN[ 6CVC 5VGGN KU
DGGP CWVJQTKUGF D[ %JCPEGNNQT QH VJG 'ZEJGSWGT 4KUJK GZRCPFKPI VJG +PFKC DWUKPGUU CPF HWTVJGT ITQYVJ YKNN
5WPCM KP /C[ VQ TGUEWG EQORCPKGU VJCV CTG UGGP CU VCMG RNCEG CV VJG -CNKPICPCICT RNCPV ő9G YKNN CNNQECVG
UVTCVGIKECNN[ KORQTVCPV ő6JG 7- IQXGTPOGPV KU HWNN[ growth capital to ensure expansions when the recovery
CYCTG QH VJG UKVWCVKQP CPF YG FQ PQV YCPV VQ LWOR VJG DGIKPU Œ JG UCKF ő9G CNUQ CNNQECVG ECRKVCN VQ OKPKPI
IWP UKPEG C FKCNQIWG KU UVKNN QP Œ 0CTGPFTCP UCKF YJKEJ KU CNUQ CP KORQTVCPV RCTV QH QWT DWUKPGUU Œ
ő9G JCXG OCPCIGF VJG DWUKPGUU KP 'WTQRG HQT C XGT[ 6JG EQPVTKDWVKQP VQ QXGTCNN TGXGPWG HTQO 6CVC 5VGGN
NQPI VKOG CPF JGNF QP YKVJQWV ſPCPEKCN UWRRQTV GXGP 'WTQRG JCU DGGP FGENKPKPI YJKNG VJCV HTQO VJG +PFKC
FWTKPI VJG RTGXKQWU VYQ ETKUKU QH CPF Π6CVC business has quadrupled over the past decade or
5VGGN JCUPŏV UQWIJV 7- IQXGTPOGPV UWRRQTV CV VJG ſTUV UQ JG UCKF 6CVC 5VGGNŏU FGDV DWTFGP KU CPQVJGT MG[
UKIP QH FKUVTGUU EQPEGTP 1P C EQPUQNKFCVGF NGXGN PGV FGDV QP /CTEJ
ő6JKU VKOG CTQWPF KVŏU DGGP C EJCNNGPIKPI UKVWCVKQP Œ YCU ` NCMJ ETQTG CICKPUV ` ETQTG C [GCT
0CTGPFTCP CFOKVVGF ő6JG 7- IQXGTPOGPV CRRTGEKCVGU earlier.
VJG HCEV VJCV 6CVC 5VGGN JCU DGGP C UKIPKſECPV EQPVTKDWVQT ő9G CTG EQOOKVVGF VQ TGFWEKPI VJG QXGTCNN FGDV VQ
VQ VJGKT GEQPQO[ Π'$+&6# QP QWT DCNCPEG UJGGV CPF QWT VCTIGV JCU DGGP
*G FQYPRNC[GF VJG CWFKVQTŏU UVCVGOGPV QP VJG VQ TGFWEG DKNNKQP C [GCT 6JKU [GCT VJCV EQWNF DG
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