In an interview to CNBC-TV18, Kaushik Chatterjee of Tata Steel shares his views on the Union Budget 2015-16 announced today.
In an interview to CNBC-TV18, Koushik Chatterjee, the compay‘s CFO said that Q2 volumes will be driven by the 3 million tonnes per annum capacity expansion at its existing 6.8 mtpa Jamshedpur plant
Gross Domestic Product (GDP) for the April-June quarter grew at a better-than-expected 5.5%, after eight successive quarters of declining growth. Kaushik Chatterjee, Group CFO of Tata Steel said the figure was not a surprise.
In an interview with CNBC-TV18, Koushik Chatterjee, Group CFO of Tata Steel said both Europe and India saw an increase in steel prices in Q1 and domestic operations were supported by higher realisations.
Kaushik Chatterjee tells CNBC-TV18 that political over hang is very visible in the Budget. He says, the Budget has been more of a balancing of book rather than making any future statement.