Tv Narendran

Claiming that several countries, including the US, Canada, and European nations, have already taken measures to protect their industries, Narendran called for India to take similar actions against unfair steel imports from China, as the steel sector holds significant potential to create wealth and jobs.

India Inc raises concerns about growth, wages and demand

Slowing demand, shrinking middle class, inflation and hope for a better year-end dominated the minds of CXOs in their assessment of the Indian economy.

TV Narendran elected as worldsteel Chairman; second Indian to head global body

Narendran has also been appointed as a member of the 17-member Executive Committee, along with Jindal, ArcelorMittal Executive Chairman LN Mittal, Topalian, and Dalbeler, the association said.

Budget 2024: Continue focus on infra, keep an eye on unfair steel imports: Tata Steel MD

Not only would a focus on infrastructure aid the demand for steel, it would also help reduce logistics costs. TV Narendran also hopes that the government will focus on ease of doing business in Budget 2024. 

MC Interview | India demand will be strong, Netherlands will see recovery from the current quarter: Tata Steel MD

The company will miss its target to reduce debt by $1 billion in fiscal year 2023-24 by a mile, TV Narendran told Moneycontrol. 

Live: Tata Steel Back In Black, Posts ₹522Cr Profit | MD & CEO TV Narendran Excl | Earnings Express

Tata Steel reported a consolidated net profit of Rs.522.14 crore in Q3, rebounding from a net loss of Rs.2,501.95 crore in the same period last year. Consolidated revenue fell 3 percent to Rs.55,311.9 crore on-year. The company's net debt is Rs.77,405 crore, with strong liquidity at Rs.23,349 crore. India revenues remained stable at Rs.35,011 crore, supported by consistent growth in deliveries. Crude steel production in India rose to 5.35 MT, contributing to the best-ever Q3 sales of 4.88 MT. The company incurred Rs.4,715 crore in capital expenditure during the quarter and Rs.13,357 crore between April and December. For more watch this interview with Moneycontrol's Rachita Prasad and Tata Steel's MD & CEO TV Narendran.

India's steel sector still in recovery mode post Covid pandemic: Tata Steel CEO

This (2023) has been good year for the steel sector in India, even though it was a challenging period globally, Narendran said here.

No 'silver bullet' for green transition; govt support needed, says Tata Steel CEO TV Narendran

The statement from the industry leader comes amid growing concerns across economies over emissions, and need to increase usage of green energy.

Not so keen on any other new acquisitions, says Tata Steel CEO T V Narendran

The statement from Narendran has come amid Vedanta Ltd reviewing and evaluating its steel and steel-making raw materials businesses.

MC Interview | First 2 quarters have been tough but too soon to give up on debt reduction goal, says Tata Steel MD

Managing Director and Chief Executive Officer TV Narendran said Tata Steel’s Rs 16,000 crore capex in FY24 is on track. India demand continues to be strong.

Exclusive | Tata Steel CEO expects better H2FY24, says Rs 16,000 crore capex on track

TV Narendran, Managing Director and Chief Executive Officer, said the first two quarters of FY24 have been more challenging than expected but the company has not given up its plan to reduce debt by $1 billion in the year.

Green steel standoff lingers, Tata Steel to decide on UK assets in 2 years, says Narendran

In the worst-case scenario, if the UK government did not finance a green transition by the company, different assets would be closed as they reached end-of-life, said the steelmaker’s chief executive.

Indian economy looking good because of focus on infrastructure, says Tata Steel MD Narendran

Speaking about the challenges the steel-maker faces outside India, TV Narendran said that while Europe continues to be a challenge despite an improvement in conditions, the second half of the year should be 'much better'

Moneycontrol Selects: Top stories this afternoon

Here are the top stories running on Moneycontrol this afternoon.

There is growing momentum towards emerging clean energy technologies, says TV Narendran

This transition to net zero will also require coordinated efforts spanning all stakeholders including government, private sector and civil society, he added.

MC Interview | In talks with UK govt over ‘green steel’ package, says Tata Steel’s Narendran

In an interview with Moneycontrol, Tata Steel’s chief executive officer and managing director attributed a significant portion of the company's Q3 loss to the UK pension fund-related deferred tax adjustments

Tata Steel faced tough times in India in Q2FY23, in Europe in Q3: TV Narendran, MD

Narendran spoke to Moneycontrol’s Chandra Srikanth at Davos, discussing global supply shortages, steel demand, acquisitions and deleveraging plans.

Tata Steel Q1 Results | CEO and MD TV Narendran on Europe performance, margins and steel sector outlook

Tata Steel's CEO and MD TV Narendran speaks to Moneycontrol about the outperformance in the steel giant's European business. He expects Europe to perform well at least for the next few quarters and also says that the company's debt reduction plans are on track. Watch here.

Tata Steel aims to restart NINL steel mill in next 3 months: TV Narendran

.Tata Steel on Monday completed the acquisition of NINL through subsidiary company Tata Steel Long Products (TSLP) for a consideration of Rs 12,000 crore.

Tata steel to grow organically, new acquisitions unlikely this decade: MD T V Narendran

Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output, relying on organic growth at its existing sites.

Tata Steel FY23 capex may be over Rs 12,000 crore, deleveraging will continue: CEO

The company is upbeat about domestic demand, even as commodity prices continue to be high.

India's GDP likely to grow 7.5-8% in FY23: CII President

However, TV Narendran said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war.

Man of steel: Here’s how TV Narendran turned Tata Steel around

The Tata Steel MD took over when the company was in danger of sinking. Today, he has taken it past the group’s reigning cash cow, Tata Consultancy Services — Tata Steel reported a profit of Rs 31,914 crore for the first nine months of FY22.

Budget 2022 | Infrastructure boost more than met industry expectations: TV Narendran

Budget 2022 | "I hope that the spending on infrastructure will create jobs both in urban and rural India, because a lot of talk in the budget was also with urban planning, creating rapid transit systems, so on and so forth," the managing director at Tata Steel said.

Government should provide Rs 3 lakh crore stimulus to shore up demand: CII president Narendran

Narendran asked the government to infuse another Rs 20,000 crore in public sector banks and also suggested a national pandemic fund to guard against financial risks arising out of such events.