TATA STEEL HAS a glorious past. Established in India in 1907, the company has the distinction of being Asia’s first integrated private steel producer. And with a history spanning over a century, the steel major has come a long way, with its footprint spread across India, Europe, and Southeast Asia.
T.V. Narendran, however is not new to Tata Steel. A veteran of nearly 35 years—with the past 10 years as CEO & MD—the IIM Kolkata alumnus knows that he has to constantly be on his toes to be ahead of the curve in an industry that is known to go through periodic up and down cycles. “Our ability to pick up [an] asset, integrate it, turn it around, unlock value, has got honed in the past three years,” he says, sitting in a large conference room at the iconic Bombay House, the headquarters of the Tata group and a building whose own history goes back to 1924. “For us, it was obvious that we have to scale up the business and there was opportunity in India. When we look at Tata Steel as a portfolio of sites or a portfolio of assets, our strongest point is our footprint in India, which in a cyclical industry like ours, had an 18-20 per cent Ebitda margin, even at the lowest point in the cycle,” explains Narendran.
Indeed, the recent financial numbers corroborate this. For instance, in Q3FY23, deliveries of its India business grew seven per cent year-on-year, even as Tata Steel Europe registered a dip of nearly eight per cent.
And with Narendran at the helm, the firm’s production in India has also grown manifold, even as it plans to nearly double its production capacity to 40 million tonnes (MT) by 2030, from the 21-22 MT it produces currently. More importantly, Narendran is confident that the higher production capacity can be achieved purely through proper execution, and from its existing sites.
هذه القصة مأخوذة من طبعة May 14, 2023 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 14, 2023 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.