T V Narendran, Managing Director, Tata Steel
“It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slow down in the steel consuming sectors like automotive and construction. However, as we have opened up new market segments like the SME segment and also further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12 per cent over last year which is much better than the market.”
“We continue to invest in building new facilities and capabilities as we are bullish about the long term growth prospects of our country. We have completed the 3 million MT expansion in Jamshedpur, taking our capacity in Jamshedpur to 10 million MT and should commission the first phase of our 6 million MT steel plant in Kalinganagar in Odisha towards the end of the next financial year. Our SE Asian operations continue to improve.” “We have been recognised for our work by being conferred the Prime Minister's Trophy for the best steel plant and have also recently got the CII Sustainability Award.”
“The emotional connect between our employees and the company is one of our greatest strengths and this coupled with the relationships that we have with our customers, distributors and other partners and service providers is one of the reasons why we feel confident that we can dealwith all challenges that come our way”.