We invested, supported our UK biz for a long time: Tata Steel's Narendran

'The UK business has come a long way. Today, it is Ebitda positive and cash positive'

Tata Steel Europe — which has steelmaking operations in the UK and Netherlands – surprised all in Q1 of FY23 with its best-ever quarterly earnings before interest, taxes, depreciation and amortisation (Ebitda). However, the UK operation continues to be fragile with an impending transition to greener steel. Tata Steel and Tata Sons chairman, N Chandrasekaran, indicated in a recent interview to Financial Times that without government aid there could be closure of sites. T V Narendran, managing director (MD) and chief executive officer (CEO), Tata Steel, tells Ishita Ayan Dutt that there is a case for the UK government