What are the plans of Tata Steel with respect to European operations?
Answer
Answer
T V Narendran of Tata Steel confirmed that the company targeting the twin targets of growth and deleveraging. Tata Steel earned record profits in Q1 and sees as the golden opportunity to deleverage, without compromising on growthy. With turnaround in Tata Steel Europe, it will look to deleverage the balance sheet than sell its European operations since the Europe operations were no longer a cash drain.