Tata Steel CEO and Managing Director T V Narendran has stepped down as President of the Indian Steel Association (ISA) months before the end of his term, according to the steelmaker.
An ISA President is elected for two years and Narendran's tenure was to end in August this year.
Confirming the development, a Tata Steel spokesperson said, "Tata Steel has withdrawn its membership from the Indian Steel Association (ISA) owing to various considerations. Accordingly, Mr T. V. Narendran, CEO & MD, Tata Steel, has stepped down from his position as the incumbent President, ISA."