Koushik Chatterjee

In a Q&A, Koushik Chatterjee, says the decision to merge seven group firms is a priority for Tata Steel and the entities involved. He adds that rupee depreciation will influence steel prices

Merger of seven entities with Tata Steel will allow simplification of management and help with sharper focus on the business, Koushik Chatterjee, CFO of the steel giant, said. On Friday, the board of Tata Steel approved the amalgamation of its seven subsidiaries -- Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF Limited, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining -- into itself. "We have been driving simplification across Tata Steel for some time. The objective is to consolidate the subsidiary businesses within Tata Steel to drive simplification of management and also have a sharper focus on the business," Chatterjee told PTI. After successfully integrating Bhushan Steel, which was much larger and more complex, this was the next natural step, the official who is also an executive director of Tata Steel, said. In 2018, Tata Steel through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL) completed the acquisition of controlling

"Demand and supply dynamics and input cost are the key influencing factors on steel prices," said Chatterjee.

In a Q&A, Koushik Chatterjee says Tata Steel will continue pruning debt after surpassing the $1 bn goal, while keeping an eye on profitable and value-added growth

As a principle, we are determined to ensure all businesses, including Indian and overseas subsidiaries, are free cash flow positive, says Chatterjee

The company has chalked out a master blueprint for growth in India over the next decade, Tata Steel CFO tells Ishani Ayan Dutt

Interview with Group Executive Director, Tata Steel