Tata Steel UK restructuring helped us save £200 mn: Koushik Chatterjee

Interview with Koushik Chatterjee, Executive Director, (Finance, Corporate & Europe), Tata Steel

The Tata Steel Group has recorded a consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) in excess of Rs 17,000 crore, the highest in the past six years. But, perhaps the most part is the quarterly Ebitda for European operations which was the highest since 2008. In an interview with Ishita Ayan Dutt, Tata Steel’s Group Executive Director (finance, corporate & Europe), Koushik Chatterjee, talks about the initiatives that led to the recovery of European operations, particularly the UK, and the complex restructuring of the pension settlement. Edited excerpts:

Is the worst over for European operations?

You have to map it