We were some weeks ahead in tackling Covid in India: Tata Steel's Narendran

In telephonic Q&A, the MD & CEO of India's oldest steel producer, dwells on how his firm kept domestic operations ready for the pandemic, taking cues from Europe much before lockdown got announced

With companies looking to conserve cash amid uncertain times, Tata Steel — the country’s oldest steel producer — has chalked out a plan to have its working capital segment release Rs 1,000 crore cash this financial year. In a telephonic interview with Aditi Divekar, T V NARENDRAN, chief executive officer and managing director, talks about how domestic operations readied for the pandemic, taking cues from Europe, even before the lockdown in India. Edited excerpts:

Tata Steel has mentioned keeping sharp focus on cash conservation. How are you implementing it for the working capital segment, where the company has sizeable requirement?