Not much scope for unlocking value if too many taxes added: Tata Steel CEO

Narendran discusses issues from the UK strategy to the potential impact of the recent Supreme Court ruling on mineral tax

Tata Steel and the United Kingdom’s (UK’s) newly elected Labour government are in discussion on grants to fund the transition to greener steel and are exploring a viable business case beyond what was agreed upon with the Conservative government. In a video interview with Ishita Ayan Dutt, T V Narendran, managing director and chief executive officer, Tata Steel, discusses issues from the UK strategy to the potential impact of the recent Supreme Court ruling on mineral tax. Edited excerpts:

Dutch operations are back to normal, but Ebitda (earnings before interest, tax, depreciation, and amortisation) losses in the