Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company’s UK operations in the current fiscal year.Addressing shareholders at Tata Steel’s annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year.“I feel that UK should be PAT (profit after tax) positive, so the company is working towards making it profitable,” said Chandrasekaran, echoing shareholder concerns. “We expect UK this year to perform much better than last year and it will definitely be Ebitda positive.”To be sure, Narendran had said in an analyst call in May that the UK business was expected to be earnings before interest, taxes, depreciation, and amortization (Ebitda) positive.Also Read | For steelmakers, Q4 an inflexion point as prices, demand firm up“We are pursuing the goal of ensuring, on an underlying basis, Tata Steel UK becomes Ebitda positive and sustaining from a cashflow point of view,” he had said during the post-earnings interaction on 13 May.Tata Steel UK follows a downstream-focused model, importing semi-finished steel substrates from its operations in India and the Netherlands—or sourcing them from the open market at lower cost—and processing them at its UK mills.The shift to profitability, analysts believe, has been aided by a strategic move to shut down its loss-making blast furnace.The company reported a consolidated profit of ₹1,201 crore in January-March, more than doubling from the same period last year. This was after losses in the Netherlands and the UK offset the company’s profitable operations in India.Tata Steel’s standalone operations in India logged a net profit of ₹3,141 crore during the quarter, 19% less than the same period a year ago due to lower steel prices.Also Read | Tata Steel Q4 net profit jumps 117% YoY to ₹1,201 crore, dividend out“It is possible for Tata Steel’s UK business to break even because they have shut down their blast furnace,” said Rohit Sadaka, director at India Ratings & Research. “There will be a significant reduction in fixed cost overheads along with reduced losses.”Tata Steel acquired the European operations of Corus Group for £6.2 billion (around $12 billion) in 2007. Since then, its UK business has struggled with legacy costs and sluggish demand in Europe.Under Narendran, the company has pursued a range of restructuring efforts to revive its European operations. These include layoffs, cost rationalization, and a pivot to more efficient electric arc furnace (EAF) technology.According to a report by ICICI Direct, the company is “undergoing significant restructuring at its European operations aimed at improving profitability.” In the UK, Tata Steel is building a 3.2 million tonnes per annum (MTPA) EAF facility, expected to be commissioned by 2027, wi in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
N Chandrasekaran stated that Tata Steel aims to achieve a net profit at its UK division in this financial year.
