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Tata Steel remains wary about its UK ops
Mint New Delhi
|November 14, 2025
Tata Steel Ltd ramped up India output and cut costs during the July-September period, lifting its financial performance, but its UK unit remains a drag amid cheap imports despite an expensive restructuring, top company officials said.
Tata Steel boosted India output and cut costs in Q2, lifting net profit to ₹3,485 crore to improve its financial performance.
(MINT)
The steelmaker may also fall short of its target of expanding its domestic steelmaking capacity to 40 million tonnes per annum (mtpa) by 2030, as it plans to pace growth based on industry profitability and margins, T.V. Narendran, managing director and chief executive officer of Tata Steel Ltd, said in an interview.
This story is from the November 14, 2025 edition of Mint New Delhi.
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