Since we have grown well in India now, the UK business challenge is less material than it was earlier. Earlier the UK portfolio was 10 million tonnes out of 25 million tonnes, Tata Steel’s total production. Today, the UK business is only three million tonnes out of the total capacity of 32 million tonnes. So, while it's a problem, its materiality is reduced.In a challenging year - FY23, Tata Steel reported Rs 8,000 crore in profit, which is not bad. But a Rs 8,000 crore profit in the 120-year history of Tata Steel and in a downcycle, would feature in the top five.

Source: Forbes June 09, 2023 06:49 UTC