Tata Steel names T. V. Narendran as global CEO and MD

Tata Steel Ltd has promoted T. V. Narendran as chief executive officer and managing director globally, the company said on Tuesday.

Narendran, 52, a company veteran who joined the Tata ranks in 1988, was serving as managing director (India and South East Asia) for the past four years.

Tata Steel executed and commissioned the Kalinganagar steel plant during Narendran’s tenure as managing director and also enhanced the plant’s ability to serve higher value segments like steel for automobiles, the company said in an exchange filing.

The steel maker’s board also re-appointed Koushik Chatterjee as executive director and chief financial officer for five years with effect from 9 November.

On Monday, Tata Steel posted a September-quarter profit, spurred by strong volume growth following the ramp-up of its Kalinganagar plant in the eastern Indian state of Odisha.

Tata Steel and German major Thyssenkrupp AG had last month announced a preliminary agreement to merge their European steel operations, creating the continent’s second-largest steelmaker after ArcelorMittal SA.

At 2:32 pm, shares of Tata Steel were trading 0.95% to Rs.712 on BSE, while the Sensex was down 0.13% to 33,222.84 points.

Newsletter

Prime Minister Modi inaugurates Atal Tunnel - longest tunnel above 10000 ft

Ladakh: The Prime Minister today inaugurated the Atal Tunnel and took the inaugural drive through in the 9km long tunnel...

Orissa High Court Order regarding migrant workers entry into Orissa put on hold by the Supreme Court

The Orissa High Court order to permit the entry of migrant workers only if they tested Negative for COVID-19 was put on...

Coronavirus Lockdown - First Flights To Bring Back Indians Stranded Abroad Land In Kerala

On Monday, the central government announced plans to begin a massive repatriation of its citizens stranded abroad, dubbe...

Reacting to Trump's retaliation threat India allows Hydroxychloroquine export

In a move after Trump's threat to retaliate if India fails to send medicines, India has lifted ban of export of ess...

All Domestic Passenger Flights Suspended from Midnight Tomorrow

The operations of all domestic schedule commercial airlines will stop operations from 23.59pm on March 24, a government...

Iran says it ‘unintentionally’ shot down Ukrainian plane, blames ‘human error’

Iran had denied for several days that a missile downed the aircraft. But then the US and Canada, citing intelligence, sa...