Steely realist

01 Sep 2013 Editorial Team

India's largest producer of steel alloy, Tata Steel should be on a high with the consolidated net profit figures touching 90.51 per cent at Rs 1,139 crore ending June 2013, the most in two years, beating analysts' esatimates. The company's operational profitability or earnings before interest, tax, depreciation and amortisation rose 4.9 per cent to Rs 3,760 crore showing a higher margin of 11.4 per cent against the revenue, as compared to 10.6 per cent registered a year ago. The man responsible for stewarding this growth is Managing Director, HM Nerurkar, a steel industry veteran, who has been the helm of Tata Steel since 2009. With over 35 years multifaceted experience ranging from project execution, manufacturing, quality control, supply chain and marketing, his business acumen lies in identifying new business opportunities for accelerated growth. Despite a healthy financial bottomline, Nerurkar for his part remains extremely grounded, prescribing caution for the coming days.

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