Tata Steel's UK operations need more government support to achieve cash neutrality. Losses have narrowed but still fall short of management expectations.

Tata Steel's chief financial officer, Koushik Chatterjee, emphasized the need for further policy support from the UK government to help the company's operations achieve cash neutrality. Despite a reduction in losses year-on-year, the performance in the UK has not met management's expectations. The company is actively working on cost-cutting strategies, aiming to save 400 million over two years. In India, Tata Steel is expanding production capacity at various facilities, including Neelachal Ispat and Bhushan Steel. The company plans to increase capacity significantly at these sites, which could enhance overall profitability in the long term.