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Time of India
25-06-2025
- Business
- Time of India
Recycling industry to be bigger than mining sector by 2050: Tata Steel MD T V Narendran
The recycling industry is set to be bigger than the mining industry by 2050, presenting a host of opportunities for companies, Tata Steel MD and CEO T V Narendran has said. Narendran, while speaking at a session organised by the Singhbhum Chamber of Commerce and Industry (SCCI), as part of its ongoing platinum jubilee celebrations, said that for the last 100 years, mining has been very important and it will continue to be so, but recycling is becoming important, too. "Going ahead, managing by-products, adding value from waste and recycling will become bigger and bigger... even Tata Steel is going into recycling because, we believe that by 2050, the recycling industry will become bigger than the mining industry," the top company official said on Tuesday evening. Narendran also referred to the Tata Steel Industrial By-products Management Division (IBMD), which he said has a turnover of Rs 10,000 crore. He said the recycling sector presents opportunities in the form of designing steel for recycling and making good steel out of recycled materials. Live Events "Similarly, there are a lot of opportunities in what we call ' urban mining ' - because India does not have many critical minerals, but it will consume a lot of electronics - how can we take the critical minerals out of the electronics? - so these are big and emerging industries," Narendran said. He also highlighted how the digital medium has reduced the gap between big and small industries. "Scale is no longer important, but customisation is. Many small companies are successful because of digitalisation," Narendran said.
Time of India
25-06-2025
- Business
- Time of India
Iran-Israel conflict not to have much impact on Tata Steel unless it lasts long: MD & CEO T V Narendran
Tata Steel CEO & Managing Director T V Narendran on Tuesday said the overall impact of the Iran-Israel conflict on the company was not much. He said this on the sidelines of a programme organised by the Singhbhum Chamber of Commerce and Industry (SCCI) . Narendran said 95 per cent of sales of the company take place domestically on Indian currency. Hence, the overall impact on the company would not be much for the time being but if the conflict lasts long, then its impact will be felt globally including Tata Steel. Narendran welcomed the ceasefire declared between Iran and Israel and expressed hope that this will help reduce the hostilities. "However, Tata Steel being a global company, we have to be prepared to face such a situation," he said. To a query, the Tata Steel CEO said trade and tariff coupled with an increase in duty imposed by US was a challenge for the sector globally. "Our maximum export takes place to European nations and the US," he said and expressed apprehension that the company's customers in those countries would bear the brunt on the cost front. Besides, the cost of shipping, shipping insurance, and logistics will also go up with the increase in oil prices if the Iran-Israel conflict stretches for long, Narendran said. The oil prices had surged during the last fortnight and would go up further if the conflict continues, he observed. "We procure limestone from the Middle East and also export steel there. The logistic cost would certainly increase if the conflict lasts long," he said. About the country's projected 6.5 per cent GDP growth, Narendran said it is good compared to other economies of the world growing at 3 per cent. "India is the fastest growing economy but we have to maintain it," added.
Time of India
25-06-2025
- Business
- Time of India
Iran-Israel conflict not to have much impact on Tata Steel unless it lasts long: MD a& CEO T V Narendran
Tata Steel CEO & Managing Director T V Narendran on Tuesday said the overall impact of the Iran-Israel conflict on the company was not much. He said this on the sidelines of a programme organised by the Singhbhum Chamber of Commerce and Industry (SCCI). Narendran said 95 per cent of sales of the company take place domestically on Indian currency. Hence, the overall impact on the company would not be much for the time being but if the conflict lasts long, then its impact will be felt globally including Tata Steel . Narendran welcomed the ceasefire declared between Iran and Israel and expressed hope that this will help reduce the hostilities. "However, Tata Steel being a global company, we have to be prepared to face such a situation," he said. To a query, the Tata Steel CEO said trade and tariff coupled with an increase in duty imposed by US was a challenge for the sector globally. "Our maximum export takes place to European nations and the US," he said and expressed apprehension that the company's customers in those countries would bear the brunt on the cost front. Besides, the cost of shipping, shipping insurance, and logistics will also go up with the increase in oil prices if the Iran-Israel conflict stretches for long, Narendran said. The oil prices had surged during the last fortnight and would go up further if the conflict continues, he observed. "We procure limestone from the Middle East and also export steel there. The logistic cost would certainly increase if the conflict lasts long," he said. About the country's projected 6.5 per cent GDP growth, Narendran said it is good compared to other economies of the world growing at 3 per cent. "India is the fastest growing economy but we have to maintain it," added.
India Gazette
25-05-2025
- Politics
- India Gazette
"Birsa Munda fought long battle for forest, land of tribals": Lok Sabha speaker Om Birla
Ranchi (Jharkhand) [India], May 25 (ANI): Lok Sabha Speaker Om Birla on Sunday garlanded the statue of Bhagwan Birsa Munda at Jail Museum in Ranchi. The Lok Sabha speaker stated that Birsa Munda fought a long battle for the honour, self-respect, water, forest and land of the tribals, further stating that the new generation would get new inspiration from his dedication. 'Bhagwan Birsa Munda fought a long battle for the honour, self-respect, water, forest and land of the tribals... He stayed in this jail for a long time. Whenever the coming generation comes here, they will get new inspiration from the dedication of Bhagwan Birsa Munda. Tribal society has a huge contribution to the preservation of our culture...' Om Birla told the media. Birla stated that activist Birsa Munda made a lot of struggle, which protected tribal communities and inspired people. 'For the honour of the tribal communities, nature and culture, he did a lot of struggle, and that inspires a lot of people... Due to his struggle, tribal communities are protected and their pride still exists in the country...' Birla told the media. MoS Sanjay Seth said that Birla would be welcomed in Ranchi according to the tribal culture.'Lok Sabha Speaker Om Birla is coming to Ranchi... Here, the common people are getting a chance to welcome the Lok Sabha Speaker for the first time. He will be welcomed according to our tribal culture...' Seth told the media. Seth also stated that it was a matter of pride for Jharkhand to welcome Om Birla to the state.'Indian democracy is the strongest democracy in the world, and the temple of that democracy is the Parliament. In such a situation, it is a matter of pride for us that the Speaker of the Lok Sabha has come here...' he added. The Lok Sabha speaker will be on a two-day visit to Jharkhand and will address delegates during the platinum jubilee celebrations of the Singhbhum Chamber of Commerce and Industry (SCCI) in Jamshedpur, Jharkhand today, as per a release. (ANI)
