Mumbai, July 2 -- Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year.

Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year.

"I feel that UK should be PAT (profit after tax) positive, so the company is working towards making it profitable," said Chandrasekaran, echoing shareholder concerns. "We expect UK this year to perform much better than last year and it will definitely be Ebitda positive."

To be sure, Narendran had said ...