New Delhi, Nov. 13 -- Tata Steel Ltd ramped up India output and cut costs during the July-September period, lifting its financial performance, but its UK unit remains a drag amid cheap imports despite an expensive restructuring, top company officials said.

The steelmaker may also fall short of its target of expanding its domestic steelmaking capacity to 40 million tonnes per annum (mtpa) by 2030, as it plans to pace growth based on industry profitability and margins, T.V. Narendran, managing director and chief executive officer of Tata Steel Ltd, said in an interview with Mint.

"India has improved because we have had the Kalinganagar expansion coming on stream. More production in Kalinganagar means more cost efficiency because that is o...