Finally, Globalization is a 2-way road for Indian companies!
Tata Steel’s $8 billion purchase of its Anglo-Dutch rival Corus would mean a lot to the Indian companies. After years of being at the receiving end of Globalization and fighting to survive and improve their competitiveness, they are slowly beginning to open up. This deal is by far the biggest overseas acquisition by an Indian company and is a sure sign of things to come!
According to this article in Economist, the combined company is likely to be the sixth largest steel manufacturer in the world, catapulting Tata Steel from its current 56th position.
It’d be interesting to see if Mittal would be interested in buying Tata Steel at some point!
Suvendu
Aug 20, 2007 @ 11:55:03
Well, Tata Steel has been and will remain the war-horse of Tatas. Mittal can play acquisition game with sole steel giants across geography, but not with Tatas having spreading empire across business lines. Tata Steel has been recently declared as the most reputed organization voted by financial institutions, investors. That shows the clout of this organization and brand equity. Always the lowest cost producer of the world, this company has miles to go. When stake holedrs, investors have tremendous faith in the management and leadership, no Mittla can trounce them.
Being a former Tata Steel employee, I strongly believe that processes- be it human resource, business, marketing or corporate social responsibility existing in this compnay can be a learning hub for other organizations in India or abroad.
Srinivas
Jul 19, 2008 @ 20:38:54
Tata Steel is the best company India has ever had. How can Mittal even think of taking over this GIANT called TATA STEEL? Nobody can shake Tata Steel. Tata Steel has the best management and their policies towards corporate governance is awesome. I have the utmost faith in their day to day business. Tata Steel is managed by the best minds in the industry. It includes highly educated people from the likes of IITs and IIMs. They have never let the shareholders down in the history of their existence. Tata Steel is called as HANDS OF STEEL. Other companies like Reliance, Birlas should learn from the way TATAS work. Sorry Mittal, you can look to takeover other companies, but please do not think of Tata Steel. Long live Tata Steel, the king of India and the world.
Ashok
Jul 21, 2008 @ 11:31:51
Vow, it sure sounds like a great company, judging by both the comments here! Thanks for sharing your opinions!
Srinivas
Sep 18, 2008 @ 01:26:37
Tata Steel is right now bearing the brunt of the steel export ban imposed by this careless government. Mark my words, Tata Steel is going to hit back very strongly with its operations and the way they function. Never ever under-estimate Tata Steel. I always have this confidence in them. I am proud to say that I am a shareholder of Tata Steel and I have every reason to be happy that I have invested my hard earned money on this GIANT. Tata Steel management have never disappointed its shareholders till today. They have been paying handsome dividends to their shareholders who have the utmost trust and faith on this company. Long live Tata Steel, the king of Steel.
Srinivas
Dec 31, 2008 @ 01:52:07
Wait for the 2012 Olympics. Once the city of London starts constructing the Olympic stadium for the 2012 Olympics, then our Giant TATA STEEL (Corus) will start supplying steel for the same purpose. Tata Steel just rocks!. With the global economy in tatters, people should not ignore the performance of Tata Steel in the market. Once the economy gets back on track, Tata Steel will rise like a pheonix. Mark my words, Tata Steel will rule!