steel

Tata Steel ups Corus buyout share to Rs 6,000cr The board of Tata Steel has at its meeting held today approved an increased Tata Steel/Tata Steel Asia Holdings contribution in the acquisition of Corus Group, UK, i.e. from $6.7 billion to about $7.4 billion. According to an official release...

Management history says that Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences. The Industrial Revolution brought about the emergence of large-scale business and its need for professional managers. Early military and church...

HANOI, MAY 29: Tata Steel Ltd., the world's sixth largest, said on Tuesday it would take a stake of up to 65 per cent in a steel plant venture with Vietnam and a 30 per cent stake in a nearby iron ore mine. The steel plant and the iron ore mining firm are parts of a steel complex that Tata and...

A Japanese steelmaker could become Mittal Arcelor’s next takeover target as the world’s No1 steel maker eyes technology for high-end automotive sheet, the head of Kobe Steel Ltd said on Tuesday. Kobe Steel president Yasuo Inubushi said the European steel giant, formed after Mittal Steel’s...

Mumbai, May 17 (PTI) World's sixth largest steel firm Tata Steel today said it aspires to become the second largest firm in the world by 2012 with 40 million tonnes production capacity as against 25.6 mt now. Apart from brownfield and greenfield expansions, the company was always on an...

From $2 billion to $25 billion in sales by the end of 2008, Tata Steel has come a long way under the leadership of its 61-year-old Managing Director B Muthuraman, who took over in 2001 from Dr J J Irani. A man known to speak his mind, Muthuraman's strategy from day one was to take Tata Steel...

Essar acquires Canadian Algoma Steel After much hyped acquisitions by Mittal and Tatas, Ruias also joined the fray with Essar Steel on Monday announcing that they have agreed to acquire Canadian Algoma Steel. Algoma Steel is an integrated steel producer based in Sault Ste Marie, Ontario with...

Mittal Steel vows to save environment Over 20,000 employees of Mittal Steel USA will take the Energy Star Change a Light pledge to use energy-efficient lighting in an effort to protect the environment for future generations. The company helped employees fulfill the goal of the campaign by...

LONDON: India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 6.2 billion pounds ($12 billion). Britain's Takeover Panel said in an e-mailed statement that after an auction Tata Steel had...

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Local steel stocks join the chorus, but Tata feels heat The war to acquire Corus has had a cathartic effect on the domestic steel share prices. Since early-October, when the deal surfaced, Tata Steel’s share price is down by 18%, weighed down by concerns over the impact of the acquisition on...

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London: Mittal Steel on Wednesday announced it has gained 92 control of Arcelor as it moves closer to completing its US$ 31.7 billion takeover of the European rival. Mittal, which on July 18 announced acquiring 50% share in Arcelor fulfiling the minimum requirement for takeover of the rival...

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