
	Where results make sense

Topic: Tata Steel

Related Topics

TISCO

Tata Group

Tata

Tata Indigo

Tata Motors

Jamshetji Tata

Jamshedji Tata

Lists of companies

Influential businessmen of India

Jamshedpur

VSNL

Tata Indica

Tata Consultancy Services

List of Indian companies

ONGC

	India's Other Steel Giant Looks Abroad - Forbes.com (Site not responding. Last check: 2007-10-13)
		Tata Steel, part of the sprawling Tata conglomerate whose interests include cars, telecommunications, software consulting, hotels and consumer goods, said Thursday it was considering a bid for Anglo-Dutch rival Corus (nyse: CGA - news - people), illustrating the pressure the steel industry feels to consolidate.
		Tata stressed that a bid for Corus, which was formed in 1999 through the merger of British Steel and Hoogovens, was only one of the options it was considering and there was no certainty an approach would be forthcoming.
		Tata said a year ago that he was now looking at opportunities to invest in steel companies in developed countries, "but we are making sure that we have secure access to raw materials because I really believe that owners of iron ore are going to rule the industry.
	www.forbes.com /business/2006/10/05/tata-corus-steel-markets-equity-cx_cn_1005corus.html (426 words)

	Corus - Tata Steel Offer
		Announcement by Tata Steel: Revised acquisition of Corus by Tata Steel
		At the Court Meeting and Extraordinary General Meeting of the shareholders of Corus held earlier today in connection with the proposals for the acquisition of Corus by Tata Steel UK Limited, the shareholders of Corus voted to adjourn the Meetings until 20 December 2006.
		The boards of Tata Steel and Corus are pleased to announce their agreement on the terms of the recommended acquisition of the entire issued and to be issued share capital of Corus at a price of 455 pence in cash for each Corus Share, valuing Corus at £4.3 billion.
	www.corusgroup.com /en/investors/tata_steel_offer (484 words)

	Tata Steel's bid ambitious but plausible: UK media
		Although Tata Steel is considered to be a "smaller Indian rival", (its size is one-fourth of Corus), the news of the possibility of a foreigner tightening its hold on the European steel market has gone down well, contrary to the Mittal-Arcelor deal that got entangled in crossborder politics.
		Though Tata and other Indian steel producers are planning dramatic increases in capacity over the next five to ten years, there is a short-term need for large quantities of imported steel, particularly at the added-value end of the market which Corus specialises in, the paper says.
		Tata Steel, by contrast, is a minnow with production from its one site in Jamshedpur last year of 5m tonnes, making it the 55th biggest steelmaker in the world, according to international rankings.
	www.rediff.com /money/2006/oct/09tata.htm (732 words)

	Tata Steel may pick up 20% stake in Corus
		Tata Steel may acquire at least a 20 per cent equity stake in its Anglo-Dutch rival Corus Group for pound 800 million ($ 1.5 billion), according to a report in The Mail.
		Tata Steel was prepared to make a hostile bid of �4.2 billion (nearly $7.79 billion) if its favoured option of a friendly merger was rejected, the UK newspaper reported on Sunday.
		Tata Steel spokesperson did not want to comment while the Corus Group spokesperson could not be reached.
	www.rediff.com /money/2006/oct/17tata.htm (312 words)

	domain-B : Indian business : companies : A hundred years of Tata steel
		As Tata Steel gets ready for its centenary celebrations, B Muthuraman, managing director of Tata Steel, and the spearhead of its transformation from an old economy monolith to a knowledge-based, value-driven, global enterprise, muses on the journey so far and the citadels yet to be conquered.
		Nation-building and social welfare are embedded in the genes of Tata Steel and its employees.
		Living tribute to the visionary founder of Tata Steel, Jamsetji Tata, Jamshedpur is the embodiment of his concern for people and, in particular, the workers whose toil creates the wealth of nations.
	www.domainb.com /companies/companies_t/tata_steel/20070131_hundred_years.htm (1794 words)

	Tata Steel Board Approves Corus Acquisition (Site not responding. Last check: 2007-10-13)
		The acquisition is proposed to be made by Tata Steel UK, a wholly owned indirect subsidiary of Tata Steel, recently incorporated in the United Kingdom for the purpose of completing the acquisition.
		Tata Steel noted that its acquisition of Corus is consistent with the company’s stated objective of growth and globalization.
		Tata Steel said it also believes that between the two companies there exists a high degree of cultural compatibility that would facilitate an effective integration of the businesses over time.
	www.steelnews.com /06/oct/oct41.htm (564 words)

	domain-B : Indian business : companies : Tata Steel's $8 billion global gambit
		Though it is an acquisition by Tata Steel, operationally it would be a friendly merger with the Corus management retaining their positions even after conclusion of the deal.
		As per the agreement between Tata Steel and Corus, the acquisition is expected to be completed by 16 January 2007.
		The debt facilities arranged by Tata Steel UK would also be used to retire the existing debt of Corus, besides providing working capital funds to Corus after the acquisition.
	www.domain-b.com /companies/companies_t/tata_steel/20061020_gambit.htm (1037 words)

	Businessworld: The new world of Tata Steel (Site not responding. Last check: 2007-10-13)
		Tata Steel's strategy is based on breaking up this value chain and putting each part where it's the most cost-effective.
		He took over Tata Steel at a time when the steel cycle turned and Tata Steel was in the best position to take advantage due to its efficiencies honed in the previous decade.
		But all that steel cannot be absorbed by the Indian market, despite the fact that it is expected to grow at 9 per cent this year, one of the highest rates in the world.
	www.businessworld.in /sep1304/coverstory01.asp (4177 words)

	Tata Steel says Corus offer is strategic - Boston.com
		India's Tata Steel said Wednesday its US$11.3 billion offer to buy European steel maker Corus Group PLC is strategic to its global ambitions, even as the high price of the deal raised concerns over potential financial risks for the merged company.
		Mumbai-based Tata Steel outbid Brazilian rival Companhia Siderurgica Nacional SA, or CSN, after offering to pay 608 British pence in cash for each Corus share in what would be the biggest-ever acquisition by an Indian company.
		Tata Steel is part of the Tata Group -- a sprawling business conglomerate with interests spanning from salt to software -- that has been the most aggressive Indian company in seeking overseas acquisitions to gain global visibility after thriving for decades in a protected home market.
	www.boston.com /business/articles/2007/01/31/tata_steel_outbids_csn_in_corus_auction (1072 words)

	Tata Group
		A small steel plant was set up in August 1907 in eastern India, marking a journey fraught with challenges.
		A natural-born mentor, B Muthuraman, the managing director of Tata Steel, is a doggedly determined achiever
		Tata Steel's social development initiatives have made a significant difference to the lives of some of Jharkhand's poorest communities
	www.tata.com (127 words)

	Tata Group \| Our companies \| Tata Steel \| Profile
		Tata Steel is India's largest integrated private sector steel company.
		In 2000, it became the first Tata company to win the JRD Tata QV award, given to the company with 'world class' operations under the Group's Tata Business Excellence Model.
		Tata Steel is one of the few Indian companies to be invited to join the UN-sponsored Global Compact.
	www.tata.com /tata_steel/index.htm (404 words)

	Tata Steel wins Corus with $11.3 billion offer - Boston.com
		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 5.75 billion pounds ($11.3 billion).
		LONDON (Reuters) - 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 5.75 billion pounds ($11.3 billion).
		CSN and Tata Steel were keen to buy Corus to become significant players in the consolidating steel industry, where Dutch-based Mittal Steel last year bought Luxembourg's Arcelor to create the world's biggest steelmaker, Arcelor Mittal.
	www.boston.com /business/articles/2007/01/31/tata_steel_wins_corus_with_113_billion_offer (553 words)

	Tata Steel Outbids Rival CSN for Corus \| ajc.com (Site not responding. Last check: 2007-10-13)
		NEW DELHI — Tata Steel said Wednesday its $11.3 billion offer to acquire European steel maker Corus is strategic to its global ambitions, even as the winning bid raised concerns that the deal's high cost could undermine the combined company's financial health.
		Mumbai-based Tata Steel outbid Brazilian rival Companhia Siderurgica Nacional SA, or CSN, after offering to pay 608 pence in cash for each of Corus Group PLC shares in what would be the biggest-ever acquisition by an Indian company.
		Tata Steel is a part of the Tata Group — a sprawling business conglomerate with interests spanning from salt to software — that has been the most aggressive Indian company seeking overseas acquisitions to gain global visibility after thriving for decades in a protected home market.
	www.ajc.com /business/content/shared-gen/ap/Finance_General/India_Tata_Corus.html (950 words)

	Tight-Lipped Tata Circles Corus - Forbes.com (Site not responding. Last check: 2007-10-13)
		But the Tata patriarch, Ratan Tata, is being stingy with the details of when he might move and how much he is willing to spend.
		A report in The Hindu Businessline said that Tata is willing to pay $8 billion to $8.5 billion for an outright takeover, But it is also looking at taking a big minority stake, in the 20% to 23% range, as an alternative method of gaining effective control.
		Ratan Tata, who has been the chairman of the family business since 1991, is credited to a large extent for its growth and global competitiveness.
	www.forbes.com /2006/10/14/ratan-tata-corus-face-cx_rd_1013autofacescan04.html (505 words)

	TATA Steel \| Business solutions from AllBusiness.com
		Tata Steel of India is working on overseas acquisitions and domestic capacity addition that would make it into a 15Mt steel producing company by 2010.
		TATA Steel has raised its ore beneficiation capacity from its 1990 nameplate capacity of 108kt/y to 400kt/y as a measure of mineral conservation.
		Tata Steel of India is setting up a joint venture with IQ Martrade Holding of Germany to speed up the handling of its shipments and...
	www.allbusiness.com /tata-steel/3063099-1.html (742 words)

	Tata Steel closes in on Corus \| Business \| Money \| Telegraph
		Tata Steel, the Indian group, has lined up a mammoth $6.5bn (£3.5bn) financing package to help fund a £5bn takeover of Corus, its larger British rival.
		Senior industry executives said last night that Tata Steel might have to fight to keep Varin as he is already being wooed by rival groups, including the mining giants Anglo American and Rio Tinto, both of which are seeking new chief executives.
		Analysts have suggested that Tata Steel would be reluctant to be seen to overpay for what is still seen as a high-cost operation.
	www.telegraph.co.uk /money/main.jhtml?xml=/money/2006/10/08/cntata08.xml (561 words)

	Pedal to the Metal: Challenges of Tata Steel's Corus Takeover - India Knowledge@Wharton
		Tata Steel's case for the acquisition is that its low-cost plants in India would use Corus's finishing plants to supply and expand the latter's high-end customer franchises in Europe.
		Tata Steel's higher efficiency pitch to Corus was self-evident.
		Tata Steel plans to induct senior executives from the two companies to sit on each other's boards as also a core steel team, but otherwise leave the existing Corus management intact.
	knowledge.wharton.upenn.edu /india/article.cfm?articleid=4109&CFID=2552426&CFTOKEN=64817318 (2937 words)

	Tata Steel ready for final battle to buy Corus - The Money Times (Site not responding. Last check: 2007-10-13)
		India's Tata Steel Ltd., one of the two main contestants for buying Anglo-Dutch steel-maker Corus, is all set to enter an auction on Tuesday and the winner will be named latest by Thursday.
		Analysts says that Brazil's CSN and Tata Steel of India are the frontrunners for acquiring Corus, and their aggressive tenders may push up the valuation of the steel-maker to more than $10 billion.
		Tata Steel's mood, meanwhile, was lifted Tuesday by a 41-percent rise in its net profit for the third quarter ended Dec 31, that saw its bottom line rise to $240 million.
	www.themoneytimes.com /articles/20070130/tata_steel_ready_for_final_battle_to_buy_corus-id-102797.html (612 words)

	[No title] (Site not responding. Last check: 2007-10-13)
		Tata Steel said on Wednesday its bid of 608 pence a share in cash topped the best offer from Brazil's Companhia Siderurgica Nacional (CSN), after a nine-round auction that saw bids for Corus rise almost a fifth from the starting price.
		The deal, India's biggest-ever foreign takeover, is expected to fuel a new wave of consolidation in the fragmented steel sector after Mittal Steel bought Arcelor for $32 billion (16 billion pounds) last year to create the world's biggest steel producer.
		But Tata Steel shares lost 10.7 percent, its biggest daily fall for 8 months, on fears it was overpaying.
	today.reuters.co.uk /news/articlenews.aspx?type=topNews&storyid=2007-01-31T152759Z_01_SP97625_RTRUKOC_0_UK-CORUS-TATA.xml&src=rss (294 words)

	The Hindu Business Line : Tata Steel: Buy
		Volumes in the steel division rose 12 per cent Year-on-Year in 2005-06 and were instrumental in the company recording a 4.5 per cent growth in revenues despite a marginal decline in average realisations.
		Tata Steel's initiatives to move along the inorganic growth path over the past few quarters have brightened the long-term prospects for the steel major.
		Tata Steel is now undertaking a 1.8-million tonnes per annum (mtpa) expansion at Jamshedpur, which is expected to be completed in another 18 months.
	www.thehindubusinessline.com /iw/2006/06/18/stories/2006061802440900.htm (837 words)

	welcome to the official site of tata pipes
		Tata A High Tech state-of-the-art Commercial Tubes(CT) mill was recently inauguarated at Jamshedpur ....
		The fourth Tata Pipes Parivaar Anniversary is being celebrated in the exotic country of Egypt...
		TATA Pipes lays a great emphasis on quality and all the tubes undergo various quality control tests, to give the customer value for their money....
	www.tatatubes.com (188 words)

	Corus deal: Tata Steel runs into Brazilian roadblock-Rest of World-World-NEWS-The Times of India (Site not responding. Last check: 2007-10-13)
		Tata chairman Ratan Tata, who flew into London on Thursday night and is understood to have left British shores late on Friday, has made no comment so far on the unexpected interruption to his plans to complete the Corus takeover in January.
		Steel industry experts said that if CSN decides to formally make a pounds 4.3-billion takeover offer for Corus next week, then Tata Steel would be forced to up its own pounds 4.1-billion bid to acquire the European company and complete its dreams of creating the world's fifth-largest steel producer.
		Steel sector pundits said the market was unlikely to lose the irony of CSN's approach, just four years after Corus made a pounds 2.7 billion bid for the Brazilian company.
	timesofindia.indiatimes.com /NEWS/World/Rest_of_World/Corus_deal_Tata_Steel_runs_into_Brazilian_roadblock/articleshow/471569.cms (603 words)

	globeandmail.com : globeinvestor.com : India's Tata Steel outbids Brazilian rival for Corus (Site not responding. Last check: 2007-10-13)
		Tata Steel shares tumbled 9.3 per cent to 471 rupees in intraday trading on the Bombay Stock Exchange.
		The European Commission had earlier cleared Tata Steel and CSN as eligible to make a possible acquisition of Corus, which has been searching for a business partner with assets in low-cost countries as rising raw material and energy costs in Britain and the Netherlands chip away at profits.
		Tata declined to comment on what role the chief executive of Corus, Philippe Varin, will have after the merger is complete in about a year.
	www.globeinvestor.com /servlet/story/RTGAM.20070131.wtata0131/GIStory (823 words)

	Tata Steel awaits Corus verdict on Takeover - The Money Times (Site not responding. Last check: 2007-10-13)
		Corus Steel announced that it has extended the deadline for CSN steel,based in Brazil, to formally bid for the company to 20th December rather than the earlier planned 4th December which would have coincided with the shareholder's meet on whether to accept the offer made by India's Tata Steel.
		Tata steel is offering Corus $7.9 billion while the unofficial bid by CSN is $8.3 billion.
		This has come as a blow for Tata steel as it was expecting to takeover Corus after the shareholder's meet on 4th December.
	www.themoneytimes.com /articles/20061127/tata_steel_awaits_corus_verdict_on_takeover-id-102248.html (511 words)

Try your search on: Qwika (all wikis)