TATA STEEL

Only Tata Steel has been the most aggressive and has made two overseas acquisitions (Natsteel and Millenium Steel) in the last two years. Recently, Jindal Steel & Power Ltd cracked the Bolivian El Mutun iron ore mines deal and now plans to invest $2.3 billion to develop iron ore mines, and to set up steel plants in the country. Jindal’s CEO Vikrant Gujaral, commented, “The company is going to benefit both financially & strategically (from the deal in Bolivia).” Meanwhile, the likes of Arcelor-Mittal and Posco could see their ambitious India plans get stymied as tension mounts over the issue of captive mines, for which the Indian government is not ready. Thus, the other possible route of entering the industry will be via M&As.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

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