The Indian Express
Thursday, January 03, 2008
Steeling the limelight with M&As
If mergers and acquisitions (M&A) defined the steel sector in 2007, policy initiatives and consolidation of gains will underline 2008. Last year, the industry was home to the biggest ever acquisition by an Indian company in the form of Tata Steel's takeover of Corus for $12 billion. It catapulted the Tatas to the 5th position among the world's steel makers with a combined finished steel production capacity of 27 million tonnes (mt).
The Indian Express
The Indian Express
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