ratan tata buyied corus (steel company)...what do u think about it??
2007-02-01 17:40:01 · 7 answers · asked by Anonymous in Business & Finance ➔ Corporations
its is an great deal...
it proves India is really developing....
due to this TATA has become the worlds fifth largest steel producers.
now India has 2 leading steel producers in first 5..
1st is mittal
5th is TATA.
now only thing Indian r concerned about is share price of TATA.......cause it has fallen down due to this deal......
2007-02-01 18:21:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As a result of takeover of CORUS, the Tatas have directly jumped to 5th position in steel production capacity in the world. Additionally the Corus plant produces top class steel products which add lots of value to the ordinary steel product and as result the profit margins will be above averages. Tatas can procure low cost raw materials and other inputs which will lead to lower cost of production.All this will lead to more cash profits for the Tata group in future.
The Tatas have over the period of time collated lot of quality engineering skills. Corus will add to this talent pool. There may be lot of cross transfer technical expertise between Corus and Tata. Overall this will be beneficial to both the companies and as a group Tatas will be a formidable force in steel business.
As an Indian, I feel proud that the business environment has transformed so drastically that an indian company can competatively take over a much larger target company. It tells us that India as a business entity is fast changing into a developed nation.
2007-02-02 02:11:49 · answer #2 · answered by Nitin G 7 · 0⤊ 0⤋
It is the Great achievement of TATA group making itself from 56th to 5th largest Steel company in the world. It is the lesson of motivation of management Masterpiece in India.
I hope the TATA group become the world's Largest corporation employing the unemployed or jobless youth to get new lease of life, this shows that Brand India is slowly emerging to become a great Economic Superpower.
2007-02-02 02:10:00 · answer #3 · answered by navmac 2 · 0⤊ 0⤋
Looking at Economic Times report, yesterday... The profit margin of CORUS is very low compared to TATA STEEL. Now it woudl take a lot of effort combined with the winning of new bids, prices, cyclic nature of steel price to bring it up in 5 years. The ABN AMRO report in Holland says that it is a good deal, with a ROI of 10.2% atleast, thats why they are lending the money at 5.5% in EUROs...
2007-02-02 02:10:41 · answer #4 · answered by sundaram s 1 · 0⤊ 0⤋
Ratan Tata is Great. He has made India World-famous once again.
2007-02-02 01:49:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Its great achivement Its good idea also. Iam proud as a Indian
India also develope as Westren countries
2007-02-02 01:51:17 · answer #6 · answered by suresh b 3 · 0⤊ 0⤋
Its their (Tata's) business its their matter only.
It will matter us only if it gives us Indians a job or something like that.
Otherwise it hardly matters.
2007-02-02 05:46:45 · answer #7 · answered by lost 2 · 0⤊ 0⤋