A decade after Tata Steel Ltd bought Anglo-Dutch steel maker Corus—a company four times its size—the Tata group firm, in partnership with ThyssenKrupp AG, is crafting a new strategy to tackle the headwinds facing the steel industry in a region that is characterized by overcapacity, plant shutdowns, and job losses. In an interview, Koushik Chatterjee, group executive director at Tata Steel, touches upon the criticality of the deal with the German industrial group for Tata Steel’s European business.
How important is this deal for Tata Steel, considering it has been worked out after several rounds of discussions? What have been the key learnings?
This is a win-win deal because it is not being done at the cost of any one part. If you look at it, it’s a more structural solution for Europe which also helps Tata Steel India.
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