Tata Industries

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Title: Tata Industries

Essay Details:

Subject: Social Issues

Author: Deborah D

Date: May 6, 2014

Level: University

Grade: A

Length: 10 / 2743

Essay text:

By some measures, it exceeded the price paid in other recent industry deals, such as Mittal Steel's acquisition of Arcelor last year. In its centenary year of 2007, Tata Steel, a subsidiary of Tata Group, India's largest private sector company, was aiming to touch the production figure of 7 million tonnes but the acquisition would bring the total capacity of the group to around 23 million tonnes, making it the fifth largest steel producer in the world. The group was in look out for big overseas acquisitions as the Indian steel producers have limited-to-no options to jeopardize their bright future by offering its stake to competitors, it would be nothing short of firing at ones own toe, especially when the economy is booming and the potential for steel producers is overwhelming...

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