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INDIA INC HAILS TATA'S CORUS TAKEOVER.
NEW DELHI, Feb 1 Asia Pulse - India Inc on Wednesday welcomed Tata Steel's (BSE:500470) acquisition of Anglo-Dutch steel maker Corus while expressing concern that the deal might re-rate the entire steel industry, making steel companies over-valued.
Jindal Steel and Power Ltd (BSE:532286) vice-chairman and managing director Naveen Jindal said, "this is not an attractive price but, if the Tatas have liquidity it will be a good investment in the long run."
He said the Tatas were a professional lot and the deal would be a success.
Some industry barons also expressed concern that the deal may lead to over-valuation in the global ...
- India Inc hails Tata's Corus takeover.
- News wire article from: PTI - The Press Trust of India Ltd. January 31, 2007 700+ words
India Inc hails Tata's Corus takeover New...India Inc today welcomed Tata Steel's acquisition of Anglo...having roots here. "Tata Steel will be in the big league...to a new paradigm. "Tata Steel's successful bid for...
- INDIA INC HAILS TATA-CORUS DEAL; FEELS ENCOURAGED.
- News wire article from: AsiaPulse News October 23, 2006 700+ words
...Upbeat over an agreement reached by Tata Steel (BSE:500470) for acquiring Corus...Corus Group's Board on Friday backed Tata Steel's 455 pence a share bid to takeover...valued at US $8.09 billion would make Tata Steel the world's fifth largest steel producer...
- Tata Steel eyes mines in US, Africa and Australia.
- News wire article from: PTI - The Press Trust of India Ltd. August 7, 2008 700+ words
Tata Steel eyes mines in US, Africa and Australia Mumbai, Aug 7 (PTI) Tata Steel has identified raw material resources in America...requirement of Corus is met through captive sources. "Tata Steel Group has identified the potential geographies...
- Tata Steel gets lenders' nod for easier Corus loan terms.
- News wire article from: PTI - The Press Trust of India Ltd. May 30, 2009 700+ words
Tata Steel gets lenders' nod for easier Corus loan terms Mumbai, May 30 (PTI) -- Tata Steel today said lenders of its UK-based subsidiary...Nearly half of the amount to be injected by Tata Steel into Tata Steel UK would be used for debt...
- Tata Steel seeks clarification from Liberia over iron ore proj.
- News wire article from: PTI - The Press Trust of India Ltd. September 16, 2008 700+ words
Tata Steel seeks clarification from Liberia over...government iron ore project in Liberia, Tata Steel today said it will seek clarification...dollar iron ore mine contract, where Tata Steel was one of the short-listed bidders...
- Tata Steel eyes Southern Ispat stake.
- Newspaper article from: Economic Times (New Delhi, India) August 4, 2006 700+ words
Aug. 4--MUMBAI, India -- Tata Steel is exploring options of picking up a...construction grade steel products. Although Tata Steel denied any such move and Southern Ispat...early stage...it is not clear whether Tata Steel is looking at a significant stake or...
- Tata Steel to be 40 MT company by 2012; revenues to be $32 bn.
- News wire article from: PTI - The Press Trust of India Ltd. October 20, 2006 700+ words
Tata Steel to be 40 MT company by 2012; revenues...Tata group today said it would make Tata Steel a 32 billion dollar entity by 2011...2 billion dollar, would not affect Tata Steel's massive ongoing expansion programme...
- Moody's downgrades Tata Steel's outlook to negative.
- News wire article from: PTI - The Press Trust of India Ltd. October 22, 2008 700+ words
Moody's downgrades Tata Steel's outlook to negative New Delhi, Oct...Moody's today downgraded outlook on Tata Steel from stable to negative following challenging conditions faced by Tata Steel UK, which is the holding company for...