tata steel

The Tatas made history by winning the bid for Corus at the stupendous price of Rs53,500 crore, setting a remarkable milestone for India. The duel between the Brazilian steel giant CSN and the Tatas was exciting and suspense-filled, until the Tatas won, making the company the fifth largest steel manufacturer in the world. There is, of course, tremendous strategic value involved here, in addition to a string of other benefits. With a single stroke, the Tatas have emerged as a notable global industrial power, with added brand value. This is a great achievement for the company and for India.