India Winning

Tata Wins Corus

On the Eve of last day of January 2007, Tata finally got hold of Corus at 608 pence per share . Winning against the war against CSN . Well the story is is such a big news in Indian Corporate that one cant stay away from being jubilant about it. Well as a company Tata steel has played a big gamble paying more than what the corus deserved .The Management of Tata steel says it will be reaping benefits in 3 years. Now technically we speak about this than the deal has burn holes in Tata's pockets . They may not be worth that much $11.3 Billion but there name is such that any banker is ready to put bet on them . 100 years of history . The biggest corporate house of India having varied interests in - IT, Telecom, Tea/drinks, Retail, Steel, Automobile, Metals, Components, hotels, Consumer durable, FMCG what not.
9 times the EBITA is the value they paid with ultimately CSN would be laughing its fortune as the company itself is a shareholder in Corus.

But then this is moer to do with pride , I would like to commensurate the courage what RAtan tata showed in getting up to his decision that yes they will buy this. He knew that if tata steel has to do good it is now because seldom such big organisation are put to sale. The golden opportunity to make into big league see as they have climbed to the ranks of being No.5 producer in the world no wonder the deal has done wonders for them.
Tata group time and time have been accused of being complacent, uncle auntie company which has a rusted machinery . Tey are not quick to respond to market like the new age business gurus lf likes of - Bharti, Ambani, Shrinivasan.But see with one deal things have changed in the minds of public. Now TaTa is a new age energy symbol to chalenge the world that yes we are there and we can put our name in the big leagues of the world.


The most promising thing is Tata steel is so indian that every one has the connections with it it has grown within India with Indian minds and labour workind day in day out making the cheapest cost steel in the whole world.Well All news channel came up with the buzz of Brand India has arrived yes we are sure with two or three more such bg deals the world will suddenly wake up that yes this country has lot of money. RIL is looking ahead to bid for GE plastics well if that goes through they also are looking at $10 billion+ investments, already videocon, subex, Ranbaxy, dr. Reddys have done bog ticket acquisitions . And evidently its for sure that more will be coming .

To surprise the world here we come ....