Tata Steel-Corus--Merger, strategic transformation & synergy towards better value addition

摘要

Tata Steel actually ended up paying lot more for the Corus acquisition. The company took lot more debt, all the way up to USD 7 billion, than it initially intended to. But that is the way deals go and that is how transformational moves are made. Tata and Corus have now focused to realizing the maximum they can from the synergies of working together. USD 400 million is what B Muthuraman, MD estimates from the first round of synergies over the next three years and he is confident the next round will yield much more. The recent results of the company for the year ended 31 March 2008 do not imply anything else either.