Tata Steel looking to secure raw material linkages
The USD 12.9 billion Corus acquisition has not blunted Tata Steel’s appetite for acquisitions. B Muthuraman, MD, Tata Steel said the company would look to secure raw material linkages for Corus as well as its own expansion plans.
“We are looking at limestone deposits somewhere, looking at iron ore deposits somewhere. They are all for giving greater security of raw materials to Corus. These are our immediate priorities to make sure these are all tied up well,” said Muthuraman.
