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Can Tata turnaround Corus and itself ?

shah's picture
Submitted by shah on December 29, 2009 - 02:10

Buying Corus has not been an easy path for Tata Steel. While it did get enoromous capacity in hand Steel demand has been subdued in Europe and across the globe. Losses from Corus are wiping out any profit made at home. Debt burden to buy Corus is huge on Tata steel.

Can Tata turn around Corus after all these ?

Tata steel had ross debt of $12.9 billion and net debt of $9.8 billion as on Sept. 30

Corus Teesside plant has been a major drag on it and they announced some more lay offs recently. Couple that with rising prices can give some boost to steel maker and help turn around the corus operation.


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