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Sahaviriya Steel Industries

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Why the Tata-Corus merger was doomed to fail

The Anglo-Dutch merger was meant to revive the ailing British Steel which had incurred a net loss of £81 million in the year ended March 31, 1999 The Corus group - born out of a deal between......

Tata Steel faces tough choices in Europe

Tata Steel last fortnight announced it has initiated talks with Geneva-based Klesch Group to sell its European long products business. The assets include Scunthorpe steelworks, an engineering......

Tata Corus: Crash, crisis and recovery effort

On Friday, Karl-Ulrich Khler, chief executive officer of Tata Steel's European operations, said their proposal to cut 900 jobs was part of a strategy to transform the company into an all-weather......

Tata Steel accepts $130-mn to settle UK plant loss

Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.The......

Teesside case: Tribunal rules in Tata's favour

Tata Steel on Tuesday announced that a tribunal had given a partial final award in its favour in an ongoing arbitration proceeding between its UK operations (formerly Corus) and a four-member group......

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