He is acknowledged as the person behind transforming Tata Steel into the world's 11th largest steel-maker.
Per capita consumption of steel in India is 49 kg, against the world average of 182 kg.
Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus.
"Yes, we will continue to hold on to our stake," Tata Steel's Vice-Chairman B Muthuraman told reporters on the sidelines of an industry event in New Delhi.
Coal behemoth CIL on Monday came out in support of the government proposal that miners share 26 per cent of profits with local people affected by their projects, while Tata Steel toned down its stance on the issue.
We need to first give priority to some other important issues such as affirmative action, skill development, growth of manufacturing and getting the mega projects off the ground, says Muthuraman.
Managing director of Tata Steel B Muthuraman and vice chairman of Goldman Sachs group Suzanne Nora Johnson are among the 20 business labour and civil society leaders named by the UN to serve on Global Contact group.
Confederation of Indian Industry president B Muthuraman on Monday met Prime Minister Manmohan Singh and apprised him about the chamber's priorities for the year, including skill development and its commitment towards weaker section of the society.
B Muthuraman said while the Indian industry must seek to make growth inclusive and sustainable and must work towards addressing various inequalities in society, affirmative actions cannot be made mandatory.
On Mody's death, Tata on Friday said, "Russi Mody was an institution at Tata Steel. Under his leadership, the company grew significantly and he instituted many human resource initiatives.
B Muthuraman, vice chairman, Tata Steel, has been elected as the vice president of CII.
Tata Group is on an expansion spree in Karnataka, with new projects of its companies at various stages, including the proposed 100-acre Tata Consultancy Service campus here.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
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