Tata Steel's atmanirbhar: Reducing global presence, boosting local capacity

Tata Steel announced on Nov 13 that it had started discussions with Sweden-based SSAB for a potential acquisition of Tatas' Netherlands business

Before the acquisition (of Corus), B Muthuraman, then managing director of Tata Steel, wasn’t all that interested in the company’s centenary celebrations. “There was something missing… one has to earn a celebration,” he said in a stirring speech to a gathering of employees and guests assembled at Jamshedpur for the celebration in August 2007.

The £6.2 billion acquisition of the Anglo-Dutch steelmaker earlier that year had filled the gap.

But 13 years later, on November 13, the wheel came full circle when Tata Steel announced that it had started discussions with Sweden-based SSAB for a potential acquisition of Tatas’ Netherlands