Tata Steel, is India’s largest integrated steel company in the private sector. With the acquisition of Corus in 2007 (now Tata Steel Europe), it is the 10th largest steel producer in the world.
The company clocked good growth rates till FY09, but was severely affected by the slowdown in the last year. As a matter of fact, its consolidated results reported losses for 3 consecutive quarters(March09 to Sep09).
a) So, has Tata Steel managed a turn around, afterwards?
b) And in the light of the above, what lies in store for the company’s long-term future?