Tata Steel Ltd.

Tata Steel is looking at further acquisitions as it boosts capacity to meet booming demand at home and overseas. Right now, the company has Europe, Southeast Asia and south Asia and in terms of new operations it is constantly looking into countries in terms of steel making and in terms of raw materials.

Tata Steel has a global capacity of around 30 million tonnes — two-thirds of which are from its European unit, Corus, a quarter from its growing Indian operations, and the rest from units and joint ventures in Thailand, Singapore, Vietnam and the Philippines. The company is in the process of securing clearances for a nearly five-million tonne integrated steel plant in Vietnam and is also working to boost its capacity in India. The steel project in the central Vietnamese province of Ha Tinh will make use of iron ore from a nearby mine, with the first phase expected to be completed in 2-1/2 to three years. In India, capacity is expected to rise to 10 million tonnes in the near future from around 7.5 million tonnes currently, he said. Tata Steel will also build a 12-million tonne a year steel plant in Jharkhand and other facilities elsewhere, including in Orissa.crackcrack