to media reports Tata Steel Ltd has put in a proposal
to acquire a coal mine in Australia and is keen to buy
companies that would enable it to acquire raw material
Steel is keen to expand its raw material supplies in the
wake of its emergence as the world''s fifth largest steel
maker with its acquisition of the Anglo-Dutch Corus Group
in an auction against Brazil''s CSN on 31 January with
a $12.11-billion bid.
Tata has been quoted as saying that Tata Steel was keen
to align its operations with Corus and buy or collaborate
with coal and iron ore producers.
report in The Economic Times, has quoted Tata as
saying, "With Corus, our plan has now acquired global
components. We have put in a proposal for a coal mine
in Australia. We are scanning for possibilities
elsewhere across the world also," the paper quoted
Tata as saying.
($12 billion) that will make it the world''s fifth-biggest