Asia Risk 15: Sandip Biswas, Tata Steel
Tata Steel has managed risks on multiple fronts during its transformation from an Indian company into a multinational corporation over the past 15 years. Adopting a proactive but prudent approach to using derivatives has helped achieve this growth. Rahul Jhaveri reports
Tata Steel has a similar story to many successful Asian companies, growing from its roots as Tata Iron and Steel Company (Tisco) in India into one of the world’s foremost steel manufacturers. The Jamshedpur-based company embarked on its international expansion in 2004, completing the acquisition of Singapore-based NatSteel for S$305 million ($222 million) in February 2005 and later Thailand’s Millennium Steel Company for $173 million in December 2005.
Tata Steel gained global recognition after
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