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Just count the zeros, $30 billion in the next 3-5 years.
Blink once & you might risk missing out some expansion or acquisition plan by the Tata group. With a stupendous Rs.1.6 trillion expansion plan announced in 2006, the Tatas seem to have decided that they have to move far ahead of the rest. Six Tata group companies featured in the B&E Power list, with combined profits worth $2.83 billion.
In early 2007, Tata Steel took the world by the storm when it decided to acquire Anglo-Dutch steel maker Corus for a highly profligate sum of $12 billion. Tata Tea made a $677 million acquisition of Glaceau (which it sold off to Coca Cola recently for $1.2 billion). The Taj Group initiated the Ginger group of hotels venture during the period. The Tatas also initiated the Infiniti chain of retail stores in late 2006.
The group has caused it’s fair share of controversy too, in particular with the Rs. 1 lakh car plant in Singur, West Bengal. Besides, the group does faces great risk due to a higher debt-equity ratio. No risk, no gain, as they say!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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