At a time when the nation is abuzz with India Inc. rampaging on foreign soil, it comes as a 
surprise when one hears of their interest on domestic lands. But what if the same roar is heard from the Rs.1 trillion Tatas? Not a surprise anymore, eh?
Well, the feeling is mutual. We can also recollect that just 9 months back (on August 26, 2006), the Group had gone loud about its Rs.1.2 trillion investment plans over the coming 3-5 years with just Rs.700 million set aside to boost their steel business. And the culmination of their efforts was...? Well, if it did slip your mind – their highly ambitious $12.9 billion buy of Anglo- Dutch steel-maker Corus Plc – an instance of a corporate hunter on a desperate look-out for that ever so elusive synergy! Then Singur happened, and tarnished the Group’s image. And while they need to claw back their lost pride & make amends for the Corus mistake by raising some quick cash to pay back the huge debt incurred, they came out with another announcement on May 3 of Rs.1.2 trillion (phew!)! The act was explained by R. Gopalakrishnan, Director, Tata Sons as, “Every 10-15 years, we do something daring, which makes people think we are crazy...” Sorry to interrupt, but did you just say 10-15 years? So what was it we heard of less than a year back? Surely, the Tatas did meet the same benchmark with their Corus deal, didn’t they?
surprise when one hears of their interest on domestic lands. But what if the same roar is heard from the Rs.1 trillion Tatas? Not a surprise anymore, eh?Well, the feeling is mutual. We can also recollect that just 9 months back (on August 26, 2006), the Group had gone loud about its Rs.1.2 trillion investment plans over the coming 3-5 years with just Rs.700 million set aside to boost their steel business. And the culmination of their efforts was...? Well, if it did slip your mind – their highly ambitious $12.9 billion buy of Anglo- Dutch steel-maker Corus Plc – an instance of a corporate hunter on a desperate look-out for that ever so elusive synergy! Then Singur happened, and tarnished the Group’s image. And while they need to claw back their lost pride & make amends for the Corus mistake by raising some quick cash to pay back the huge debt incurred, they came out with another announcement on May 3 of Rs.1.2 trillion (phew!)! The act was explained by R. Gopalakrishnan, Director, Tata Sons as, “Every 10-15 years, we do something daring, which makes people think we are crazy...” Sorry to interrupt, but did you just say 10-15 years? So what was it we heard of less than a year back? Surely, the Tatas did meet the same benchmark with their Corus deal, didn’t they?
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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