Thanks for the article winadil. My take is they will need more coal in the years to come for steel so their strategic RIV investment close to the Indian market becomes more important...good news for RIV. Talbot, Tata and Mallyon know what they are doing and very well connected for the next phases and strategic alliances.
I liked the following comments in the article:
Tata Steel Managing Director B. Muthuraman said there would be no job cuts in India and that the company was looking to sell 10 million tonnes of steel by 2011 compared with five million tonnes three years ago.
"We expect overall demand for steel to increase by five to six percent this year," he said. "Tata Steel will sell 20 to 25 percent more than last year."
RIV Price at posting:
$5.40 Sentiment: Buy Disclosure: Held
