Profit

Tata Corus hit by recession

PUBLISHED ON: December 6, 2009 | Duration: 2 min, 04 sec

  
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When Tata Steel took over Corus in 2006, it was the biggest takeover of a foreign firm by an Indian company. But recession, that resulted in steel demand plummeting by 40 per cent since last year, has hit Corus hard.
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