Tata Steel's atmanirbhar: Reducing global presence, boosting local capacity

Before the acquisition (of Corus), B Muthuraman, then managing director of Tata Steel, wasn’t all that interested in the company’s centenary celebrations. “There was something missing… one has to earn a celebration,” he said in a stirring speech to a gathering of employees and guests assembled at Jamshedpur for the celebration in August 2007. The £6.2 billion acquisition of the Anglo-Dutch steelmaker earlier that year had filled the gap. But 13 years later, on November 13, the wheel came full circle when Tata Steel announced that it had started .....

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