Tata Steel to acquire plant in SE Asia
The Financial Express — September 21, 2005

Tata Steel's appetite for foreign acquisitions seems to be growing with its chairman and managing director B Muthuraman indicating on Tuesday that it would soon be buying another company in South East Asia. "We would be acquiring a company in the region (SE Asia). This would be in the size of 2-3 million tonnes," he told reporters here after the release of the book 'Tata Steel' by Shriram Centre for Industrial Relations and Human Resources.

Muthuraman also hinted at acquiring coal mines abroad to "secure" Tata Steel's requirements of the natural resource, but refused to give details about the possible explorations abroad in this regard. Asked about identifying countries where the acquisition would take place, he evaded a direct reply, saying: "I have read in papers about Indonesia and Vietnam. But no final decision has been taken. Tata Steel had announced earlier this month that it would make up to Rs 1,00,000 crore investment in creating greenfield capacities as well as expansion of existing plant in Jamshedpur.