Sen­si­ble Plan

The Economic Times - - Markets: Beating Volatility -

Ex­per­tise counts! One of the big­gest do­mes­tic steel pro­duc­ers, with big plans for brown­field ex­pan­sion, seems likely to bet­ter value stressed steel as­sets, and so of­fer a bet­ter ac­qui­si­tion price as well. It would be all for the greater good. We do need quick turn­around of stressed as­sets, so that valu­able re­sources are speed­ily re­de­ployed. Steel is a cap­i­tal­in­ten­sive cycli­cal in­dus­try, and In­dia is now the world’s sec­ond largest steel pro­ducer. Hence the greater need for in­tra-in­dus­try M&As.

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