Tata Steel-Cours benefits seen at $133 mn

Mumbai: Tata Steel will have synergy benefits of $133 million from the Corus acquisition this year.

B Muthuraman, managing director, said for the next three years, the company would see synergies of around one-third of $400 million. Thereafter, every year the company would see synergies of $400 million each year. This was part of the first wave of synergies identified with Corus. Muthuraman said the second wave of synergies was being chalked out, which would be breakthrough ideas.

Tata Steel is in the process of drafting its roadmap, Vision 2015. Muthuraman said it would be ready by December this year.