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CFO Leaders: David Versus Goliath - JSW Steel Versus Tata Steel
JSW Steel vs Tata Steel - Building a challenger business and why Seshagiri Rao says it would be “impossible” today.
14 Jan 2021, 03:06 PM IST
From a crippling debt crisis in the late 90s to now rivaling erstwhile market leader Tata Steel Ltd. in size and cost efficiency, the story of JSW Steel Ltd. is one of David taking on Goliath. Today the two are almost similar in size, though JSW Steel, founded in 1982, retains the crown by a slim margin with its latest acquisition boosting capacity to over 21 million tonnes per annum whereas Tata Steel, founded in 1907, has a 20 mtpa...
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