Tata Steel, India's largest steelmaker, may expand by buying firms in Southeast Asia after two major deals already this year including a takeover of Anglo-Dutch firm Corus, a report said Wednesday. Managing Director B Muthuraman told the business daily that his company was interested in buying mines as well as factories to expand its range of products.
Tata is among several steel companies seeking to consolidate the fragmented industry and last month announced it has taken a minimum 65 per cent stake in a Vietnamese steel plant joint venture estimated at $3.5 billion.
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