Question

Which of the following took over the Anglo-Dutch steel company Corus?
A. ArcelorMittal
B. Jindal Steel
C. Neelachal Ispat Nigam Ltd
D. Tata Steel

Answer 1

Hint: The takeover happened in the year 2006. Corus accepted a deal of 8.1 billion dollars from the company that took over Corus. The combination of these two companies led to the creation of the fifth largest steel making company worldwide.

Complete Answer:Corus Group was founded in 1999 and it was an international steel and metals manufacturer. Corus accepted the 4.3 billion euros offer made by Tata Steel, which is about 4.55 euro per share. Now it is called Tata Steel UK.

Tata Steel is an Indian multinational steel making company and it is based in Jamshedpur, Jharkhand. Its headquarters is in Kolkata, West Bengal and its a subsidiary of Tata Group.

One of the most important industries in India is the iron and steel industry. India was the third largest producer of raw steel from 2014 to 2016. India became, in 2019, the second largest steel producer in the world after China and also the largest producer of steel iron in the world. De-licensing and de-controlling of the Indian steel industry happened in 1991 and 1992 respectively.

Steel Authority of India is through which most of the public sector undertakings market their steel. Mini steel plants and integrated steel plants are the two kinds of steel plants that exist. Main producers, other major producers and secondary producers are the three categories into which the iron and steel industry of India is organised.

Therefore the correct answer is option D.

Note: Having a modern and efficient steel industry of world standards in India is the aim of the National Steel Policy of 2005. Achieving production of 300 million tonnes by 2030-31 is the target of the policy.