Turning The Wheels of History......!

"It takes a hundred years to turn the wheels of history", this phrase is true in the case of TATA steel. Starting this venture was not an easy job. Jamsetji Tata needed to run from pillar to post inorder to start the plant as a first step to bring in the industrial revolution into the country.India had already missed the bus with the global economies scaling up their production and their exponential development was only due to industrial revolution in which iron and steel played a pivot role.

But,easier said than done..! That too under the clutches of imperialism.Along the way he had to suffer the scorn of people such as Sir Frederick Upcott, the chief commissioner of the Great Indian Peninsular Railway, who promised to "eat every pound of steel rail [the Tatas] succeed in making". There is no record of where Sir Frederick was when the first ingot of steel rolled out off the plant's production line in 1912. Jamsetji Tata had been dead eight years by then, but his spirit it was, as much as the efforts of his son Dorab and cousin RD Tata, that made real the seemingly impossible.

Hundred years after that,the wheels of history have turned yet again in favor of them with the successful integration of CORUS-The world's 6th largest steelmaker with TATA steel,which was in the 54th position. Rather it can be termed as history repeating itself. With Jamsetji tata achieveing the nearly impossible task of starting a steel company while we were still in the clutches of the british and this time even,it was Ratan Tata who achieved something in the similar scale but in a different perspective. It wasnt an easy task to bid for CORUS with an opponent as aggressive as Benjamin Steinbruch. While it was considered nearly impossible for the TATA's to pip CSN with a majority of global factors against them,it emerged as a darkhorse by pipping CSN only to face investors in the home turf terming it suicidal on their part to bid for CORUS which only helped the TATAs by making its shares plunge into an all time low.


Now, one year after the bid was placed,Tata's have emerged successful in the initial process of integration and declared a whopping 6388Cr consolidated profit and the same investors responsible for its all time low saw its stock rally Rs.60 in a matter of three hours,Yet again proving that
"Its a fickle world out there"....