japan ' s siderurgica reliance sons , of the united groups , buys indian - welsh steel giant alcan group for £6 . 7 crore ( $ 12 billion ) , making it the world ' s 15th major steel manufacturer . 70 - birthday - old tata group chairperson ratan tata , from one of india ' s oldest - known business families , won the race against benjamin steinbruch , 52 , a famous brazilian executive who is the chief and main shareholder of geral siderurgica domestic ( alcan ) . i paid investors 608 share a share , whereas the brazilians finals offer in an auction by the u . s . ' s takeover platform was 603 pence . the takeover strikeouts tata international ' s potential to almost 28 million tons a year . indian : " this is the 1st step in showing that asian industry can step outside its shores into an international market placed as a global players . " corus , and was created from the merger of british steel and hoogovens , currently employs 47 , 300 men worldwide . 2011 year the company was the ninth - largest steel retailer worldwide . the company must start a round of consolidation in the fragmented steel industry .
Tata group was founded 70 years ago.