As far as Tata Steel is concerned, we continue to move ahead and respect the judicial process. Let’s see what happens next, says TV Narendran, Global CEO & MD, Tata Steel, talking to ET Now.Edited excerpts: Congratulations on winning the bid for Bhushan Steel. What made you come to the valuation of Rs 36,000 crore for Bhushan Steel? Do you expect the synergies to pan out for Tata Steel and Bhushan Steel at a later point of time? When we looked at this opportunity, we saw Bhushan Steel was probably the best asset on the block. It is pretty close to where we are already operating. It is in Odisha where we get a lot of support from the government. We see there is a lot of opportunity for synergy because it is a mill, we were very familiar with its configuration. It has got a furnace which we know very well. It has got a rolling mill which has excess rolling capacity and we probably have some extra slabs from Kalinganagar once we expand. So, in many different ways we saw a lot of synergies there. We also know how long it takes to build a steel plant in India. It has taken us more than 10 years to build Kalinganagar which is today a three million tonne plant whereas Bhushan is a five million tonne plant. So, we worked hard on it and we are happy we got it. Today the promoters of Bhushan Steel have also reached the NCLAT and they are challenging the fact that Tata Steel has won the bid for Bhushan Steel. How do you plan to take it forward at a later stage with respect to this and given the fact a proper due procedure has been followed by the committee of creditors as well in a case like this? Do you expect more legal challenges at a later stage? First of all, the promoters will do what they have to do. It is always difficult to lose an asset that you had created. We respect that but we have played it straight and square and Tata Steel has followed due process. We bid well. The committee of creditors are happy with it. We have already moved into the plants on Friday. The employees there have welcomed us. As far as we are concerned, we continue to move ahead and we respect the judicial process and we will wait to see what happens next.Will you look at any other assets that are currently undergoing the insolvency process after Bhushan Steel as well? We had bid for Electrosteel. We lost it. We are still in the running for Bhushan Power. Let us see what happens.