Tata Steel says actively engaged with UK govt for financial support for biz ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 71
Homegrown steel major Tata Steel is actively engaged with the UK government for financial support for its business there, a company spokesperson said on Friday, amid reports of the Tatas looking to divest their steel business in the UK. "Tata Steel is seeking support from the UK government in two forms. In policy terms by encouraging the transition to green steel and ensuring a cost competitive landscape, and partnership in financing of the project given the size of investment and the financially constrained position of our UK business," the spokesperson told PTI. The company at present is in active and detailed discussions with the UK government with relation to the future of the business.

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