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Tata Steel CEO TV Narendran said the company was continuing to seek a financial package from the UK government, in response to a question about their stance on exiting the UK business.
Tata Steel CEO TV Narendran said the company was continuing to seek a financial package from the UK government, in response to a question about their stance on exiting the UK business.
Narendran, who is also the general manager of Tata Steel, made the comments.
Narendran, who is also the general manager of Tata Steel, made the comments.
“Tata Steel is still pursuing (request) with the government there (UK),” he told PTI on the sidelines of an event in the nation’s capital.
“Tata Steel is still pursuing (request) with the government there (UK),” he told PTI on the sidelines of an event in the nation’s capital.
He noted that there was no conclusion to the request made for a financial envelope.
He noted that there was no conclusion to the request made for a financial envelope.
Tata Steel, an India-based company, has the UK’s largest steelworks located in Port Talbot, South Wales, and has approximately 8,000 employees across all its operations in the country.
Tata Steel, an India-based company, has the UK’s largest steelworks located in Port Talbot, South Wales, and has approximately 8,000 employees across all its operations in the country.
The company had requested a financial envelope of 1.5 billion from the British government to support its decarbonization plans.
The company had requested a financial envelope of 1.5 billion from the British government to support its decarbonization plans.
Earlier this year, the UK government made a counter-offer to Tata Steel for a financial package, which fell short of the company’s expectations.
Earlier this year, the UK government made a counter-offer to Tata Steel for a financial package, which fell short of the company’s expectations.
Narendran said in an interview with PTI that Tata Steel believes it cannot envision a viable future in the UK without government support there.
Narendran said in an interview with PTI that Tata Steel believes it cannot envision a viable future in the UK without government support there.
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Sources 2/ https://www.livemint.com/news/india/tata-steel-ceo-t-v-narendran-confirms-ongoing-talks-with-uk-govt-for-financial-package/amp-11681630466016.html The mention sources can contact us to remove/changing this article |
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