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Tata Steel proposes additional GBP 130-milllion support package for Port Talbot workers in UK: CFO

This is in addition to the 100 million pounds in funding for the Transition Board set up by the company along with the UK and the Welsh government, in which the company has contributed GBP 20 million, he said.

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Tata Steel proposes additional GBP 130-mn support package for Port Talbot workers in UK: CFO

Tata Steel has proposed an additional financial support package of around £130 million for workers affected by its transition plan in the UK. As part of the decarbonisation plan, the company will close high-emission blast furnaces and coke ovens in 2024 and shift to electric arc furnace-based steelmaking. The transition aims to save energy costs and reduce carbon emissions. Tata Steel CEO T. V. Narendran emphasized the challenging situation and the company s efforts to provide fair and considerate outcomes for affected employees. The comprehensive support package is in addition to the funding for the Transition Board.

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Setting the bar high for research and innovation - Budget 2024 News

Setting the bar high for research and innovation - Budget 2024 News
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Tata Steel | Electric arc furnace will weather global steel cycles better: Tata Steel CFO Koushik Chatterjee

The new configuration of the Electric arc furnace will use locally produced steel scrap and will be used for conversion to steel with local energy. This is a far more resilient business model that will be competitive and leaner

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Tata's Tumult: UK Business Faces Fiscal Challenges

Synopsis:Tata Steel UK reports a Q3 loss of £159 million, adding to the cumulative losses of £330 million for April to December 2023. Despite operational challe

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