Tata Steel UK governement news: The stock rose after the United Kingdom announced a joint investment package with Tata Steel worth 1.25 billion pounds last week, including a government grant of 500 million pounds for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. Get more Stocks News and Business News on Zee Business.
Tata Steel UK: Tata Steel s share price reached a 52-week high after announcing a joint agreement with the UK government to invest in steelmaking at the Port Talbot site. Domestic brokerage Nuvama Institutional Equities has a buy rating for Tata Steel stock with a target price of ₹142.
The UK government’s grant was more than their earlier offer but less than what Tata Steel may have wanted. Even then, several pieces of the puzzle have to fall in place for the business to turn into a thriving one
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