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Tata Steel apprehensive of UK media reports over investment plans

By Economic Times - 3 months ago
Tata Steel expressed concerns about UK media reports indicating potential impact on the 1.25 billion pounds investment in Port Talbot plant due to policy differences between UK government and opposition. They had signed a joint agreement in September 2023 for decarbonisation plans. Tata Steel plans to proceed with the closure of heavy-end assets at Port Talbot, emphasising their commitment to sustainability and transition to low-emission electric arc furnace process within three years.

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