November 22, 2024 20:45 (IST)
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Port Talbot: Tata Steel, U.K. Government ink deal to invest USD 1.54 billion

Port Talbot: Tata Steel, U.K. Government ink deal to invest USD 1.54 billion

India's Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion (USD 1.54 billion) inclusive of a grant from the UK Government of up to £500 million ($621 million), subject to relevant regulatory approvals.