Corporate Grapevine     

Published: September 15, 2024
Updated: September 15, 2024

UK’s £ 500 million ‘eco’ handout to Tata Steel

Tata Steel UK has received a £ 500 million dole from the UK government to convert its coal-based blast furnaces to electric arcs. This is expected to maintain 5,000 jobs in the UK.

The Tata group was in talks with the UK government for the last three years, seeking UK taxpayers’ bailout money.

Tata Steel has agreed to look at future investment opportunities, which are thought to include the potential for wind turbines to be made in south Wales at a new plate mill.

September 30, 2024 - Second Issue

Industry Review

VOL XVI - 03
September 16-30, 2024

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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